Modern Living Group
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$1,200,000ACTIVE

1905 Lake Worth Road, Lake Worth Beach, FL 33461

beds4baths3,600sq ft$333/ sq ft
THE RESIDENCE

About this home

Property is being sold together with the adjacent property at 101 Akron. 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$1,200,000
Price / Unit$300,000
Units4
Cap Rate7.80%
Gross Income$131,700/yr
Net Operating Income$93,540
Inside Sq Ft3,600
Year Built1976
ConstructionBlock
FlooringTile
ZoningTOD-W(
Property TypeQuadruplex
MLS #R11150681
StatusActive
Original List Price$1,200,000
GRM9.1
Tenant PaysCable TV, Electricity, Sewer, Water
Stories2
Show all details (7 more)
Lot Size0.15 acres
WaterfrontNo
ViewGarden
Days on Market145
Annual Taxes$11,384
CityLake Worth Beach
Zip Code33461
LOCATION

Where you'll live

Jonathan Santiago
FEATURED AGENT
Jonathan Santiago
Luxury Specialist

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