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33570916
33570917

1309 W Frangipani Circle, Lantana, FL 33462 For Sale

Richard Attenberg Real Estate LLC
Listed by Richard Attenberg Real Estate LLC
$579,000
1698 days on market
Updated 5 days ago

Commercial Size Garage/Storage plus Rented House

Details
APN 00434509110140300
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 2,210
Net Rentable (SqFt) 2,200
Units 2
Cap Rate 3.11%
NOI $18,000
Occupancy 50%
Lease Type Net
Lease Term 1
Lease Expiration 04/30/2022
Rent Bumps No
Lease Options 1
Pro-Forma Cap Rate 2.76%
Pro-Forma NOI $16,000
Price per SqFt $262
Broker Co-Op Yes
Class C
Year Built 1981
Year Renovated 2013
Buildings 2
Lot Size (SqFt) 10,230
Zoning RM
Parking Spaces 6 spaces
Parking per 1,000 SqFt 2.71
Investment Type Owner/User
Tenant Credit No Credit Rating
Lease Commencement 04/30/2021
Occupancy Date 11/30/2021
Ground Lease No
Ceiling Height 15

Multifamily | 2 Units | $289,500/unit

Marketing description

3 bedroom house up front with long term tenant and Huge Storage Garage with 14' bay door, office, restroom, great for Car collector, Boat or RV Storage, Equipment Storage, home based business. Buyer to verify all details, sq ft, zoning,
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Listing Contacts

Richard Attenberg Real Estate LLC
Listed by Richard Attenberg Real Estate LLC

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$18,000.00
$1,500.00/mo

Valuation Metrics

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DSCR
3.11%
Cap Rate
3.11%
ROI

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