510 24th Avenue Lake Worth, FL 33460
UPDATED:  
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1400000
/mo

-1Bed

28Baths

-1SqFt

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Key Details

Property Type: Commercial

Listing Status: Active

Purchase Type: For Sale

Year Built: 1980

MLS Listing ID: RX-10581591

Subdivision: Karina Apts Condo

Construction Status: Resale

Property Description

These opportunities to earn this much money on an acquired rent roll don't come along very often. This package consists of a condominium portfolio of 14 units of a 36 unit complex, all currently rented and ready to go in a residential section of northern Lake Worth, Florida, just blocks from the West Palm Beach Canal. Cap Rate of approx 9.3% at current rents, returning more than $130,000 annually. Units are deeded individually as condominiums, but are offered exclusively as a package. Also, a low HOA fee, and the room to increase rents to reach a higher return, makes this a very desirable addition to a serious investor's portfolio.

Location

State: FL

County: Palm Beach

Area: 5430

Zoning: MF-20

Interior

Heating: Central Individual,Electric

Cooling: Central Individual,Electric

Flooring: Tile

Fireplaces Type: None

Exterior

Garage Spaces: 31920.0

Utilities Available: Cable,Electric,Public Sewer,Public Water

Waterfront: No

Waterfront Description: None

Roof Type: Comp Shingle

Building

Story: 100.00

Schools

Elementary Schools: West Gate Elementary School,Rolling Green Elementary School,Pine Grove Elementary School,West Riviera Elementary School,Highland Elementary School

Middle Schools: Pahokee Middle/Senior High School,Lake Worth Middle School

High Schools: Pahokee Middle/Senior High School,Lake Worth High School

School District: Palm Beach County School District

Others

Tax Amount: $16,571

Tax Year: 2019

Acceptable Financing: Cash,Conventional

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Listing Provided By Amy Stark Snook of Lang Realty - Boynton Beach

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Nearby School & Properties

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    Heavenly Hands Realty Heavenly Hands Realty, LLC
    Heavenly Hands Realty

    Broker/Owner BK 3344891

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