$175,000
$175,000
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2,049 SqFt
SOLD DATE : 03/16/2020
Key Details
Sold Price $175,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,049 sqft
Price per Sqft $85
Subdivision Lake Worth Town Of
MLS Listing ID A10823359
Sold Date 03/16/20
Construction Status Resale
HOA Y/N No
Year Built 1926
Annual Tax Amount $5,209
Tax Year 2019
Contingent No Contingencies
Property Description
CASH ONLY!!!!! Charming detached two story duplex in Lake Worth! This property features a 4/2 with a den that can be converted to a fifth bedroom and a 2/1 cottage. Front unit can rent for up to $1,900/month while the rear unit can be rented for $1,100/mo. Separate Electric meters. It is conveniently located near Downtown, Lake Worth Beach and close to I-95. A ton of opportunity to get to market rents of approx $3k combined. The rear unit needs minimal work but the unit up front will need new baths, kitchen, flooring and the roof is near its useful life although not leaking. Buy now and yield a 15%+ NET CAP RATE!
Location
State FL
County Palm Beach County
Community Lake Worth Town Of
Area 5630
Interior
Heating Central
Cooling Central Air
Flooring Ceramic Tile
Exterior
Pool None
Utilities Available Cable Available
Waterfront No
Roof Type Metal
Total Parking Spaces 5
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Level or Stories Two
Structure Type Frame,Stucco
Construction Status Resale
Others
Tax ID 38434421152370090
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Real Estate Owned
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Bought with Kariza Capital Realty, LLC
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