1700 S Federal Highway Unit #1-22, Lake Worth, FL 33460

$2,395,000
7,986
SqFt
List Price
$2,395,000

Property Description

PARTIAL OWNER FINANCING AVAILABLE! POTENTIAL 340K ANNUAL INCOME. CASH COW !!! All Licenses in place, and open, 22 units with pool and plenty of parking. 1 elec. and water meter. Newer 12,000 btu A/C's in all rooms with newer refrigerators and microwaves. 900 sq ft owner/manager apt. has C/A/H. Below this is 900 sq ft downstairs office. 3 new washers/dryers for motel use. 32 security camera's. 20 units have been recently remodeled, painted, and new beds, furniture, art, and 32'' flat screen TV's. All rooms are tiled. At sellers discretion he is renting out very few rooms to cover expenses as he turns away 6-10 people a day. This is a cash deal only! Proof of funds needed to show or to submit offers. Let your experienced motel investor do the math. Located amid Lake Worth and Lantana beaches

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Listing courtesy of Donohue Real Estate, LLC.