Amazing income & investment opportunity. Currently operating at a 6.8% cap rate. This large Duplex is 2 Bedrooms / 2 Bath on one side and 1 Bedroom 1 Bath on the other, separate electric, and plenty of parking. Situated on an oversized corner lot with room for a pool and/or future expansion. The location in East Lake Worth Beach is only a couple blocks from the beautiful intracoastal waterways, downtown shops, amazing restaurants, golf and more. Just sit back and collect $. The owner has done all the hard work here for the new owners. 100% Occupied with great Tenants.
Amazing income & investment opportunity. Currently operating at a 6.8% cap rate. This large Duplex is 2 Bedrooms / 2 Bath on one side and 1 Bedroom 1 Bath on the other, separate electric, and plenty of parking. Situated on an oversized corner lot with room for a pool and/or future expansion. The location in East Lake Worth Beach is only a couple blocks from the beautiful intracoastal waterways, downtown shops, amazing restaurants, golf and more. Just sit back and collect $. The owner has done all the hard work here for the new owners. 100% Occupied with great Tenants.
Features
Building and Construction
Absolute Longitude: 80.054649
Construction: CBS, Concrete
Exterior Features: Room for Pool, Shutters
Flooring: Ceramic Tile
Roof: Tar/Gravel
Sqft Source: Tax Rolls
Sqft Total: 1318.00
Total Building Sqft: 1246.00
Property Information
Property Condition: Resale
Property Group Id: 19990816212116581394000000
Land Information
Lot Description: < 1/4 Acre
Lot Dimensions: 50.0 ft x 135.0 ft
Subdivision Information: None
Eco-Communities
Private Pool: No
Storm Protection Accordion Shutters: Complete
Waterfront Details: None
Utilities
Carport Spaces: 0.00
Cooling: Electric
Heating: Other
Number Of Stories: 1.0
Separate Elec Meters: Yes
Separate Wtr Meters: No
Utilities: Cable, Gas Natural, Public Sewer, Public Water
Finance and Tax Information
Home Owners Association poa coa Monthly: 0.00
Homeowners Assoc: None
Income Expenses Annual Net Oper Inc: 39677.00
Income Expenses Annual Total Expense: 14023.00
Income Expenses Gross Operating Inc: 53700.00
Source Of Expenses: Owner
Tax Year: 2024
Rental Information
Tenant Pays: Cable, Electric
Other Features
Avail Info: Leases
Country: United States
Housing For Older Persons Act: No Hopa
Legal Desc: ADD 1 TO TOWN OF LAKE WORTH LT 16 BLK 55
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