Listed by Partnership Realty Inc
$2,200,000
Details
Property Type Multifamily
Sub Type Apartment Building
Units 22
Cap Rate 8.00%
Class B
Multi-family
Investment highlights
Twenty two units total in lake worth beach, florida.
Consisting of twelve one bedroom one bath
And ten two bedroom one bath. Is owner pays water and sewer, tenant pays electric.
Roofs are in good shape.
Live in manager in one of the units.
All units are rented slightly under rent for the going market so there is room for upside.
The properties exterior and interior are all in good shape and do not need much work at all.
Insurance is approximately fifteen hundred dollars per year per door.
The annual taxes at the new purchase price will be approximately seventy two thousand dollars per year.
The current performance will be approximately six plus CAP. The projected performer will be approximately seven plus, CAP.
Listing Contacts
Listed by Partnership Realty Inc
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