Modern Living Group
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$530,000ACTIVE

626 Minnesota Street, Lantana, FL 33462

beds2baths1,294sq ft$410/ sq ft
THE RESIDENCE

About this home

Mid-Centurymodern Duplex! Excellent Location! Walk to the Intracoastal parks, multiple restaurants, shops and waterfront dining. EZ Bike ride to the beach. Recent upgrades include newly installed mini splits, new stove and fridge, electrical updates and freshly painted exterior. Recent four point available. Each unit is separately metered for water and electric. Recent new landscaping and rear patio, painting in and out and general rejuvenation and renewal. Off street parking. Great opportunity for owner/ landlord to live the South Florida dream while letting tenants help pay your mortgage, or Airbnb for increased cash flow. Front patio could be enclosed as second bedroom and increase rent easily to $1,700. Great tenants, on time, no hassles! Roughly 5% return at current rents! ******* Please do not disturb tenants. Front unit could have enclosed patio which would serve as a second bedroom. The rear unit patio was enclosed and serves as an office/extra room separated from the living room. Bright sunny apartments. The upside to a one bedroom unit is less people, less wear and tear. Only one unit is on a lease, the other is month to month. Very easily managed property.

THE DETAILS

Property details

List Price$530,000
Price / Unit$265,000
Units2
Cap Rate5.67%
Gross Income$37,200/yr
Net Operating Income$30,055
Inside Sq Ft1,294
Year Built1953
ConstructionBlock
FlooringCeramic Tile, Laminate
ZoningRM15
Property TypeDuplex
MLS #R11116439
StatusActive
Original List Price$600,000
GRM14.2
Stories1
WaterfrontNo
Show all details (6 more)
ViewGarden
Days on Market309
Annual Taxes$6,407
CityLantana
Zip Code33462
Tenant PaysCable TV, Electricity, Insurance, Sewer, Water
LOCATION

Where you'll live

Jonathan Santiago
FEATURED AGENT
Jonathan Santiago
Luxury Specialist

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