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    102 S K Street , 1-4

    Lake Worth Beach, FL 33460
    • $995,000
    • STATUS: Active
    • ON SITE: 42 Days
    • MLS #: RX-10743742
    UPDATED: 59 min ago
    $995,000
    • 0
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,400
      SQFT
    • $415
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    7 % CAP GRI. Incredible investment opportunity to own a Fourplex corner with parking lot in the heart of Lake Worth Beach. The Four 1 bedroom/1 bath apartment complex underwent extensive interior and exterior renovations. This turnkey property has many upgrades including SS kitchen appliances, hardwood and porcelain flooring. Washer and dryer in all apartments. Separate electric meters, all impact windows and doors, plus other features highlight this fantastic purchase. 1 block to Lake and a short walk to the Ocean. Immediate income producing as all units are currently rented or 3x Rent Roll as a short-term rental property. This is a legal 4-unit structure where all work has been done to code. Best location with low operating costs and high returns!

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    www.adamdocktorgroup.com/homes/121183769
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    102 S K Street , 1-4 Lake Worth Beach, FL 33460

    • Price: $995,000
    • Status: Active
    • Updated: 59 min ago
    • MLS #: RX-10743742
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    2,400
    SQFT
    $415
    $/SQFT
    1925
    Built
    Neighborhood:
    Lake Worth Town Of
    County:
    Palm Beach
    Area:
    Lake Worth Beach
    Property Description
    7 % CAP GRI. Incredible investment opportunity to own a Fourplex corner with parking lot in the heart of Lake Worth Beach. The Four 1 bedroom/1 bath apartment complex underwent extensive interior and exterior renovations. This turnkey property has many upgrades including SS kitchen appliances, hardwood and porcelain flooring. Washer and dryer in all apartments. Separate electric meters, all impact windows and doors, plus other features highlight this fantastic purchase. 1 block to Lake and a short walk to the Ocean. Immediate income producing as all units are currently rented or 3x Rent Roll as a short-term rental property. This is a legal 4-unit structure where all work has been done to code. Best location with low operating costs and high returns!
    Exterior Features

    Carport Spaces 5.00 Construction BlockConcreteStucco Exterior Features None Lot Description < 1/4 AcreCorner Lot Lot Dimensions 25.0 Ft X 135.0 Ft Private Pool YN No Roof Tar/Gravel Unit1 Parking Space Parking Unit2 Parking Space Parking Unit3 Parking Space Parking Unit4 Parking Space Parking Waterfront Description None Waterfront YN No

    Interior Features

    Cooling Air PurifierCentral Individual Flooring Ceramic TileWood Floor Heating Central Individual Unit1 Bedrooms 1 Unit1 Desc A/C UnitBuilt-In ShelvesDishwasherDisposalDryerElectric MeterKitchenLaundryMicrowaveRange - ElectricRange - GasRefrigeratorSmoke DetectorW/D HookupWasher Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 600 Unit2 Bedrooms 1 Unit2 Desc A/C UnitBuilt-In ShelvesDishwasherDisposalDryerElectric MeterKitchenMicrowaveRange - ElectricRange - GasRefrigeratorSmoke DetectorW/D HookupWasher Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 600 Unit3 Bedrooms 1 Unit3 Desc A/C UnitBuilt-In ShelvesDishwasherDisposalDryerKitchenLaundryMicrowaveRange - ElectricRange - GasRefrigeratorSmoke DetectorW/D HookupWasher Unit3 Full Baths 1 Unit3 Furnished No Unit3 Sq Ft 600 Unit4 Bedrooms 1 Unit4 Desc A/C UnitBuilt-In ShelvesDishwasherDisposalDryerFire SprinklersKitchenLaundryMicrowaveRange - ElectricRange - GasRefrigeratorSmoke DetectorW/D HookupWasher Unit4 Full Baths 1 Unit4 Furnished No Unit4 Sq Ft 600 Window Treatments BlindsHurricane Windows

    Property Features

    Annual Net Operating Income 51736.00 Annual Total Expenses 13825.00 Available Info AccountingDepositDeposit SecurityLeases Built Desc Resale Gross Operating Income 66900.00 Hoa Fee Per Month 0.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Multifamily Type Quad Plex Possession At Closing REO No Restrictions None Separate Electric Meters Yes Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses OtherOwnerTax Return Special Info Sold As-Is Sq Ft Total 2400.00 Subdivision Amenities None Tax Amount 10198.00 Tax Year 2020 Taxes City/County Tenant Pays CableElectric Terms Considered CashConventional Unit1 Monthly Income 1525.00 Unit2 Monthly Income 1300.00 Unit3 Monthly Income 1325.00 Unit4 Monthly Income 1550.00 Utilities CableElectric Zoning Mf-30(

    Listing provided courtesy of Charles Rutenberg Realty Fort Lauderdale. Listing information © 2021 BeachesMLS
     
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