9 Waterfront Units in Lake Worth 33461 For Sale

  • $1,550,000
  • 9 beds
  • 9 baths
  • 3956 sqft
9 Units
Property Type: Commercial
Construction: CBS
Bedrooms: 9
Bathrooms: 9
Living Sq ft: 3,956 Sq ft
Lot size: 13,987 Sq ft
Waterfront: Yes
Gross Annual Income:
Airbnb: $275,132
Square: $6,988
Cash: $10,000
 Annual Expenses:
RE Taxes: $9,668
Cleaning: $32,000
Insurance: $7,500
Landscaping: $2,400
Supplies: $6,000
Utilities: $8,000
Internet/Cable: $4,000
Bed (Hotel) Tax: $12,000
Misc: $10,000
Total Gross Annual Income: $292,120
Total Annual Expenses: $91,868
Net Operating/Annual Income is $200,252
Cap Rate: 12.9%
Condition:
All 9 Units are fully furnished,
and operating as a cash flowing airbnb.
All 9 Units are in Great Condition.
All Tankless water heaters
All Led Fixtures, Central AC units are 3 years old,
All have new AC Ducts, All Stainless Steel appliances.
Details:
4 Buildings total:
Building #1: 1,160 Sq ft CBS built in 1952
with 2 bedrooms and 2 baths
Building#2: 900 Sq ft CBS built in 1952
with 2 bedrooms and 2 baths
Building #3: 900 Sq ft CBS built in 1952
with 2 bedrooms and 2 baths
Building #4: 900 Sq ft CBS built in 1952
with 2 bedrooms and 2 baths
Studio Apartment: 96 Sq ft
Total living Sq ft: 3,956
Serious Buyers Only!!
Proof of funds required to tour the property
and get detailed records/reports
from my client.
Asking $1.55
Call or Text Rich at (561) 702-5541
Price:
$1,550,000
Address:
9 Waterfront Units
Lake Worth, Florida 33461
Square Feet:
3956
Lot Size:
13,987
Bedrooms:
9
Bathrooms:
9
Terms:
For Sale
Property Type:
Commercial
Year Built:
1952
Const. Type:
CBS

Additional Features

https://www.dropbox.com/s/amln34hzdjyxpug/20210214_131141.mp4?dl=0

Call (561) 702-5541 for more details

Property Location