Fantastic investment opportunity! A 5-unit multifamily property, fully rented, priced below market value, offering the new owner a 15% upside on rent. Located in a high-density neighborhood with strong rental demand. Each unit has bright, spacious rooms. Plenty of parking available. The property includes 2 units with 2 beds/1 bath, 2 units with 1 bed/1 bath, and 1 rented garage. Income: $84,300, Expenses: $31,700, Cap Rate: 5.2%, Net Revenue: $52,591.
Don’t miss this opportunity!
Don’t miss this opportunity!
Property Details
Price:
$980,000
MLS #:
A11734209
Status:
Active
Beds:
0
Baths:
0
Address:
605 S J St
Type:
Multi Family
Subtype:
Quadruplex
Subdivision:
LAKE WORTH TOWN OF
Neighborhood:
Lake Worth Town Of
City:
Lake Worth
Listed Date:
Jan 31, 2025
State:
FL
Finished Sq Ft:
3,416
Total Sq Ft:
3,416
ZIP:
33460
Year Built:
1921
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Schools
Interior
Cooling
Central Air
Flooring
Ceramic Floor
Heating
Central
Exterior
Architectural Style
Attached
Parking Spots
5
Roof
Other
Financial
HOA Frequency
Monthly
Tax Year
2024
Taxes
$12,847
Map
Community
- Address605 S J St Lake Worth FL
- SubdivisionLAKE WORTH TOWN OF
- CityLake Worth
- CountyPalm Beach County
- Zip Code33460
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