Listed by LPT Realty
$949,000
Mango Groves Apartments
Details
APN 38-43-44-21-15-242-0010
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,304
Net Rentable (SqFt) 2,144
Units 4
Cap Rate 5.95%
NOI $56,463
Occupancy 75%
Pro-Forma Cap Rate 6.52%
Pro-Forma NOI $61,863
Price per SqFt $412
Broker Co-Op Yes
Class B
Year Built 1950
Year Renovated 2014
Buildings 2
Stories 1
Lot Size (SqFt) 6,750
Zoning SF-TF-14—SINGLE-FAM/TWO-FAM RESIDENTIAL
Parking Spaces 3 spaces
Parking Per SqFt 1.30
Multifamily | 4 Units | $237,250/unit
Marketing description
4 unit multi family property in the city of Lake Worth Beach. Property consists of 2 separate CBS buildings made up of one 2 bedroom 1 bath unit, two 1 bedroom 1 bath units and one efficiency. Both buildings have been renovated and have newer roofs, impact windows & doors, updated kitchens, baths and central a/c systems. There are 3 off street parking spaces and a washer and dryer on site. Units feature full kitchens, terrazzo floors, granite countertops, stainless appliances, tiled bathrooms and central air. Perfect for an owner occupant, rental business or multifamily investment.
Listing Contacts
Listed by LPT Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$56,463.00
$4,705.25/mo
Valuation Metrics
0
DSCR
5.95%
Cap Rate
5.95%
ROI
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