Lake Worth, FL 33460,1010 S N ST 101
Lake Worth, FL 33460,1010 S N ST 101
Lake Worth, FL 33460,1010 S N ST 101
Lake Worth, FL 33460,1010 S N ST 101
Lake Worth, FL 33460,1010 S N ST 101
Lake Worth, FL 33460,1010 S N ST 101
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Listed by Coastal Real Estate Co
Bought with Fidelity Real Estate Group LLC

$1,600,000

$1,800,000

11.1%
Est.Price: ?

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Est. payment /mo

14 Baths

7,568 SqFt


SOLD DATE : 12/01/2022

Key Details

Sold Price $1,600,000

Property Type Commercial

Sub Type MultiFamily (5+ Units)

Listing Status Sold

Purchase Type For Sale

Square Footage 7,568 sqft

Price per Sqft $211

Subdivision Lake Worth Town Of Add 1

MLS Listing ID RX-10780122

Sold Date 12/01/22

Year Built 1984

Annual Tax Amount $19,909

Tax Year 2021

Lot Size 0.310 Acres

Property Description

8 Unit apartment building with a community pool in East Lake Worth. There are 6 two bedroom/2 bath apartments & 2 one bedroom, one bath apartments. Each unit has separate meters. Buyer MUST be willing to buy with the current tenant in place until November 2026.Tenant has option for 2 additional 5 year terms. Being sold with tenant in place on 5 year NNN leases at $120k/year. 3% rent escalation per year. Tenant pays ALL expenses, capital expenditures, taxes, and insurance. 6% estimated CAP rate going up as rent escalation goes up. Showings need to be scheduled around tenants.

Location

State FL

County Palm Beach

Area 5610

Zoning SF-R(c

Interior

Heating Central

Cooling Central

Flooring Other

Fireplaces Type Smoke Detector

Exterior

Utilities Available Cable, Electric, Public Sewer, Public Water, Separate Meter

Roof Type Comp Rolled

Building

Story 100.00

Others

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

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