$ 2,250,000
Address not disclosed Lake Worth, FL 33460
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$ 2,250,000
Est. payment | /mo
5,286 SqFt
$ 2,250,000
Est. payment | /mo
5,286 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,286 sqft
Price per Sqft $425
MLS Listing ID A11611108
HOA Y/N No
Year Built 1990
Annual Tax Amount $22,680
Lot Size 0.308 Acres
Property Description
Casa Loma is an excellent 2-story concrete block boutique apartment building with 14 units in Lake Worth Beach. Built in 1990, the property has been recently renovated with a brand-new roof, impact windows and doors, new signage, security cameras, and more. All unit interiors have been renovated with stainless steel appliances, granite countertops, porcelain flooring, window blinds, and modern kitchen cabinets. In addition, current ownership has recently installed 12 new Mitsubishi mini-split AC units in 12 of the units.
The property provides a new owner the flexibility to operate short-term or long-term leases as it comes with a transient license. The property has been historically operating at or near 100% occupancies with effective rents of $1,678 per unit.
The property provides a new owner the flexibility to operate short-term or long-term leases as it comes with a transient license. The property has been historically operating at or near 100% occupancies with effective rents of $1,678 per unit.
Location
State FL
County Palm Beach
Area 5640
Exterior
Total Parking Spaces 15
Building
Story 2
Level or Stories Two
Structure Type Block
Others
Tax ID 38434427010480090
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by CBRE, Inc.
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