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501 N J Street

Lake Worth Beach, FL 33460
  • $1,050,000
  • STATUS: Active Under Contract
  • ON SITE: 84 Days
  • ID#: RX-10978172
Under Contract
UPDATED: 153 min ago
$1,050,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,332
    SQFT
  • $315
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1952
County:

School Ratings & Info

Description

Welcome to ''Downtown Five''. 5 Fully Renovated, Well Maintained, Easily Managed Apartments Ideally Located 2 Blocks to Publix, 3 Blocks to Downtown Lake Worth Beach, Shopping, Restaurants, Entertainment, Nightlife & 1 Mile to LW Beach & Fishing Pier. Situated within a Quiet Family Friendly Neighborhood in One of The Fastest Growing Cities in South Florida!!! All Units Have Been Beautifully Renovated: New Kitchens, Flooring, Baths, Electrical, Plumbing, & Paint. Lushly Landscaped Grounds! Coin Laundry Room Generates Extra Income. (Current Rents are 15-20% Under Market Value). Convert to Air BNB & Maximize ROI. A Perfect 1031. Plenty of Room to Add Pool / Hot Tub to Increase Values & Income!!! *Possible Seller Financing with 50% down* *Please DO NOT walk property or disturb tenants**

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www.findpalmbeachcountyhomes.com/homes/149257039
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501 N J Street Lake Worth Beach, FL 33460

  • Price: $1,050,000
  • Status: Active Under Contract
  • On Site: 84 Days
  • Updated: 153 min ago
  • ID#: RX-10978172
0
Beds
0
Baths
0
½ Baths
0.15
Acres
3,332
SQFT
$315
$/SQFT
1952
Built
Neighborhood:
Lake Worth Town Of
County:
Palm Beach
Area:
Lake Worth Beach
Property Description
Welcome to ''Downtown Five''. 5 Fully Renovated, Well Maintained, Easily Managed Apartments Ideally Located 2 Blocks to Publix, 3 Blocks to Downtown Lake Worth Beach, Shopping, Restaurants, Entertainment, Nightlife & 1 Mile to LW Beach & Fishing Pier. Situated within a Quiet Family Friendly Neighborhood in One of The Fastest Growing Cities in South Florida!!! All Units Have Been Beautifully Renovated: New Kitchens, Flooring, Baths, Electrical, Plumbing, & Paint. Lushly Landscaped Grounds! Coin Laundry Room Generates Extra Income. (Current Rents are 15-20% Under Market Value). Convert to Air BNB & Maximize ROI. A Perfect 1031. Plenty of Room to Add Pool / Hot Tub to Increase Values & Income!!! *Possible Seller Financing with 50% down* *Please DO NOT walk property or disturb tenants**
Exterior Features

Construction CBS Miles To Beach 1 Miles To Expressway 1 Roof Comp Shingle Waterfront YN No

Interior Features

Bath Toilets 5.00 Cooling CentralElectricWall-Win A/C Flooring Ceramic TileVinyl Floor Heating CentralElectricWindow/Wall Miscellaneous1 Laundry Miscellaneous2 Outside StorageRoom Pool Percent Air Conditioned 100.00 Unit1 Full Baths 1 Unit1 Unit Desc 2 Bedroom Unit2 Full Baths 1 Unit2 Unit Desc 2 Bedroom Unit3 Full Baths 1 Unit3 Unit Desc 1 Bedroom Unit4 Full Baths 1 Unit4 Unit Desc 1 Bedroom Unit5 Full Baths 1 Unit5 Unit Desc 1 Bedroom

Property Features

Auction No Available Docs Aerial Available Info Copies of LeasePhotos Built Desc Resale Contingent Active Under Contract Contingents Other Expenses Common Area Maint 6000.00 Expenses Insurance 11471.00 Expenses Maint And Repair 2821.00 Expenses Real Estate Taxes 16736.00 Expenses Utilities 3263.00 Fire Protection Smoke Detector For Lease No For Sale Yes Lease AnnualMonth to Month List Office Board Code Realtor Association of the Palm Beaches (RAPB) Maintenance Fee Includes Exterior ElectricLawn CareMaintenance-ExteriorTrash Removal Monetary Info Gross Oper Income 92820.00 Monetary Info Net Oper Income 46944.00 Monetary Info Source Of Expenses Owner Monetary Info Total Expenses 45876.00 Monetary Info Vacancy Rate 5.00 Possession At ClosingFunding Sale Includes Building and LandEquipmentFixtures Security TV Camera Special Info Presently Leased Tax Amount Real Estate Taxes 16736.80 Tax Year 2023 Tenant Pays CableElectric Tenants 5 Terms Considered CashConventionalExchange Type Of Building Resident. Multi-Fam. Unit1 Ann Rent 21600.00 Unit2 Ann Rent 24000.00 Unit3 Ann Rent 15540.00 Unit4 Ann Rent 15540.00 Unit5 Ann Rent 14340.00 Use Income Utilities CableElectricPublic WaterSeparate Meter Zoning SF-TF-

Listing provided courtesy of Jsm Realty Services, Inc.: . Listing information © 2024 BeachesMLS
 
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Michael Brue | Compass Florida LLC
5370 Donald Ross Rd
Palm Beach Gardens FL, 33418