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711 S N Street

Lake Worth, FL 33460
  • $795,000
  • STATUS: Active
  • ON SITE: 170 Days
  • MLS #: RX-10918463
UPDATED: 206 min ago
$795,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,958
    SQFT
  • $406
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1926
County:
Area:

School Ratings & Info

Description

Beautiful triplex with a higher level of finishing than the usual multifamily property in Lake Worth. Property consists of 1 unit with 1 bedroom/ 1 bathrooms, 1 unit with 2 bedrooms/ 1 bathroom and 1 studio with bathroom.The property is highly finished and comes fully furnished, which makes this an amazing turnkey rental property for short-term and long-term rentals. The location is amazing: less than 1 mile to Downtown Lake Worth, a couple of blocks away from the Intercoastal and 1 mile away from the I95. Property generated a rental revenue of $84,949 over the last 10 months (nov. '22 - aug '23) and is estimated to bring in $104,800 per year (pro forma).Property stands out thanks to its location, high finishes, beautiful volumes inside and the versatile layouts of the units.

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www.billeroproperties.com/homes/143276113
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711 S N Street Lake Worth, FL 33460

  • Price: $795,000
  • Status: Active
  • On Site: 170 Days
  • Updated: 206 min ago
  • MLS #: RX-10918463
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1,958
SQFT
$406
$/SQFT
1926
Built
Neighborhood:
Lake Worth Town Of Add
County:
Palm Beach
Area:
Lake Worth
Property Description
Beautiful triplex with a higher level of finishing than the usual multifamily property in Lake Worth. Property consists of 1 unit with 1 bedroom/ 1 bathrooms, 1 unit with 2 bedrooms/ 1 bathroom and 1 studio with bathroom.The property is highly finished and comes fully furnished, which makes this an amazing turnkey rental property for short-term and long-term rentals. The location is amazing: less than 1 mile to Downtown Lake Worth, a couple of blocks away from the Intercoastal and 1 mile away from the I95. Property generated a rental revenue of $84,949 over the last 10 months (nov. '22 - aug '23) and is estimated to bring in $104,800 per year (pro forma).Property stands out thanks to its location, high finishes, beautiful volumes inside and the versatile layouts of the units.
Exterior Features

Carport Spaces 0.00 Construction Aluminum SidingFrame Exterior Features None Lot Description < 1/4 AcreEast of US-1 Lot Dimensions 50ft x 125ft Private Pool YN No Roof Comp Shingle Unit1 Parking Open Parking Unit2 Parking Open Parking Unit3 Parking Open Parking Waterfront Description None Waterfront YN No

Interior Features

Cooling Central Flooring LaminateVinyl FloorWood Floor Heating Central Unit1 Bedrooms 2 Unit1 Desc A/C UnitBuilt-in ShelvesDishwasherKitchenMicrowaveRefrigerator Unit1 Full Baths 1 Unit1 Furnished Yes Unit1 Sq Ft 0 Unit2 Bedrooms 1 Unit2 Desc A/C UnitBuilt-in ShelvesDishwasherKitchenMicrowaveRefrigeratorWasher Unit2 Full Baths 1 Unit2 Furnished Yes Unit2 Sq Ft 0 Unit3 Bedrooms 0 Unit3 Desc A/C UnitBuilt-in ShelvesDishwasherKitchenMicrowaveRefrigerator Unit3 Full Baths 1 Unit3 Sq Ft 0

Property Features

Annual Net Operating Income 87292.72 Annual Total Expenses 8706.96 Auction No Available Info None Built Desc Resale Gated Community No Gross Operating Income 104800.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association of the Palm Beaches (RAPB) Multifamily Type Triplex Possession At Closing REO No Restrictions None Separate Electric Meters Yes Separate Water Meters Yes Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Proforma Sq Ft Total 1958.00 Subdivision Amenities None Tax Amount 7333.50 Tax Year 2022 Taxes City/County Tenant Pays None Terms Considered CashConventionalFHA Unit1 Monthly Income 2633.00 Unit2 Monthly Income 3341.00 Unit3 Monthly Income 2167.00 Utilities Public SewerPublic Water Zoning SF-R (city)/SIN

Listing provided courtesy of Kw Reserve Palm Beach: . Listing information © 2024 BeachesMLS
 
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