1010 S N Street Unit: 101

Lake Worth Beach, FL, 33460

$1,800,000

$1,800,000
Active Under Contract
Active Under Contract
 - For Sale
property_type
Commercial
calendar
Built 1984
8 Unit apartment building with a community pool in East Lake Worth. There are 6 two bedroom/2 bath apartments & 2 one bedroom, one bath apartments. Each unit has separate meters. Buyer MUST be willing to buy with the current tenant in place until November 2026.Tenant has option for 2 additional 5 year terms. Being sold with tenant in place on 5 year NNN leases at $120k/year. 3% rent escalation per year. Tenant pays ALL expenses, capital expenditures, taxes, and insurance. 6% estimated CAP rate going up as rent escalation goes up. Showings need to be scheduled around tenants.
MLS® ID:
R10780122
Listed:
2/27/22
Updated:
8/18/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Floor Description
Other
Cooling
Central Air
Heating
Central

Exterior/Building Features

Lot Size
0.31 acres lot
Roof
Composition
Sewer
Public Sewer

Other Property Details

Area Name
5610
Taxes
$19909
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Palm Beach County
Utilities
Cable Available, Electricity Available, Sewer Available, Water Available
Water Source
Public
Pool
No
Total Stories
2

Property History

Date
Event
Price
Value
8/1/22
Active Under Contract
-
-
6/27/22
Price Change
$1,800,000
-9%
5/11/22
Price Change
$1,999,000
0%

 

Courtesy of Coastal Real Estate Co

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Data last updated 4:05 PM UTC, 8/18/22

 

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