605 S J St Active Save Request In-Person Tour Request Virtual Tour
Lake Worth,FL 33460
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $326
Subdivision Lake Worth Town Of
MLS Listing ID A11734209
Style Fourplex
Year Built 1921
Annual Tax Amount $12,847
Tax Year 2024
Property Sub-Type Quadruplex
Property Description
Fantastic investment opportunity! A 5-unit multifamily property, fully rented, priced below market value, offering the new owner a 15% upside on rent. Located in a high-density neighborhood with strong rental demand. Each unit has bright, spacious rooms. Plenty of parking available. The property includes 2 units with 2 beds/1 bath, 2 units with 1 bed/1 bath, and 1 rented garage. Income: $84,300, Expenses: $31,700, Cap Rate: 5.2%, Net Revenue: $52,591.
Don't miss this opportunity!
Location
State FL
County Palm Beach
Community Lake Worth Town Of
Area 4120
Interior
Heating Central
Cooling Central Air
Flooring Ceramic Tile
Exterior
Pool None
Utilities Available Cable Not Available
Roof Type Other
Building
Lot Description < 1/4 Acre
Story 1
Sewer Other
Structure Type Block
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11734209