$850,000
$1,179,000
27.9%For more information regarding the value of a property, please contact us for a free consultation.
1109 S Federal Hwy Lake Worth, FL 33460
6,075 SqFt
Key Details
Sold Price $850,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,075 sqft
Price per Sqft $139
MLS Listing ID A10724641
Year Built 1961
Annual Tax Amount $6,348
Lot Size 6,713 Sqft
Property Description
Great Income Property located on the nice area of S Federal Hwy in Lake Worth. This Multifamily features 12 1 bed/1bath units all rented for a total monthly income of $10,225.00 and an annual income of $109,530.00. Vacant units are extremely easy to occupy due to the high demand in the area. Furthermore, the area is gaining a lot of popularity among investors and property values are increasing dramatically. The cap rate for this Property is 10%, do not miss this opportunity!!
Location
State FL
County Palm Beach County
Area 5640
Interior
Heating Central, Electric, Gas
Cooling Central Air
Flooring Carpet, Ceramic Tile
Exterior
Waterfront No
Building
Story 1
Water Public
Structure Type Brick,Block
Others
Acceptable Financing Cash
Listing Terms Cash
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Bought with RentPro Florida