Modern Living Group
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$585,000ACTIVE

4170 Sussex Avenue, Lake Worth, FL 33461

beds3baths1,427sq ft$410/ sq ft
THE RESIDENCE

About this home

Is not a duplex yet, but is <$10,000 away to be, Is a 3/2 House that can be rented for at least $2600 and the garage is an easy convertible efficiency, Owner have the plans for it and started it. It was the initial plan, with a potential income rental for another $1500, besides is zoned multifamily, so you can built at least one more unit in the back yard.NO HOA, in-ground POOL, fenced yard, no limits!!!Remodeled 100%including Hurricane windows and doors.6.55 CAP RATE After Closing Taxes would be less considering that PACE will be paid ($30,000) and will represent $3600 less in taxes.

THE DETAILS

Property details

List Price$585,000
Price / Unit$292,500
Units2
Cap Rate4.39%
Gross Income$48,000/yr
Net Operating Income$25,686
Inside Sq Ft1,427
Year Built1972
ConstructionStucco
FlooringCeramic Tile
ZoningRM-Multifamily
Property TypeDuplex
MLS #R11155731
StatusActive
Original List Price$585,000
GRM12.2
Tenant PaysCable TV, Electricity, Repairs, Water
Stories1
Show all details (6 more)
WaterfrontNo
ViewPool
Days on Market127
Annual Taxes$10,614
CityLake Worth
Zip Code33461
LOCATION

Where you'll live

Jonathan Santiago
FEATURED AGENT
Jonathan Santiago
Luxury Specialist

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