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THE RESIDENCE
About this home
Highlights • Individual deeds & meters • Mixed-use zoning (MU-DIXIE) • Strong rental demand area • Value-add through stabilization • Condo structure allows future unit-by-unit resale Unit Mix & Size Unit Beds/Baths Square Feet 1A 1 / 1 620 2A 1 / 1 620 3A 1 / 1 620 5B 2 / 1 796 7B 1 / 1 620 8B 1 / 1 620 " Solid in-place income with upside through stabilization and rent optimization " Approx. 7.09% cap rate at asking price
THE DETAILS
Property details
List Price$1,100,000
Price / Unit$183,333
Units6
Cap Rate8.11%
Net Operating Income$89,189
Inside Sq FtN/A
Year Built1971
ConstructionConcrete
FlooringCeramic Tile
ZoningMF-20(
Property TypeMultiFamily
MLS #R11156017
StatusActive
Original List Price$1,200,000
Tenant PaysCable TV, Electricity
Stories2
Days on Market153
Annual Taxes$13,200
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CityLake Worth Beach
Zip Code33460
LOCATION
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