631 N Federal Highway, Lake Worth, FL 33460

$350,000
1,760
SqFt
List Price
$350,000
Days on Market
10
MLS#
RX-10485768
Status
PENDING
Sq. Ft
1,760
Lot Size
6,753
Subtype
Quad Plex
County
Palm Beach
Community
Lake Worth Town Of
Subdivision
Lake Worth Town Of
Year Built
1960

Property Description

Improving area in Lake Worth. Long term tenants. Rents have not been raised in 10 years. Similar properties in similar condition are renting for $750 per month. No leases in place. Everyone is month to month. Separate electric meters. All units on same water meter. $12K in upgraded electrical to keep the insurance lower. No laundry on site. One 1 bedroom and 3 studios. Each has their own bath. Convert to Air BNB or raise the rate on existing long term tenants.

Additional Information

Building No
No
Carport
5
Hoa
Yes
Total Unitsin Bldg
4
Construction
Brick, Frame/Stucco
Cooling
Wall-Win A/C
Exterior Feature
None
Flooring
Concrete, Terrazzo Floor
Heating
No Heat
Lot Description
< 1/4 Acre, Corner Lot, Paved Road, Sidewalks
Roof
Other
Taxes
$5,601
Amenities
Sidewalks, Street Lights
Waterfront
None
Total Op Expenses
13500
Total Unitsin Bldg
4
Roofing
Other
Utility
Public Sewer, Public Water
Acres
0.155027548209
Lot Description
< 1/4 Acre, Corner Lot, Paved Road, Sidewalks
Price Per Acre
8662341.6
Price Per Sqft
$198

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Donohue Real Estate, LLC.