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26 S L Street, Lake Worth, FL

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26 S L Street

Lake Worth, FL 33460-3855 - Downtown Jewel MF Submarket

Property Type:Multi-Family Number of Units:- Status:Existing Year Built:1933
Stories:2 Building Size:6,601 SF Land Area:.39 AC (16,936 SF)
For Sale Price:$1,070,000 Price/Unit:$1,070,000.00 Cap Rate:7.00 % GRM:8.90


Sale Notes:
Income & Development Portfolio in Heart of Downtown Lake Worth, FL. Four Contiguous, Properties, 100% Occupied, Excellent Development Potential. Two 2-BR houses, 7 1-BR apts. & 3 efficiencies one half block from Starbucks.

Downtown Lake Worth Income & Development Portfolio

" 4 Contiguous Properties on 0.38 Acres
" Two Houses, 7 1-Bedrooms, 3 Efficiencies
" 100% Occupied, Many Multiple-Year Tenants
" Prime Location; Strong Rental Demand
" In Heart of in-Demand Downtown Jewel
" Zoned MU-E (Mixed Use East)
" Rare Assemblage Offering Income Now & Strong Development Potential
" Half Block to Starbucks & Adjacent to Municipal Lot for Overflow Parking
" Walk to Intracoastal, Downtown & Publix
" Half Mile to Beach & Boardwalk Casino
" Value-Add Opportunity
" Competitively Priced @ GRM of 8.9 & 7.0 Cap
" Attractive Financing Available
" 15 Minutes to Palm Beach Intl Airport
" 45 Mins to Ft Lauderdale, 75 Mins to Miami
" Brokers Protected
" (Additional 22-Unit Portfolio Also Available)

Pax Properties, LLC
Justin Ford
(888) 729-4948

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