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1415 N J 1 Street N , #1

Lake Worth, FL 33460
  • $1,200,000
  • STATUS: Active
  • ON SITE: 9 Days
  • MLS #: RX-10822660
UPDATED: 60 min ago
$1,200,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,494
    SQFT
  • $267
    $/SQFT
Type:
Commercial
Built:
1966
County:
Area:

School Ratings & Info

Description

IMMEDIATE INCOME GENERATING INVESTMENT PROPERTY WITH NINE UNITS of Multifamily on two ADJACENT Properties! Sale consists of three buildings on two parcels: 1415 North J Street $1,200,000 & 1407 N J Street for $650,000 (RX-10821323) as one offering for $1,850,0001415 Has six (6) 2 bed/1 bath units and 1407 has three (3) 1 bed/1 bath units in the heart of Lake Worth near the beach just off of LAKE and DIXIE.Constructed of solid CBS, these buildings are in great shape with 3 year old roofs, several recently renovated units, private backyards and happy tenants. Located in a highly desirable section of Lake Worth, close to Public transportation and shopping. 80% Occupied with lots of room for rents to increase.

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www.jackcodengroup.com/homes/131912241
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1415 N J 1 Street N , #1 Lake Worth, FL 33460

  • Price: $1,200,000
  • Status: Active
  • On Site: 9 Days
  • Updated: 60 min ago
  • MLS #: RX-10822660
0
Beds
0
Baths
0
½ Baths
0.22
Acres
4,494
SQFT
$267
$/SQFT
1966
Built
Neighborhood:
North Lake Worth In Pb 5 Pgs 48 & 49
County:
Palm Beach
Area:
Lake Worth
Property Description
IMMEDIATE INCOME GENERATING INVESTMENT PROPERTY WITH NINE UNITS of Multifamily on two ADJACENT Properties! Sale consists of three buildings on two parcels: 1415 North J Street $1,200,000 & 1407 N J Street for $650,000 (RX-10821323) as one offering for $1,850,0001415 Has six (6) 2 bed/1 bath units and 1407 has three (3) 1 bed/1 bath units in the heart of Lake Worth near the beach just off of LAKE and DIXIE.Constructed of solid CBS, these buildings are in great shape with 3 year old roofs, several recently renovated units, private backyards and happy tenants. Located in a highly desirable section of Lake Worth, close to Public transportation and shopping. 80% Occupied with lots of room for rents to increase.
Exterior Features

Construction Cbs Roof Comp Shingle Waterfront Description None Waterfront YN No

Interior Features

Bath Toilets 6.00 Ceiling Sheet Rock Cooling Wall-Win A/C Door Height 80 Flooring Ceramic Tile Heating Window/Wall Miscellaneous1 Landscaped Miscellaneous2 Outside Storage Percent Air Conditioned 100.00 Unit1 Unit Desc 2 Bedroom Unit2 Full Baths 1 Unit2 Unit Desc 2 Bedroom Unit3 Full Baths 1 Unit3 Unit Desc 2 Bedroom Unit4 Full Baths 1 Unit4 Unit Desc 2 Bedroom Unit5 Full Baths 1 Unit5 Unit Desc 2 Bedroom Unit6 Unit Desc 2 Bedroom

Property Features

Ann Assoc Condo Dues 0.00 Auction No Available Docs None Available Info Books & RecordsCopies Of Lease Expenses Insurance 3200.00 Expenses Maint And Repair 1000.00 Expenses Miscellaneous 2008.00 Expenses Real Estate Taxes 13888.00 Expenses Total Expenses 24416.00 Expenses Utilities 4320.00 Fire Protection Smoke Detector For Lease No For Sale Yes Lease AnnualMonth To Month List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Location Beach AreaCentral Business DstCity Maintenance Fee Includes Air/Heat MaintenanceInsurance-BldgMaintenance-ExteriorReal Estate TaxSewerWater Meters 6.00 Monetary Info Gross Sched Income 99900.00 Monetary Info Net Oper Income 76480.00 Monetary Info Source Of Expenses Books Monetary Info Total Expenses 24416.00 Possession At Closing Sale Includes Building And LandFixtures Security FenceGate - Unmanned Special Info Presently Leased Tax Amount Real Estate Taxes 13888.00 Tax Year 2021 Tenant Pays CableElectric Tenants 6 Terms Considered CashConventional Type Of Building Free StandingIncomeResident. Multi-Fam. Unit1 Ann Rent 1200.00 Unit1 Rent Period Month Unit1 Units 1 Unit2 Ann Rent 1400.00 Unit2 Rent Period Month Unit3 Ann Rent 1600.00 Unit3 Units 1 Unit4 Ann Rent 1400.00 Unit4 Rent Period Month Unit4 Units 1 Unit5 Ann Rent 1400.00 Unit5 Units 1 Unit6 Ann Rent 1325.00 Unit6 Rent Period Month Unit6 Units 1 Use Income Utilities ElectricLake Worth Drain DstMunicipal WaterPublic SewerPublic WaterSeparate Meter Zoning Sf-Tf-14

Listing provided courtesy of Engel & Voelkers Delray Beach. Listing information © 2022 BeachesMLS
 
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