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