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1528 S Federal Highway , 1 Tru 16

Lake Worth, FL 33460
  • $2,400,000
  • STATUS: Active
  • ON SITE: 24 Days
  • MLS #: RX-10804273
UPDATED: 68 min ago
$2,400,000
  • 0
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,187
    SQFT
  • $388
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1990
County:
Area:

School Ratings & Info

Description

GREAT INCOME OPPORTUNITY IN THIS 2-STORY 16-UNIT + OFFICE MOTEL IN EAST LAKE WORTH ON S FEDERAL HWY. CONVENIENTLY OPERATED BY EXPERIENCED MANAGER. CLOSE TO THE BEACH AND JUST NORTH OF LANTANA. AREA. GREAT POTENTIAL FOR SHORT TERM RENTALS.ONSITE DELI/RESTAURANT IS NOT BEING RENTED OR OPERATED NOW BUT SOME KITCHEN FACILITIES/BATHS ARE IN PLACE SO ANOTHER SOURCE OF INCOME COULD BE ADDED.

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www.castellihomes.com/homes/129311995
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1528 S Federal Highway , 1 Tru 16 Lake Worth, FL 33460

  • Price: $2,400,000
  • Status: Active
  • On Site: 24 Days
  • Updated: 68 min ago
  • MLS #: RX-10804273
0
Beds
0
Baths
0
½ Baths
0.4
Acres
6,187
SQFT
$388
$/SQFT
1990
Built
Neighborhood:
Lake Worth Town of Add 1
County:
Palm Beach
Area:
Lake Worth
Property Description
GREAT INCOME OPPORTUNITY IN THIS 2-STORY 16-UNIT + OFFICE MOTEL IN EAST LAKE WORTH ON S FEDERAL HWY. CONVENIENTLY OPERATED BY EXPERIENCED MANAGER. CLOSE TO THE BEACH AND JUST NORTH OF LANTANA. AREA. GREAT POTENTIAL FOR SHORT TERM RENTALS.ONSITE DELI/RESTAURANT IS NOT BEING RENTED OR OPERATED NOW BUT SOME KITCHEN FACILITIES/BATHS ARE IN PLACE SO ANOTHER SOURCE OF INCOME COULD BE ADDED.
Exterior Features

Construction Cbs Roof Concrete TileS-Tile Waterfront YN No

Interior Features

Bath Toilets 18.00 Cooling Wall-Win A/C Flooring Ceramic TileWood Floor Heating Window/Wall Miscellaneous2 Pool Percent Air Conditioned 100.00

Property Features

Auction No Available Docs Occupational License Available Info Books & Records Built Desc Resale Expenses Insurance 3000.00 Expenses Maint And Repair 1200.00 Expenses Miscellaneous 6000.00 Expenses Real Estate Taxes 11523.00 Expenses Supplies 3600.00 Expenses Total Expenses 50656.00 Expenses Utilities 25733.00 Fire Protection Smoke AlarmSmoke Detector For Lease No For Sale Yes Lease None List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Meters 1.00 Monetary Info Gross Oper Income 287380.00 Monetary Info Net Oper Income 236724.00 Monetary Info Source Of Expenses Books Monetary Info Total Expenses 50656.00 Monetary Info Vacancy Rate 15.00 Possession At ClosingNegotiable Sale Includes Building And Land Tax Amount Real Estate Taxes 11524.00 Tax Year 2021 Tenant Pays None Terms Considered CashConventionalOwner Type Of Building Hotel / MotelIncome Use Hotel/ MotelIncomeOther Utilities CablePublic SewerPublic Water Zoning Mu-Fh(

Listing provided courtesy of Nextera Realty. Listing information © 2022 BeachesMLS
 
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