Listed by CPRE Organization Inc
$2,095,000
4 Contiguous Parcels
Details
Property Type Land, Mixed Use
Sub Type Commercial
Square Footage 39,203
Net Rentable (SqFt) 3,116
Units 7
Cap Rate 6.64%
NOI $139,200
Occupancy 75%
Tenancy Multi
Price per SqFt $53
Class B
Year Built 1929-78
Year Renovated 2015
Buildings 5
Stories 1
Lot Size (SqFt) 8,425 - 14,080
Zoning Multiple
Investment Type Redevelopment
4 Contiguous Parcels
Marketing description
For the first time, this incredible assemblage of four contiguous parcels is available, covering almost
an entire city block in the highly sought-after College Park neighborhood of Lake Worth, east of I-95.
This unique offering includes:
3 Single-Family Homes
1 Duplex
1 Large Apartment Building
4-Car Garage
1 Vacant Lot
All units are currently occupied by long-term tenants, providing solid, consistent income.
Investment highlights
Here is the unique breakdown :
505 House 3/2. 1,061 SQFT @ $2,500/M
505 Apt. 1/ 1 500SQFT @ $1500/M
505 Apt. 2 1 /1 500SQFT @ $1,300/M
517 House 2/ 1 1,055SQFT @ $2000/M
517 Back Apt 1/1 650SQFT @$1,200/M
- 517 Garage 1/1 1,300SQFT @$1,500
- 525 House 3/2. 1,296SQFT $3000/M
Listing Contacts
Listed by CPRE Organization Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$139,200.00
$11,600.00/mo
Valuation Metrics
0
DSCR
6.64%
Cap Rate
6.64%
ROI
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