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531 N B Street N

Lake Worth Beach, FL 33460
  • $560,000
  • STATUS: Active
  • ON SITE: 13 Days
  • MLS #: RX-10750165
Price Reduced
UPDATED: 49 min ago
$560,000
  • 0
    BEDS
  • 0.31
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,732
    SQFT
  • $205
    $/SQFT
Type:
Multi-Family
Built:
1952
County:

School Ratings & Info

Description

$3,900.00/Month - $46,800.00 AnnuallyCAP Rate ( GRI ) 8.5 0% !!Rents below MarketThis HUGE Quad ''city Lots'' property with Beautiful Old Florida Charm. Underground well. has Mango Trees, Palms, Bougainvillea and other assorted indigenous growth. It is truly an amazing Property, and is L:ocated just 6 blocks to the City Center. Our newly revitalized Charming City has a unique appeal with its Art Galleries, Young Urban Professional citizens, Cafe's, Nightclubs, a true treasure Lake Worth Beach has evolved into a Bohemian Vacation Resort Town . Property has 2 homes, yet still only 1 Parcel ID, Amazing Potential, In an exceptionally Strong Up and coming quadrant of the city, Tropical Ridge.Structures completely Remodeled and generating a great in

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www.adamdocktorgroup.com/homes/122115777
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531 N B Street N Lake Worth Beach, FL 33460

  • Price: $560,000
  • Status: Active
  • Updated: 49 min ago
  • MLS #: RX-10750165
0
Beds
0
Baths
0
½ Baths
0.31
Acres
2,732
SQFT
$205
$/SQFT
1952
Built
Neighborhood:
Tropical Ridgelake Worth Beach
County:
Palm Beach
Area:
Lake Worth Beach
Property Description
$3,900.00/Month - $46,800.00 AnnuallyCAP Rate ( GRI ) 8.5 0% !!Rents below MarketThis HUGE Quad ''city Lots'' property with Beautiful Old Florida Charm. Underground well. has Mango Trees, Palms, Bougainvillea and other assorted indigenous growth. It is truly an amazing Property, and is L:ocated just 6 blocks to the City Center. Our newly revitalized Charming City has a unique appeal with its Art Galleries, Young Urban Professional citizens, Cafe's, Nightclubs, a true treasure Lake Worth Beach has evolved into a Bohemian Vacation Resort Town . Property has 2 homes, yet still only 1 Parcel ID, Amazing Potential, In an exceptionally Strong Up and coming quadrant of the city, Tropical Ridge.Structures completely Remodeled and generating a great in
Exterior Features

Carport Spaces 3.00 Construction FrameHollow TileMixed Exterior Features Auto SprinklerAwningsExterior W/D HookupFenceFruit Tree(S)Open PatioRoom For PoolShedWell SprinklerZoned Sprinkler Lot Description 1/4 To 1/2 Acre Lot Dimensions 100.0 Ft X 135.0 Ft Private Pool YN No Roof Comp RolledComp ShingleMixed Unit1 Parking Open ParkingSpace Parking Unit2 Parking Open ParkingSpace Parking Unit3 Parking Carport - AttachedOpen ParkingSpace Parking View CityGarden Waterfront Description None Waterfront YN No

Interior Features

Cooling Ceiling FanElectricWall-Win A/C Flooring Ceramic TileSlateTile Heating CentralCentral IndividualElectricWindow/Wall Unit1 Bedrooms 5 Unit1 Desc Cathed/Vault CeilingDishwasherDryerElectric MeterKitchenLaundryMicrowaveRange - ElectricRefrigeratorSmoke DetectorStack BedroomsWasher Unit1 Full Baths 3 Unit1 Furnished No Unit1 Sq Ft 1470 Unit2 Bedrooms 1 Unit2 Desc A/C UnitBuilt-In ShelvesDishwasherDryerElectric MeterKitchenLaundryMicrowavePatioRange - ElectricRefrigeratorSmoke DetectorWalk-In ClosetsWasherWindow Cover Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 680 Unit3 Bedrooms 1 Unit3 Desc A/C UnitDryerElectric MeterKitchenLaundryMicrowavePatioRange - ElectricRefrigeratorSmoke DetectorWasher Unit3 Full Baths 1 Unit3 Sq Ft 625 Unit4 Sq Ft 0

Property Features

Annual Net Operating Income 40000.00 Annual Total Expenses 6500.00 Available Info AccountingDepositInventoryLeases Built Desc Resale Development Name Tropical Ridge - Shangrila 1510 Llc Gross Operating Income 46800.00 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 Triplex Possession At ClosingFunding REO No Restrictions 41 Lb To 50 Lb PetLease Ok Sellers Package Incomplete Separate Electric Meters Yes Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses AccountantLimitedOwner Special Assessment No Sq Ft Total 2954.00 Subdivision Amenities Street Lights Tax Amount 6175.00 Tax Year 2020 Taxes City/CountyNo Homestead Tenant Pays CableElectricRepairsSewerWater Terms Considered CashConventionalLease PurchaseOwner 2nd Total Assessed Value 243695.00 Unit1 Monthly Income 1750.00 Unit2 Monthly Income 1150.00 Unit3 Monthly Income 1000.00 Unit4 Monthly Income 0.00 Utilities CableElectricNo ElectricPublic WaterWell Water Zoning Sfr - 38 - Sfh

Listing provided courtesy of Lamar Properties Inc. Listing information © 2021 BeachesMLS
 
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