PROPERTY Address Not Provided, MLS#RX-11071652

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PRICED AT ONLY: $3,680,000

Address: Address Not Provided

Description

Boutique 16 Unit Multifamily Jewel available in East Lake Worth Beach FL. 100% Occupied, current 7.52% Cap Rate, Cash Cow!! Property features 16 meticulously maintained, highly desirable, large 1 bedroom 1 bath units and a bonus 2 bedroom 1 Bath in one of South Florida's most sought after rental markets. 925 S K is poised to deliver consistent and reliable cash flow, ease of management, and significant upside for years to come. Built with durable concrete block/stucco, this property combines robust construction with modern upgrades and minimal deferred maintenance. The roof, replaced less than six years ago, ensures peace of mind for investors. Located in thriving East Lake Worth Beach, this area is a favorite among renters and a proven winner for investors seeking stability and growth.

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Description

Features

Bedrooms / Bathrooms

Num Toilets: 17

Building and Construction

Absolute Longitude: 80.056477

Construction: CBS, Concrete

Flooring: Tile

Roof: Comp Shingle

Sqft Source: Tax Rolls

Total Number Of Units: 16

Total Building Sqft: 8560.00

Type Of Building: Resident. Multi-Fam.

Property Information

Property Desc: 16 Unit Building

Property Group Id: 19990816212135227274000000

Eco-Communities

Waterfront Details: None

Utilities

Air Conditioned: 100.00

Cooling: Other

Fire Protect: Smoke Detector

Heating: Other

Number Of Meters: 17.00

Num Of Stories: 2.0

Security: Fence, Security Sys-Owned, TV Camera

Utilities: Electric, Public Sewer, Public Water, Separate Meter

Finance and Tax Information

Expenses Insurance: 10800.00

Expenses Maint Repair: 4800.00

Expenses Miscellaneous: 1400.00

Expenses R E Taxes: 40543.00

Expenses Total Expenses: 71943.00

Expenses Utilities: 14400.00

Tax Year: 2024

Rental Information

Tenant Pays: Electric

Other Features

Avail Docs: Survey

Avail Info: Copies of Lease, Existing Survey

Country: United States

Legal Desc: ADD 1 TO TOWN OF LAKE WORTH LTS 15 & 16 BLK 26

Parcel Id: 38434427010260150

Sale Includes: Building and Land, Equipment, Fixtures

Special Info: None

Use: Income

Views: 19

Zoning: SF-R(c

Nearby Subdivisions

Lake Worth Town Of Lake Worth Town Of Add 1 North Lake Worth

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Broker IDX Sites Inc.
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750.420.3943
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Wade M. Berlin

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