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1755 4th Avenue N

Lake Worth Beach, FL 33460
  • $450,000
  • STATUS: Active
  • ON SITE: 99 Days
  • MLS #: RX-10784492
UPDATED: 44 min ago
$450,000
  • 0
    BEDS
  • 0.31
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,010
    SQFT
  • $446
    $/SQFT
Type:
Multi-Family
Built:
1958
County:

School Ratings & Info

Description

Cash Flow PLUS Development Opportunity. This parcel features a CB Duplex with a 2 bed 2 bath unit and a 1 bed 1 bath unit. Both units occupied and generating rents of $3,050 per month with new leases. Separately metered for electric and paid by tenants. All unit interiors updated within past 3 years with vinyl floors. Situated on a .3052 Acre site with MF-20 Zoning. Property must be purchased as a package with adjacent 1751 4th Ave N (RX-10784487). Combined parcel size of .61 Acre, 5 units and 3 buildings, $6,950 per month of rents. Great redevelopment opportunity for additional density. Enjoy positive cashflow through pre-development process.

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www.castellihomes.com/homes/126788879
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1755 4th Avenue N Lake Worth Beach, FL 33460

  • Price: $450,000
  • Status: Active
  • On Site: 99 Days
  • Updated: 44 min ago
  • MLS #: RX-10784492
0
Beds
0
Baths
0
½ Baths
0.31
Acres
1,010
SQFT
$446
$/SQFT
1958
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 features a CB Duplex with a 2 bed 2 bath unit and a 1 bed 1 bath unit. Both units occupied and generating rents of $3,050 per month with new leases. Separately metered for electric and paid by tenants. All unit interiors updated within past 3 years with vinyl floors. Situated on a .3052 Acre site with MF-20 Zoning. Property must be purchased as a package with adjacent 1751 4th Ave N (RX-10784487). Combined parcel size of .61 Acre, 5 units and 3 buildings, $6,950 per month of rents. Great redevelopment opportunity for additional density. Enjoy positive cashflow through pre-development process.
Exterior Features

Carport Spaces 0.00 Construction ConcreteElevatedStucco Exterior Features Auto SprinklerCovered Patio Lot Description 1/4 To 1/2 Acre Lot Dimensions 50.0 Ft X 0.0 Ft Private Pool YN No Roof Comp Shingle Unit1 Parking Open Parking Unit2 Parking Open Parking Unit3 Parking None Unit4 Parking None Water Frontage 0 Waterfront Description None Waterfront YN No

Interior Features

Cooling Wall-Win A/C Flooring TileVinyl Floor Heating Window/Wall Unit1 Bedrooms 2 Unit1 Desc A/C UnitElectric MeterKitchenRange - ElectricRefrigerator Unit1 Full Baths 2 Unit1 Furnished No Unit1 Sq Ft 644 Unit2 Bedrooms 1 Unit2 Desc A/C UnitKitchenRange - ElectricRefrigerator Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 432 Unit3 Sq Ft 0 Unit4 Sq Ft 0 Window Treatments Blinds

Property Features

Annual Net Operating Income 26218.00 Annual Total Expenses 10382.00 Auction No Available Info Deposit Last MonthDeposit SecurityLeases Built Desc Resale Gated Community No Gross Operating Income 36600.00 Hoa Fee Per Month 0.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Maintenance Fee Includes None Multifamily Type Duplex 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 Owned Sq Ft Total 1076.00 Subdivision Amenities None Tax Amount 3982.09 Tax Year 2021 Taxes City/County Tenant Pays CableElectric Terms Considered CashConventional Unit1 Lease Ends 2023-02-28 Unit1 Monthly Income 1750.00 Unit2 Lease Ends 2022-11-30 Unit2 Monthly Income 1300.00 Unit3 Monthly Income 0.00 Unit4 Monthly Income 0.00 Utilities ElectricPublic SewerPublic Water Zoning Mf-20

Listing provided courtesy of Kw Innovations. Listing information © 2022 BeachesMLS
 
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