Modern Living Group
 Residence
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$600,000ACTIVE

101 Akron Street, Lake Worth Beach, FL 33461

beds2baths1,656sq ft$362/ sq ft
THE RESIDENCE

About this home

Property is being sold together with the adjacent property at 1905 Lake Worth Rd. This is a Luxury Turnkey 6-unit apartment complex meticulously maintained and in pristine condition with no deferred maintenance. Fully occupied with excellent tenants. All units feature oversized one-bedroom layouts, with potential to convert select units into two-bedroom units for added value. Property includes on-site laundry, full security surveillance, and impact windows throughout. Tenants pay their own electric, and the four back units also pay their own water, keeping expenses low. Ample parking and easy management make this a strong income-producing investment. Both properties are being sold together for $1,795,000.

THE DETAILS

Property details

List Price$600,000
Price / Unit$300,000
Units2
Cap Rate15.59%
Gross Income$131,700/yr
Net Operating Income$93,540
Inside Sq Ft1,656
Year Built1958
ConstructionBlock
FlooringTile
ZoningTOD-W(
Property TypeDuplex
MLS #R11150682
StatusActive
Original List Price$600,000
GRM4.6
Tenant PaysCable TV, Electricity
Stories1
Show all details (7 more)
Lot Size0.15 acres
WaterfrontNo
ViewGarden
Days on Market146
Annual Taxes$7,128
CityLake Worth Beach
Zip Code33461
LOCATION

Where you'll live

Jonathan Santiago
FEATURED AGENT
Jonathan Santiago
Luxury Specialist

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