510 24th Avenue N #204, 301, 406 And 603, Lake Worth Property Listing: MLS® #RX-10584237
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Amy Snook PA

REALTORS®

  • Office 561-340-1200
  • Cell 561-571-2289
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510 24th Avenue N #204, 301, 406 And 603, Lake Worth, FL – $400,000

  • $400k Price
  • 6 Beds
  • 10 Baths
  • 782 Sqft
  • $400k Price
  • 6 Beds
  • 10 Baths
  • 782 Sqft

510 24th Avenue N #204, 301, 406 And 603

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.

Essential Information

  • MLS® #RX-10584237
  • Price$400,000
  • Bedrooms6
  • Bathrooms10.00
  • Full Baths8
  • Half Baths2
  • Square Footage782
  • Acres0.00
  • Year Built1980
  • TypeMulti-Family
  • Sub-TypeQuad Plex
  • StyleNo
  • StatusActive

Community Information

  • Area5430
  • SubdivisionKARINA APTS CONDO
  • CityLake Worth
  • CountyPalm Beach
  • StateFL
  • Zip Code33460

Address

510 24th Avenue N #204, 301, 406 And 603

Amenities

  • ViewOther
  • WaterfrontNone

Utilities

Electric Available, 3-Phase Electric, Cable, Public Sewer, Public Water

Interior

  • HeatingCentral Individual, Electric
  • CoolingCentral Individual, Electric
  • # of Stories2

Exterior

  • Exterior FeaturesNone
  • Lot DescriptionPaved Road
  • RoofComp Shingle
  • ConstructionCBS

School Information

  • ElementaryNorth Grade Elementary School
  • MiddleLake Worth Community Middle
  • HighLake Worth High School

Additional Information

  • ZoningMF-20
  • HOA Fees760.00

Listing Details

  • OfficeLang Realty - Boynton Beach
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Price Change History for 510 24th Avenue N #204, 301, 406 And 603, Lake Worth, FL (MLS® #RX-10584237)

Date Details Change
Status Changed from New to Active

All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2020 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed.
© 2020 Beaches Multiple Listing Service, Inc. All rights reserved.

Listing information last updated on February 16th, 2020 at 7:52pm EST.

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