Modern Living Group
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$1,850,000ACTIVE

130 S Lakeside 1 Drive, Lake Worth Beach, FL 33460

beds2baths3,408sq ft$543/ sq ft
THE RESIDENCE

About this home

Prime 5-plex Income Property-Water Views & Expansion development potential. Maximizing return on your investment. Exceptional investment opportunity in the heart of downtown Lake Worth Beach! This well maintained five-plex sits across from Intracoastal Waterway, offering water views from end unit and potential for even more stunning vistas with a second-story addition.All 5 units are tenant-occupied, ensuring immediate rental income.4 are long term and under rental value. Soo much more income potential. Centrally located within walking distance to the beach, golf course, parks, Ampitheatre, fishing pier, and vibrant shops and restaurants, Easy access to 1-95 for seamless commuting. serious inquiries only. Access will be granted upon accepted contract.NOTE: #5 Rented at $1850.00 monthl

THE DETAILS

Property details

List Price$1,850,000
Price / Unit$462,500
Units4
Cap Rate3.30%
Gross Income$82,800/yr
Net Operating Income$60,974
Inside Sq Ft3,408
Year Built1954
ConstructionBlock, Concrete
FlooringTile, Wood
ZoningMF-30(
Lot Dimensions100.0 ft x 135.0 ft
Property TypeQuadruplex
MLS #R11057260
StatusActive
Original List Price$1,850,000
GRM22.3
Tenant PaysCable TV, Electricity
Show all details (9 more)
Stories1
Lot Size0.31 acres
WaterfrontNo
Waterfront FeaturesIntracoastalAccess,None
ViewGarden,Other
Days on Market508
Annual Taxes$15,874
CityLake Worth Beach
Zip Code33460
LOCATION

Where you'll live

Jonathan Santiago
FEATURED AGENT
Jonathan Santiago
Luxury Specialist

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