$1,695,000 Price Analysis   ♡   Lake Worth, FL 33461 9 bed 4 bath 5,880 SqFt ($288/SqFt) 0.86 acre lot. Built 1979 Listed 2024-06-18, Taxes $13,260 | Ⓧ USDA Ineligible due to price & location near Lake Worth |
Investment Opportunity!
Excellent opportunity to acquire a strong cash flowing multifamily asset that is 100% occupied and priced at a 7.29% cap rate. Property conssts of (3) duplexes for a total of 6 units on almost an acre of land. Each unit has a similar floor plan comprised of 3 bedrooms and 1 full bath.
Upgrades vary by unit and include impact sliders/windows, new ACs (in 4 of 6 units), updated bathrooms/ kitchens, new tile flooring, fresh paint, etc. The exterior was paint ed, landscaped, offers plenty of parking and new exterior lighting. Attached is a brochure with more details.
Presented by Daniel DeRogatis at
RE/MAX Direct.
Property MLS #RX-10997031 from BeachesMLSFlex
Heating Features: Central, Electric
Lot Size Acres: 0.8600092
Lot Size Square Feet: 37462
Association Fee Frequency: Monthly
Calculated Total Monthly Association Fees: 0
High School: Lake Worth High School
Middle School: Lake Worth Community Middle
Map directions Map directions Map directions Map directionsTenant Pays: Cable, Electric
Bedrooms in Unit-1: 3
Bedrooms in Unit-3: 3
Bedrooms in Unit-4: 3
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Unit-1 Description: Kitchen
Unit-1 Furnished Description: No
Unit-2 Furnished Description: No
Unit-3 Furnished Description: No
Unit-4 Furnished Description: No
Unit-1 Square Feet: 980
Unit-2 Square Feet: 980
Unit-3 Square Feet: 980
Unit-4 Square Feet: 980
Source Listing Status: Active
County: Palm Beach
Directions: Located south off Lake Worth Road between Military Trail and Congress Ave. From Lake Worth Road turn south onto Herbertz Road. The destination will be on your right side.
Tax Year: 2023
Source Property Type: Residential Income
Area: 5700
List Development Name: Palm Beach Farms
Source Neighborhood: PALM BEACH FARMS CO 7
Subdivision: PALM BEACH FARMS CO 7
Zoning: RM
Property Subtype: Quad Plex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $538,808 | $13,260 |
| 2021 | $unknown + $unknown $489,825 | $11,943 |
| 2020 | $unknown + $unknown $445,295 | $11,851 |
| 2019 | $unknown + $unknown $404,814 | $11,716 |
| 2018 | $unknown + $unknown $368,013 | $9,941 |
| 2017 | $unknown + $unknown $334,557 | $8,645 |
| 2016 | $unknown + $unknown $304,143 | $7,776 |
| 2015 | $unknown + $unknown $276,494 | $7,448 |
| 2014 | $unknown + $unknown $251,358 | $6,747 |
| 2013 | $unknown + $unknown $228,507 | $6,008 |
| 2012 | $unknown + $unknown $222,570 | $5,901 |
| 2011 | $unknown + $unknown $222,570 | $5,998 |
| 2010 | $unknown + $unknown $296,989 | $7,451 |
| 2008 | $unknown + $unknown $361,751 | $10,022 |
| 2007 | $unknown + $unknown $571,968 | $10,579 |
$1,695,000
BeachesMLSFlex
Listing removed 2024-05-04
$0
BeachesMLSFlex
Price Changed 2024-03-21
$1,899,700
BeachesMLSFlex
Price Changed 2024-01-07
$1,999,700
BeachesMLSFlex
Listed 2023-09-10
$2,100,000
BeachesMLSFlex
Sold 2022-03-31
$1,250,000
BeachesMLSFlex
Listed 2022-02-23
$1,250,000
BeachesMLSFlex
Sold 2006-06-12
$600,000
Public Record
Operating Expense: 35886.00
Year Built: 1979
Construction Materials: CBS, Concrete
Living Area Source: Tax Rolls
Property Age: 45
Property Condition: Resale
Roof: Comp Shingle
Levels or Stories: 1.0
Structure Type: Duplex
Total Area Sqft: 5880
Year Built Details: Resale
Electric
Public Water
Septic
Water Source: Public Water
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.