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120 - 124 N Palmway, Lake Worth, FL

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120 - 124 N Palmway

Lake Worth, FL 33460-3544 - Parrot Cove MF Submarket

Property Type:Multi-Family Number of Units:13 Status:Existing Year Built:1950
Stories:2 Building Size:7,040 SF Land Area:.15 AC (6,534 SF)
For Sale Price:$2,150,000 Price/Unit:$165,384.62 Cap Rate:5.71 % GRM:-

Parking:.99 Parking Spaces / 1,000 SF

Sale Notes:
ONE Commercial is pleased to present the turn key investment opportunity in the prime waterfront community of East Lake Worth. The asset consists of 13 units that have gone under extensive renovations and boast some of the best curb appeal in the immediate area along with on site laundry facilities, new mini split A/C units, desirable unit mix and floorplans, and incredible walkability to Downtown Lake Avenue, beaches, Lake Worth municipal golf course, and the picturesque views of the intracoastal and palm beach island from Bryant Park. Lake Worth has experienced a serge of new development including new shopping centers with flagships such as Starbucks, luxury condominiums, along with the city currently in the process of redoing all damaged roads in the immediate surrounding area. With the cost of living rapidly increasing in close by Delray Beach, Boynton and Palm Beach; Lake Worth is the epitome of waterfront and urban living.

ONE Commercial Real Estate
Alexis Shapiro
(954) 573-4449

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