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 the property and convert the entire project into 11 units. Discover the potential of this rare 1.25 acre parcel, zoned RM (Multi Family, Medium Density) and located in an unincorporated area. The site may accommodate up to 11 residential units a prime opportunity for developers or investors seeking a strong growth prospect. Enjoy a strategic location just minutes from I 95, the Florida Turnpike, and a variety of shopping, dining, schools, and employment hubs..
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 the property and convert the entire project into 11 units. Discover the potential of this rare 1.25 acre parcel, zoned RM (Multi Family, Medium Density) and located in an unincorporated area. The site may accommodate up to 11 residential units a prime opportunity for developers or investors seeking a strong growth prospect. Enjoy a strategic location just minutes from I 95, the Florida Turnpike, and a variety of shopping, dining, schools, and employment hubs..
Features
Building and Construction
Absolute Longitude: 80.104934
Construction: CBS
Exterior Features: None
Flooring: Carpet
Roof: Comp Shingle
Sqft Source: Tax Rolls
Sqft Total: 1602.00
Total Building Sqft: 1008.00
Property Information
Property Condition: Resale
Property Group Id: 19990816212116581394000000
Land Information
Lot Description: 1 to < 2 Acres
Subdivision Information: None
School Information
Elementary School: Palm Springs Elementary School
High School: Lake Worth High School
Middle School: Lake Worth Community Middle
Eco-Communities
Private Pool: No
Storm Protection: None
Waterfront Details: None
Utilities
Carport Spaces: 2.00
Cooling: Electric
Heating: No Heat
Number Of Stories: 1.0
Separate Elec Meters: Yes
Separate Wtr Meters: Yes
Utilities: Cable, Electric, Water Available
Finance and Tax Information
Homeowners Assoc: None
Income Expenses Annual Net Oper Inc: 53548.00
Income Expenses Annual Total Expense: 8852.00
Income Expenses Gross Operating Inc: 62400.00
Source Of Expenses: Owner
Tax Year: 2024
Rental Information
Tenant Pays: Cable, Electric, Gas, Water
Other Features
Avail Info: None
Country: United States
Housing For Older Persons Act: No Hopa
Legal Desc: PALM BEACH FARMS CO PL 7 LT A (LESS N 15 FT L-12 CNL R/W) & N 56.86 FT OF LT B BLK 17
Great opportunity for income investment. Each unit has 2 bedrooms and 1 bathroom and 2 parking spaces. This triplex has no HOA and no HOA restriction for easy management and maintenance. Location is v
Great opportunity for income investment. Each unit has 2 bedrooms and 1 bathroom and 2 parking spaces. This triplex has no HOA and no HOA restriction for easy management and maintenance. Location is v
Great investment! All three units are currently rented. UNIT A. $1800.00 LEASE UNIT B, $1800.00 MONTH TO MONTH UNIT C, $1700.00 MONTH TO MONTH Great central location for investment.
Prime development opportunity. Rarely available 2 lot package deal. Approximately 1.5 acres in total. Spread out over 2 separate lots conveniently situated next to each other. Currently pending site p
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