These opportunities to earn this much money on an acquired rent roll don't come along very often. This package consists of a condominium portfolio of 4 units of a 36 unit complex, However, there are 10 additional units available for a total of 14 units available, if an investor is seeking more units. All are currently rented and ready to go in a residential section of northern Lake Worth, Florida, just blocks from the West Palm Beach Canal. Cap Rate of approx. 7.0 % at current rents for the 4 units and 9% at current rents for all 14 units returning more than $126,000 annually. Units are deeded individually as condominiums, but are offered exclusively as a package. Each has individual electrical meters, etc., thus is the responsibility of each tenant. Also, this comes with a very low HOAwhich covers water, insurance and common-area maintenance, and ample room to increase rents to reach a higher return, which makes this a very desirable addition to a serious investor's portfolio.
510 24th Avenue N #204, 301, 406 And 603
Electric Available, 3-Phase Electric, Cable, Public Sewer, Public Water
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Listing information last updated on February 16th, 2020 at 7:52pm EST.