Bought with The Keyes Company
$1,010,000
$1,100,000
8.2%For more information regarding the value of a property, please contact us for a free consultation.
915 S Dixie HWY 1 Lake Worth Beach, FL 33460
11 Baths
3,610 SqFt
Key Details
Sold Price $1,010,000
Property Type Commercial
Sub Type MultiFamily (5+ Units)
Listing Status Sold
Purchase Type For Sale
Square Footage 3,610 sqft
Price per Sqft $279
Subdivision Lake Worth Town Of
MLS Listing ID RX-10938090
Year Built 1950
Annual Tax Amount $8,242
Tax Year 2023
Lot Size 0.310 Acres
Property Description
OPPORTUNITY TO PURCHASE AN 11-UNIT MULTI FAMILY PROPERTY IN LAKE WORTH BEACH, FL. THIS INCOME PRODUCING PROPERTY HAS EXCELLENT VISIBILITY WITH FRONTAGE ON DIXIE HWY, WHICH HAS AN AADT OF 14,900 (2022 FDOT) AND VERY EASY ACCESS TO I-95. ADDITIONALLY, IT IS LOCATED IN A DEMOGRAPHICALLY DENSE AREA WITH A 5 MILE POPULATION JUST SHY OF 252,000. UNITS USUALLY OCCUPIED WITH LONG TERM TENANTS AND OF THE 11 UNITS, 10 ARE STUDIOS AND ONE IS A 1 BEDROOM/1 BATHROOM. UPSIDE POTENTIAL THROUGH A RENT INCREASE PROGRAM. ZONING IS MIXED USE, WHICH CAN ACCOMODATE COMMERCIAL USES SUCH AS OFFICES, EATING/DRINKING ESTABLISHMENTS, RETAIL, AUTOMOTIVE AND MUCH MORE. PLEASE INQUIRE FOR OFFERING MEMORANDUM.
Location
State FL
County Palm Beach
Area 5640
Zoning MU-DIXIE
Interior
Heating No Heat
Cooling Wall-Win A/C
Flooring Ceramic Tile, Other
Fireplaces Type Smoke Detector
Exterior
Utilities Available Municipal Water, Public Sewer, Public Water
Waterfront No
Roof Type Other
Building
Story 100.00
Foundation CBS, Other
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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