27 APARTMENT UNITS-21937

Multifamily / Garden Apartments / 4066 ASTER COURT , Lake Worth Florida 33461

 
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Robin Drulard

Capital Commercial Real Estate Group

Office Phone: 954-455-3366247

Cell Phone: 646-246-6867

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Published on: Friday, June 27, 2014 4:28:09 PM
Updated on: Friday, June 27, 2014 4:28:09 PM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-Florida-30914

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 0%

Year Build: 0

 

Building Size: 0 SqFt

Lot Size: 0 Not Specified

No of Stories: 0

No of Parking: 0

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

 Details

Offer to Millionaire Club: No

Listing Summary: Capital Commercial Real Estate Group, Inc. is proud to market this 27 Unit Class C opportunity for $1,900,00 ($70,370 per unit). This is a growth investment opportunity, with an 8.11% pro-form cap rate and a current cap rate of 9.08%. The opportunity includes 9 triplex buildings, totaling 27,900 Sq. Ft., which were built in 1980. The property is distributed between 7 contiguous parcels, totaling 4.72 acres of land. The buildings host a unit mix of 18-2 Bedroom/1 Baths and 9-2Bedroom/2 Baths. Each unit has individual entrances, central air conditioning and they are separately metered for all utilities. The property is located in the south-east section of the city of Lake Worth, only blocks from John Prince Memorial Park, Palm Beach Community College, Lantana Airport and Lake Worth Road which allows easy access to Interstate 95 and the Florida Turnpike

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 9.08

Commission Split (%): 2

Complete Details


Year Build: 0

Building Size: 0 SqFt.

No of Stories: 0

Total Lot Area: 0.00 Not Specified

No of Parking: 0

No of Total Units: 0

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: 0%

Full Description


Capital Commercial Real Estate Group, Inc. is proud to market this 27 Unit Class C opportunity for $1,900,00 ($70,370 per unit). This is a growth investment opportunity, with an 8.11% pro-form cap rate and a current cap rate of 9.08%. The opportunity includes 9 triplex buildings, totaling 27,900 Sq. Ft., which were built in 1980. The property is distributed between 7 contiguous parcels, totaling 4.72 acres of land. The buildings host a unit mix of 18-2 Bedroom/1 Baths and 9-2Bedroom/2 Baths. Each unit has individual entrances, central air conditioning and they are separately metered for all utilities. The property is located in the south-east section of the city of Lake Worth, only blocks from John Prince Memorial Park, Palm Beach Community College, Lantana Airport and Lake Worth Road which allows easy access to Interstate 95 and the Florida Turnpike

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