Bought with Coastline Realty, Inc.
$1,138,000
$1,200,000
5.2%For more information regarding the value of a property, please contact us for a free consultation.
223-231 S Palmway Lake Worth, FL 33460
3,631 SqFt
Key Details
Sold Price $1,138,000
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,631 sqft
Price per Sqft $313
Subdivision Lake Worth Town Of
MLS Listing ID RX-10501276
Year Built 1947
Annual Tax Amount $20,046
Tax Year 2018
Property Description
THE WEDGEWOOD APARTMENT IS AN AMAZING INCOME PRODUCING COMPOUND CONSISTING OF 8 TOTAL UNITS (4 TWO BEDROOMS ONE BATH AND 4 ONE BEDROOM ONE BATH) WALK INTO THE GATED COURTYARD TO THE METICULOUSLY MAINTAINED YARD/LUSH LANDSCAPING. ALL UNITS WITH SOLID WOOD FLOORS/TILES, ALL UNITS WITH CENTRAL A/C'S. BOTH BUILDINGS WITH NEW ROOFS. PER LOCATION, YOU ARE STEPS TO THE INTRACOASTAL WITH A VIEW OF THE INTRACOASTAL FROM THE SE CORNER OF THE BUILDING. WALK TO DOWNTOWN LAKE WORTH AND THE BEACHES! ALL UNITS WITH PRIVATE PATIO, TWO FRONT UNITS ARE FENCED IN AND THE ENTIRE BUILDING IS FENCED IN. TWO STORAGE SHED AND IN HOUSE COIN LAUNDRY. 8% CAP BASED ON CURRENT RENT ROLL WITH EXCELLENT OPPORTUNITY FOR FUTURE RENT INCREASE TO MARKET RATE. (ALL UNITS CURRENTLY RENTING UNDER MARKET). EVERY TENANT IS ON
Location
State FL
County Palm Beach
Area 5610
Zoning MF-20 - Low Den
Interior
Heating Central, Central Individual
Cooling Central, Central Individual
Flooring Ceramic Tile, Wood Floor
Exterior
Exterior Feature Awnings, Fence, Fruit Tree(s), Shutters
Utilities Available Electric, Public Sewer, Public Water
Amenities Available None
Waterfront No
Waterfront Description None
Roof Type Comp Shingle
Building
Lot Description Corner Lot, East of US-1
Story 1.0
Foundation CBS
Others
Acceptable Financing Cash, Conventional, VA
Listing Terms Cash, Conventional, VA
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