Year Build: 1978
Building Size: 12,086 SqFt.
No of Stories: 1
Total Lot Area: 2.00 Acre
No of Parking: 0
No of Total Units: 12
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 100%
Full 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.