501 N J Street

    Lake Worth Beach, FL 33460
    • $798,500
    • STATUS: Active
    • ON SITE: 197 days
    • ID#: RX-10577805
    $798,500
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,332
      SQFT
    • $240
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1962
    County:

    School Ratings & Info

    Description

    PRICED TO SELL! 7.13% Cap Rate! Seller will guarantee a couple of months rent! RARE OPPORTUNITY TO PURCHASE A FULLY RENOVATED MULTI-FAMILY PROPERTY IN DOWNTOWN LAKE WORTH BEACH. EASY MAINTAINABLE BUILDING THAT INCLUDES COIN LAUNDRY ROOM THAT ADDS TO YOUR NET. PERFECT FOR A 1031 EXCHANGE OR FOR A FIRST TIME INVESTOR THAT WANTS TO GET INTO THE MARKET. THE AREA CURRENTLY HAS NO HOTELS SO THIS WOULD BE A GREAT AIRBNB OR VACATION DESTINATION PROPERTY. BRAND NEW COIN OPERATED SPEED QUEEN LAUNDRY EQUIPMENT. ALL TENANTS ARE ON YEARLY LEASES AND ALL SCREENED. PLEASE DONT DISTURB THE TENANTS.Welcome to the Downtown Five Apartments Homes at Lake Worth Beach! These fully renovated professionally managed apartment homes are Ideally located just 2 blocks to Publix Supermarket.

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    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 2020-05-29T00:02:00.643.
    www.westpalmhomesearch.com/homes/100889559

    501 N J Street Lake Worth Beach, FL 33460

    • Price: $798,500
    • Status: Active
    • ID#: RX-10577805
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    3,332
    SQFT
    $240
    $/SQFT
    1962
    Built
    Neighborhood:
    Lake Worth Town Of
    County:
    Palm Beach
    Area:
    Lake Worth Beach
    Property Description
    PRICED TO SELL! 7.13% Cap Rate! Seller will guarantee a couple of months rent! RARE OPPORTUNITY TO PURCHASE A FULLY RENOVATED MULTI-FAMILY PROPERTY IN DOWNTOWN LAKE WORTH BEACH. EASY MAINTAINABLE BUILDING THAT INCLUDES COIN LAUNDRY ROOM THAT ADDS TO YOUR NET. PERFECT FOR A 1031 EXCHANGE OR FOR A FIRST TIME INVESTOR THAT WANTS TO GET INTO THE MARKET. THE AREA CURRENTLY HAS NO HOTELS SO THIS WOULD BE A GREAT AIRBNB OR VACATION DESTINATION PROPERTY. BRAND NEW COIN OPERATED SPEED QUEEN LAUNDRY EQUIPMENT. ALL TENANTS ARE ON YEARLY LEASES AND ALL SCREENED. PLEASE DONT DISTURB THE TENANTS.Welcome to the Downtown Five Apartments Homes at Lake Worth Beach! These fully renovated professionally managed apartment homes are Ideally located just 2 blocks to Publix Supermarket.
    Exterior Features

    Miles To Beach 1 Roof Comp Shingle Waterfront YN No

    Interior Features

    Bath Toilets 5.00 Cooling CentralElectricWall-Win A/C Flooring Ceramic TileLaminateVinyl Floor Heating CentralElectric Percent Air Conditioned 100.00 Unit1 Full Baths 1 Unit1 Unit Desc 2 Bedroom Unit2 Full Baths 1 Unit2 Unit Desc 2 Bedroom Unit3 Full Baths 1 Unit3 Unit Desc 1 Bedroom Unit4 Full Baths 1 Unit4 Unit Desc 1 Bedroom Unit5 Full Baths 1 Unit5 Unit Desc 1 Bedroom

    Property Features

    Available Docs Aerial Available Info Full FinancialsPhotos Built Desc Resale Contingents Inspection Expenses Common Area Maint 1200.00 Expenses Insurance 5000.00 Expenses Real Estate Taxes 11430.00 Expenses Utilities 4200.00 Fire Protection Smoke Detector For Lease Yes For Sale Yes Lease Annual List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Monetary Info Gross Sched Income 80100.00 Monetary Info Net Oper Income 56965.00 Monetary Info Other Income 1800.00 Monetary Info Source Of Expenses Owner Monetary Info Total Expenses 20930.00 Monetary Info Vacancy Rate 4005.00 Possession At ClosingFunding Sale Includes EquipmentFixtures Tax Amount Real Estate Taxes 11430.00 Tax Year 2019 Tenant Pays CableElectric Tenants 5 Terms Considered CashConventionalExchange Type Of Building Resident. Multi-Fam. Unit1 Ann Rent 17940.00 Unit2 Ann Rent 17940.00 Unit3 Ann Rent 15540.00 Unit4 Ann Rent 14340.00 Unit5 Ann Rent 14340.00 Use Income Utilities CableElectricPublic Water

    Listing provided courtesy of Exit Realty Premier Elite. 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 2020-05-29T00:02:00.643.
     
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