Bought with IPO Realty Inc.
$1,000,000
$1,095,000
8.7%For more information regarding the value of a property, please contact us for a free consultation.
4550&4562 Gulfstream RD Lake Worth, FL 33461
10 Baths
12,068 SqFt
Key Details
Sold Price $1,000,000
Property Type Other Types
Sub Type Commercial Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 12,068 sqft
Price per Sqft $82
Subdivision Palm Beach Farms Co Plat No 7 Lt B (Less N 40 Ft) & N 30 Ft Of Lt C Blk 76
MLS Listing ID RX-10115891
Sold Date 07/30/15
Construction Status Resale
Abv Grd Liv Area 19
Year Built 1978
Annual Tax Amount $13,809
Tax Year 2014
Lot Size 1.810 Acres
Property Description
Cheapest Price Per Square foot in the area less then a $100 a foot , Currently generates a cap rate of 7.14% with huge upside through increase in rents possible future cap rate of 11% !! A 100% occupied. of the 12 units there is a mix 6 2/1's and 6 3/2's. Property is constructed as a garden style community consisting of 6 buildings sitting on 1.81 acre of land
Location
State FL
County Palm Beach
Area 5690
Zoning MULTI-FAMILY
Interior
Heating Central
Cooling Ceiling Fan, Central Individual, Electric
Flooring Ceramic Tile
Fireplaces Type Smoke Detector
Exterior
Community Features Corporate Owned
Utilities Available Municipal Water, Septic
Roof Type Comp Shingle
Present Use Corporate Owned
Building
Story 100.00
Foundation Block, CBS
Construction Status Resale
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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