Bought with Brokers, LLC
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Key Details
Sold Price $515,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,608 sqft
Price per Sqft $320
Subdivision Lake Worth Town Of
MLS Listing ID RX-10678937
Sold Date 03/29/21
Bedrooms 2
Full Baths 3
Construction Status Resale
HOA Y/N No
Abv Grd Liv Area 16
Year Built 1928
Annual Tax Amount $5,344
Tax Year 2020
Lot Size 6,750 Sqft
Property Description
One of a kind opportunity just 3 blocks from Lake Ave, 4 blocks to the intracoastal and Bryant Park, this area of Federal Highway is desirable with newer built townhomes just down the road. The building is well maintained and offers almost 10% cap rate. Always rented, the existing tenants are month to month and all would like to remain. The 2/1 is upstairs with an exterior stairway, the two 1/1 units down, with kitchen & living room. Shared coin laundry which nets landlord add'l income, paved parking, plus a huge shady fenced courtyard with firepit and picnic areas. Individually metered, tenants pay electric, landlord covers water and gas. This extra deep lot allows for construction of another bldg. A perfect vacation rental with walking distance to downtown hot spots & bike to the beach
Location
State FL
County Palm Beach
Area 5610
Zoning MU-FH(
Interior
Heating No Heat
Cooling Wall-Win A/C
Flooring Ceramic Tile
Exterior
Exterior Feature Exterior W/D Hookup, Fence, Room for Pool, Shutters
Community Features Sold As-Is
Utilities Available Gas Natural, Public Sewer, Public Water
Amenities Available None
Waterfront No
Waterfront Description None
Roof Type Comp Shingle
Present Use Sold As-Is
Parking Type Open Parking
Private Pool No
Building
Lot Description < 1/4 Acre, East of US-1
Story 2.0
Foundation Frame, Stucco
Construction Status Resale
Others
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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