301 S M St Immeuble residentiel

The Subject Property is well located in downtown Lake Worth, east of Dixie Highway, west of Federal Highway and three blocks south of Lake Avenue. This opportunity offers an investor a solid return in a highly appreciating Lake Worth location with single family homes selling from the $400s. Located, just three blocks south of beautiful Lake Avenue, the property is in walking distance to numerous upscale shops and restaurants. This opportunity to acquire a well located, turnkey property in a premier location would be a great asset to any investor’s portfolio. The apartment property consists of 5 units comprised of 4-2/1s and 1 efficiency unit. The rents are significantly below market and the property consistently remains 100% leased with a waiting list. The property was originally constructed in 1925 out of Dade County pine, which is as hard as concrete, and was renovated in the 90s. The units have been updated with new flooring, appliances, A/Cs and the roof is in good condition. An investor could also get residential financing allowing them to come in with less money & get a lower interest rate compared to commercial loans.