This 5 Unit Income Property in Trendy Lake Worth Beach, great potential! Rents are WAY below market value! Currently run at a 6% CAP rate but super easy to convert to a 10% ROI. Detached Garage could house coin operated laundry facilities and increase income! One apt is very large with 2 bedrooms and 2 bathrooms, central air. Owner may choose to occupy and rent other 4 units. It is app 1 mile to 1-95, 10 blocks from downtown Lake Worth Beach, a few blocks from Lake Worth golf course and the Beach. Nice area with side walks & street lights. Also 2 blocks from Dixie Highway with bus routes for tenants etc.
Listing Agent: Anton Avilez Courtesy of: Higher Standards Real Estate All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2021 Beaches Multiple Listing Service, Inc. Updated: 7th December, 2021 5:52 AM
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