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1751 4th Avenue N

Lake Worth Beach, FL 33460
  • $550,000
  • STATUS: Active
  • ON SITE: 102 Days
  • MLS #: RX-10784487
$550,000
  • 0
    BEDS
  • 0.31
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,795
    SQFT
  • $306
    $/SQFT
Type:
Multi-Family
Built:
1947
County:

School Ratings & Info

Description

Cash Flow PLUS Development Opportunity. This parcel includes a 2 Bed, 2 Bath detached home with finished garage and a separate duplex featuring two 1 Bed, 1 Bath units. All units occupied and generating rents of $3,900 per month (opportunity to increase). Separately metered for electric. Low maintenance buildings and property. All unit interiors updated within past 3 years. Both Buildings (3 Units) are situated on a .3053 Acre site with MF-20 Zoning. Property must be purchased as a package with adjacent 1755 4th Ave N (Rx-10784492). Combined parcel size of .61 Acre, 5 units and 3 buildings, $6,950 per month of rents. Great redevelopment opportunity for additional density or hold and cash-flow as-is.

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www.castellihomes.com/homes/126788878
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1751 4th Avenue N Lake Worth Beach, FL 33460

  • Price: $550,000
  • Status: Active
  • On Site: 102 Days
  • MLS #: RX-10784487
0
Beds
0
Baths
0
½ Baths
0.31
Acres
1,795
SQFT
$306
$/SQFT
1947
Built
Neighborhood:
S/D Of 21-44-43, W 1/2 In
County:
Palm Beach
Area:
Lake Worth Beach
Property Description
Cash Flow PLUS Development Opportunity. This parcel includes a 2 Bed, 2 Bath detached home with finished garage and a separate duplex featuring two 1 Bed, 1 Bath units. All units occupied and generating rents of $3,900 per month (opportunity to increase). Separately metered for electric. Low maintenance buildings and property. All unit interiors updated within past 3 years. Both Buildings (3 Units) are situated on a .3053 Acre site with MF-20 Zoning. Property must be purchased as a package with adjacent 1755 4th Ave N (Rx-10784492). Combined parcel size of .61 Acre, 5 units and 3 buildings, $6,950 per month of rents. Great redevelopment opportunity for additional density or hold and cash-flow as-is.
Exterior Features

Carport Spaces 0.00 Construction CbsFrameStucco Exterior Features Auto Sprinkler Lot Description 1/4 To 1/2 Acre Lot Dimensions 50.0 Ft X 266.0 Ft Private Pool YN No Roof Comp Shingle Unit1 Parking Open Parking Unit2 Parking Open Parking Unit3 Parking Open Parking Waterfront Description None Waterfront YN No

Interior Features

Cooling CentralWall-Win A/C Flooring Vinyl Floor Heating CentralWindow/Wall Unit1 Bedrooms 2 Unit1 Desc A/C UnitElectric MeterKitchenRange - ElectricRefrigerator Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 856 Unit2 Bedrooms 1 Unit2 Desc A/C UnitElectric MeterRange - ElectricRefrigerator Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 600 Unit3 Bedrooms 1 Unit3 Desc A/C UnitElectric MeterKitchenRange - ElectricRefrigerator Unit3 Full Baths 1 Unit3 Furnished No Unit3 Sq Ft 300 Unit4 Furnished No Unit4 Sq Ft 0 Window Treatments Blinds

Property Features

Annual Net Operating Income 31291.00 Annual Total Expenses 15509.00 Auction No Available Info Deposit Last MonthDeposit SecurityLeases Built Desc Resale Gated Community No Gross Operating Income 46800.00 Hoa Fee Per Month 0.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Multifamily Type Triplex Possession At ClosingFunding REO No Restrictions None Separate Electric Meters Yes Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Proforma Special Assessment No Special Info Corporate OwnedSold As-Is Sq Ft Total 2106.00 Subdivision Amenities None Tax Amount 6108.88 Tax Year 2021 Taxes City/County Tenant Pays CableElectric Terms Considered CashConventional Unit1 Lease Ends 2022-01-31 Unit1 Monthly Income 1500.00 Unit2 Lease Ends 2022-11-30 Unit2 Monthly Income 1450.00 Unit3 Lease Ends 2021-02-28 Unit3 Monthly Income 950.00 Unit4 Monthly Income 0.00 Utilities CableElectricPublic SewerPublic Water Zoning Mf-20(

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