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Property Type:Multifamily (5+ Units)
On Site:14 Days
Lot Size:0.22 Acres
IMMEDIATE INCOME GENERATING INVESTMENT PROPERTY WITH NINE UNITS of Multifamily on two ADJACENT Properties! Sale consists of three buildings on two parcels: 1415 North J Street $1,200,000 & 1407 N J Street for $650,000 (RX-10821323) as one offering for $1,850,0001415 Has six (6) 2 bed/1 bath units and 1407 has three (3) 1 bed/1 bath units in the heart of Lake Worth near the beach just off of LAKE and DIXIE.Constructed of solid CBS, these buildings are in great shape with 3 year old roofs, several recently renovated units, private backyards and happy tenants. Located in a highly desirable section of Lake Worth, close to Public transportation and shopping. 80% Occupied with lots of room for rents to increase.
$000 Monthly Payment
Loan and interest only.
Address:1415 N N J 1 Street #1 Lake Worth Beach, FL 33460
Geo. Area:Palm Beach 5600; 5610; 5620; 5630; 5640
City:Lake Worth Beach
Subdivision:North Lake Worth In Pb 5
Features / Amenities
Flooring: Ceramic Tile
Security Features: Fenced, Security Gate, Smoke Detector(s)
Cooling: Wall/Window Unit(s)
Heating: Wall Furnace
Lot Size: 0.22 Acres
Lot Features: Beach Front, CentralBusinessDistrict, City Lot
Utilities: Electricity Available, Sewer Available, Water Available
Sewer: Public Sewer
Water: Lake, Public
Directions:Dixie Highway to 14th St. go East to J St. Unit is on the left right next door to the north from 1407 N J St. the sister property.
Tax and Financial Info
Tax Year: 2021
Tax Annual Amount: $13,888
Gross Scheduled Income: $99,900
Insurance Expense: $3,200
Lease Terms: 12 Months
Terms: Cash, Conventional
Tenant Pays: Exterior Electric
Association Fee Includes: HVAC, Insurance, Maintenance Structure, Sewer, Water
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Listing Information Last Updated 8/19/2022
Listing provided courtesy of Engel & Voelkers Delray Beach.
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