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12 APARTMENT UNITS-#21932 > Multifamily / Garden Apartments
6/27/2014

  • Preferred Listing
  • Address: 4676 PENNY LANE , Lake Worth Florida 33461
    • Listing ID: CL-Florida-30913
      Listing Status: Accepting Offers
      Auction: No
    • Net Lease Investment: No
      Financing: No Financing Available
      Buisness Available for Sale? No
      Property On Ground Leased: No
      Property Status: Normal Sale
    • Bldg Status: Existing
      Year: 1978 Bldg: 12086 sqft.
      Stories: 1 Lot: 0 sqft.
      Units: 12 Furnished: No
      Occupied: Yes Occupancy: 100%
    Description: Capital Commercial Real Estate Group, Inc is pleased to offer for sale this well maintained, 12 unit investment property in Lake Worth for $1,050,000 ($87,500 per unit). The property includes two parcels and six buildings, which were well constructed in 1978 and sit on 1.82 acres of land. The structures are concrete block with Gable roofs, which were fully replaced in 2007. The units also feature ample parking, central heat and air and are individually metered. The unit mix is 6 two bedroom-one bath and 6 three bedroom-two baths that are currently being rented below market rate. The property is in high demand, consistently boasting 100% occupancy. This is an excellent growth investment opportunity, with a capitalization rate of 6.78%. The property is centrally located in Lake Worth, Fl and is close to shopping, restaurants, medical care and I-95.
Tradidional Purchase -
Asking Price:
$1,050,000.00
Detail
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