301 S M St, Lake Worth, FL 33460

$1,500,000
List Price
$1,500,000
Days on Market
4
MLS#
A11261369
Year Built
1925
Lot Size
10,123
Acres
0.23
Building Name
301

Property Description

Minutes from downtown Lake Worth and Lake Worth Beach, this turn-key property is a rare investment opportunity for any investor looking to add a cash-flowing multi-family property to their portfolio. At present, this property, fully leased to tenants all current with their leases, is in a unique position because of its outstanding location, its potential for increased income, and the ability to assume a mortgage at just 4.5%. Featuring attractive amenities including an on-site laundry room (currently free for tenants), the quaint floor plans will continue to attract high-income, long-term tenants in this high-demand rental area. Space for an additional income generating structure i.e. parking lot, accessory dwelling, etc. Units can be used for Airbnb/short-term rentals.

Additional Information

Taxes
$14,340
Community Features
Not Found
Property Description
Commercial
Zoning
SF-R (ci
Heating
Central Individual A/C
Air Conditioning
Central Individual A/C
Exterior Construction
Concrete Block Construction

Listing courtesy of Keller Williams Central.

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Calculator source: Real Geeks