Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1949
Sq.Footage
1,008
The current NOI is $53,548 with a 7.65% CAP rate. Build 6 additional units, which will increase the total revenue to $206,500 and the NOI to $185,400, at a total cost of $1,901,500, resulting in a cap rate of 9.75%. Alternatively, you could purchase the property and convert the entire project into 11 units. Discover the potential of this rare 1.25-acre parcel, zoned RM (Multi-Family, Medium Density) and located in an unincorporated area. The site may accommodate up to 11 residential units—a prime opportunity for developers or investors seeking a strong growth prospect. Enjoy a strategic location just minutes from I-95, the Florida Turnpike, and a variety of shopping, dining, schools, and employment hubs..
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Electric
-
Heating YN
NO
-
Heating
None
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block
-
Other Exterior Features
None
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
1.25
-
Property Type
Residential Income
-
Property Sub Type
Duplex
Price
-
Sales Price
$680,000
-
Tax Amount
$5,269.83
-
Sq. Footage
1, 008
-
Price/SqFt
$674
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Association Amenities
None
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Water Source
Public
Schedule a Showing
Showing scheduled successfully.
Mortgage calculator
Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
Your payment
Principal and Interest:
$
Property taxes:
$
HOA fees:
$
Total loan payment:
$
Total interest amount:
$
Location
County
Palm Beach
Elementary School
Middle School
High School
Listing Courtesy of John A Diaz , KW Reserve Business Brokerage LLC
RealHub 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. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
FOUNDER
Hals Blanc
Call Hals today to schedule a private showing.
* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Related Properties
Lake Worth
4411 Maine Street
None Beds
None Baths
2,112 Sq.Ft.
$737,000
MLS#: R11157417
Lake Worth
4170 Sussex Avenue
None Beds
None Baths
1,427 Sq.Ft.
$585,000
MLS#: R11155731
Lake Worth
4891 Carver Street
None Beds
None Baths
1,728 Sq.Ft.
$549,000
MLS#: R11153605
Lake Worth
4154 Narcissus Avenue
None Beds
None Baths
2,520 Sq.Ft.
$700,000
MLS#: R11151785
Lake Worth
4562 &4588 Davis Road
None Beds
None Baths
3,644 Sq.Ft.
$795,000
MLS#: R11150849
Lake Worth
3910 Holden Lane
None Beds
None Baths
1,643 Sq.Ft.
$555,000
MLS#: R11148822
Lake Worth
4363 Lakewood Road A
None Beds
None Baths
2,520 Sq.Ft.
$750,000
MLS#: R11133929
