1751-55 4th N Avenue
Lake Worth, FL 33460
Daniel DeMott
(561) 329-4972
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MLS# | RX-10602466 | Type | Quad Plex |
Status | Active | Sq.Ft | 0 |
Beds | 0 | Stories | 1 |
Baths | 0 | Taxes | $5,529 |
Interior features |
Exterior features |
5-unit multifamily assemblage situated on .61 Acre site with Multifamily - 20 Zoning. Parcel 1 includes a 2 Bedroom, 2 Bath single family house, PLUS a separate duplex featuring two 1 Bed / 1 Bath units. Parcel 2 Features a duplex with a 1 Bed/1 Bath and 2 Bed/2 Bath Unit. 5 Electric meters, and 2 water.Unit interiors have been freshly renovated and property is 100% occupied. Current rent roll of $5,650 per month. 7% cap-rate in-place.Multiple new-construction apartments in vicinity with height and density variances. Excellent opportunity to develop this site for greater density multifamily. Property is comprised of 2 separate parcel IDs, must be purchased together, but possible to finance with residential financing. Contact Listing Agent for pro-forma and support
Listing provided courtesy of KW Innovations.
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