Bought with Bowen Realty, Inc./WPB
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611 N Federal HWY Lake Worth, FL 33460
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Key Details
Sold Price $867,000
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Sold
Purchase Type For Sale
Subdivision Lake Worth Town Of
MLS Listing ID RX-10377895
Sold Date 02/07/18
Bedrooms 4
Full Baths 4
Construction Status Resale
HOA Y/N No
Abv Grd Liv Area 16
Year Built 1952
Annual Tax Amount $9,714
Tax Year 2016
Lot Size 0.299 Acres
Property Description
Proforma Cap Rate of 7.7%. Grasp the opportunity to own an 8 unit complex in Lake Worth, FL, where property values have been increasing at a rate that is among the highest in Palm Beach County. Within walking distance of Downtown Lake Worth and Publix, and a short drive to Palm Beach State College, JFK Medical Center, and public/private schools. Units have been improved with upgraded kitchens (granite countertops and black appliances), tile flooring, and fresh paint. Enclosed private courtyard and 9 total parking spaces.
Location
State FL
County Palm Beach
Area 5620
Zoning PO/MF-
Interior
Heating No Heat
Cooling Wall-Win A/C
Flooring Tile
Exterior
Exterior Feature Fence
Utilities Available Electric
Amenities Available Common Laundry
Waterfront Description None
Roof Type Barrel
Private Pool No
Building
Lot Description 1/4 to 1/2 Acre
Story 1.0
Foundation CBS
Construction Status Resale
Others
Senior Community No Hopa
Restrictions None
Acceptable Financing Assumable-Qualify, Cash, Conventional
Listing Terms Assumable-Qualify, Cash, Conventional
Financing Assumable-Qualify,Cash,Conventional
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