Address: 3195 Mcsherry Drive, Lake Worth, FL 33461
Description
Close and generate Immediate Revenue. Currently vacant. Located in a very high rental demand area. Renovated top to bottom from running all new electric, new flooring, kitchens, bathrooms, landscaping, central A C systems, New Septic System & newer roof you name it it was done, Seller renovated with intent to live in one unit, but plans change. Separate exterior room with Washer/Dryer hookup in rear of property for shared access. Shed for additional storage and newly laid turf. Open parking will be no issue for prospective occupants. Located near John Prince Park this property provides ease of access to all points North and South with an ample array of activities for the most discerning of occupants. Priced just below market value this is the perfect short & long term investment!
Close and generate Immediate Revenue. Currently vacant. Located in a very high rental demand area. Renovated top to bottom from running all new electric, new flooring, kitchens, bathrooms, landscaping, central A C systems, New Septic System & newer roof you name it it was done, Seller renovated with intent to live in one unit, but plans change. Separate exterior room with Washer/Dryer hookup in rear of property for shared access. Shed for additional storage and newly laid turf. Open parking will be no issue for prospective occupants. Located near John Prince Park this property provides ease of access to all points North and South with an ample array of activities for the most discerning of occupants. Priced just below market value this is the perfect short & long term investment!
Features
Building and Construction
Absolute Longitude: 80.092792
Construction: Frame
Exterior Features: Covered Patio, Fence, Shed
Flooring: Tile
Roof: Comp Shingle
Sqft Source: Tax Rolls
Sqft Total: 1888.00
Total Building Sqft: 1664.00
Property Information
Property Condition: Resale
Property Group Id: 19990816212116581394000000
Land Information
Lot Description: < 1/4 Acre
Subdivision Information: None
Eco-Communities
Private Pool: No
Storm Protection: None
Waterfront Details: None
Utilities
Carport Spaces: 0.00
Cooling: Ceiling Fan, Central, Electric
Heating: Central, Electric
Number Of Stories: 1.0
Separate Elec Meters: Yes
Separate Wtr Meters: Yes
Utilities: Electric, Public Water, Septic
Finance and Tax Information
Homeowners Assoc: None
Income Expenses Annual Net Oper Inc: 60000.00
Income Expenses Annual Total Expense: 0.00
Income Expenses Gross Operating Inc: 60000.00
Source Of Expenses: Other
Tax Year: 2024
Rental Information
Tenant Pays: None
Other Features
Avail Info: Other
Country: United States
Housing For Older Persons Act: No Hopa
Legal Desc: PALM BEACH FARMS CO PLAT NO 7 E 1/2 OF E 1/2 OF LOT B BLK 125
Welcome to this unique property offering a 3 bedroom, 2 bathroom main home and a separate 1 bedroom, 1 bathroom guest house perfect for extended family, guests, or rental income. Situated on an overs
Build 6 additional units, which will increase the total revenue to $206,500 and the NOI to $185,400, at a total cost of $1,901,500, resulting in a cap rate of 9.75%. Alternatively, you could purchase
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