402 S Ocean Breeze ST Active Save Request In-Person Tour Request Virtual Tour
Lake Worth Beach,FL 33460
Key Details
Property Type Commercial
Sub Type MultiFamily (5+ Units)
Listing Status Active
Purchase Type For Sale
Square Footage 3,044 sqft
Price per Sqft $729
Subdivision Lake Worth Town Of
MLS Listing ID RX-11010273
Year Built 1941
Annual Tax Amount $17,469
Tax Year 2023
Lot Size 6,534 Sqft
Property Description
PROPERTY HIGHLIGHTSThis exceptional multi-family portfolio in Lake Worth, Florida, comprises eight (8) strategically located buildings, offering a total of twenty-eight (28) units. Each property features unique architectural styles and modern amenities, ensuring a diverse and appealing selection for tenants. The portfolio includes a mix of unit sizes and configurations, catering to various tenant needs and maximizing rental potential. With a solid average cap rate of 8.26%, these properties promise a robust return on investment. Situated in a vibrant and growing community, this portfolio presents a rare opportunity to acquire income-generating assets in a highly desirable area.
Location
State FL
County Palm Beach
Area 5600
Zoning MF-20(
Interior
Heating Electric
Cooling Electric
Flooring Other
Fireplaces Type Smoke Alarm,Smoke Detector
Exterior
Utilities Available Cable,Other,Public Sewer,Public Water
Roof Type Other
Building
Story 100.00
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional