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    1751-55 4th Avenue N

    Lake Worth, FL 33460
    • $695,000
    • STATUS: Active
    • ON SITE: 107 days
    • ID#: RX-10602466
    UPDATED: 238 min ago
    $695,000
    • 0
      BEDS
    • 0.31
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,805
      SQFT
    • $248
      $/SQFT
    Type:
    Multi-Family
    Built:
    1947
    County:
    Area:

    School Ratings & Info

    Description

    5-unit multifamily assemblage situated on .61 Acre site with Multifamily - 20 Zoning. Parcel 1 includes a 2 Bedroom, 2 Bath single family house, PLUS a separate duplex featuring two 1 Bed / 1 Bath units. Parcel 2 Features a duplex with a 1 Bed/1 Bath and 2 Bed/2 Bath Unit. 5 Electric meters, and 2 water.Unit interiors have been freshly renovated and property is 100% occupied. Current rent roll of $5,650 per month. 7% cap-rate in-place.Multiple new-construction apartments in vicinity with height and density variances. Excellent opportunity to develop this site for greater density multifamily. Property is comprised of 2 separate parcel IDs, must be purchased together, but possible to finance with residential financing. Contact Listing Agent for pro-forma and support

    Monthly Payment Calculator



    All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2020 BeachesMLS, Inc.
    IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2020-06-06T00:35:20.68.
    www.westpalmhomesearch.com/homes/103378358

    1751-55 4th Avenue N Lake Worth, FL 33460

    • Price: $695,000
    • Status: Active
    • Updated: 238 min ago
    • ID#: RX-10602466
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.31
    Acres
    2,805
    SQFT
    $248
    $/SQFT
    1947
    Built
    Neighborhood:
    S/D Of 21-44-43, W 1/2 In
    County:
    Palm Beach
    Area:
    Lake Worth
    Property Description
    5-unit multifamily assemblage situated on .61 Acre site with Multifamily - 20 Zoning. Parcel 1 includes a 2 Bedroom, 2 Bath single family house, PLUS a separate duplex featuring two 1 Bed / 1 Bath units. Parcel 2 Features a duplex with a 1 Bed/1 Bath and 2 Bed/2 Bath Unit. 5 Electric meters, and 2 water.Unit interiors have been freshly renovated and property is 100% occupied. Current rent roll of $5,650 per month. 7% cap-rate in-place.Multiple new-construction apartments in vicinity with height and density variances. Excellent opportunity to develop this site for greater density multifamily. Property is comprised of 2 separate parcel IDs, must be purchased together, but possible to finance with residential financing. Contact Listing Agent for pro-forma and support
    Exterior Features

    Carport Spaces 0.00 Construction CbsElevatedFrame Exterior Features Auto Sprinkler Lot Description 1/2 To < 1 Acre Lot Dimensions 50.0 Ft X 266.0 Ft Private Pool YN No Roof Comp Shingle Unit1 Parking Open Parking Unit2 Parking Open Parking Unit3 Parking Open Parking Unit4 Parking Open Parking Waterfront Description None Waterfront YN No

    Interior Features

    Cooling CentralWall-Win A/C Flooring Vinyl Floor Heating CentralWindow/Wall Unit1 Bedrooms 1 Unit1 Desc A/C UnitElectric MeterKitchenRange - ElectricRefrigerator Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 450 Unit2 Bedrooms 1 Unit2 Desc A/C UnitElectric MeterRange - ElectricRefrigerator Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 600 Unit3 Bedrooms 1 Unit3 Desc A/C UnitElectric MeterKitchenRange - ElectricRefrigerator Unit3 Full Baths 1 Unit3 Furnished No Unit3 Sq Ft 450 Unit4 Bedrooms 2 Unit4 Desc A/C UnitElectric MeterKitchenRange - ElectricRefrigerator Unit4 Full Baths 2 Unit4 Furnished No Unit4 Sq Ft 450 Window Treatments Blinds

    Property Features

    Annual Net Operating Income 47800.00 Annual Total Expenses 20000.00 Available Info Deposit SecurityLeases Built Desc Resale Gross Operating Income 67800.00 Homeowners Association None List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Multifamily Type Quad Plex Possession At ClosingFunding 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 Proforma Special Assessment No Special Info Corporate OwnedSold As-IsSurvey Sq Ft Total 2805.00 Subdivision Amenities None Tax Amount 5528.88 Tax Year 2019 Taxes City/County Tenant Pays CableElectric Terms Considered CashConventionalCryptocurrency Unit1 Lease Ends 2021-02-28 Unit1 Monthly Income 950.00 Unit2 Lease Ends 2020-08-31 Unit2 Monthly Income 1050.00 Unit3 Monthly Income 950.00 Unit4 Monthly Income 1200.00 Utilities CableElectricPublic SewerPublic Water Zoning Mf-20(

    Listing provided courtesy of Kw Innovations. Listing information © 2020 BeachesMLS


    All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2020 BeachesMLS, Inc.
    IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2020-06-06T00:35:20.68.
     
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    Ryan Jennings Group at Keller Williams Realty
    12008 South Shore Blvd.
    Wellington FL, 33414