301 M St ,Commercial, Income Non-waterfront for Sale & Rent

301 M St for Sale & Rent

Price $1,449,900.00

  • Lot size 10123
  • Year Build 1925
  • Waterfront
  • Zip 33460
  • Style
  • Parking Description Free Parking, On Street
  • Pool Yes
  • Status Active
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Description

Minutes from downtown Lake Worth and Lake Worth Beach, this turn-key property is a rare investment opportunity for any investor looking to add a cash-flowing multi-family property to their portfolio. At present, this property, fully leased to tenants all current with their leases, is in a unique position because of its outstanding location, its potential for increased income, and the ability to assume a mortgage at just 4.5%. Featuring attractive amenities including an on-site laundry room (currently free for tenants), the quaint floor plans will continue to attract high-income, long-term tenants in this high-demand rental area. Space for an additional income generating structure. The property has five units plus an additional non-conforming unit/flex space.

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11261369 Please read MLS sheet entirely prior to calling LA. Please do not disturb tenants or ask questions about the sale. Virtual tour available. In-person tour/inspection access will be provided upon executed contract. NDA & proof of funds required for supplemental information. Property has the space for an additional income generating structure. Property has an additional non-conforming unit/flex space.

TOWN OF LAKE WORTH LTS 17 THRU 19 BLK 111

Corner Unit, Corner Lot, In Residential Area

Minutes from downtown Lake Worth and Lake Worth Beach, this turn-key property is a rare investment opportunity for any investor looking to add a cash-flowing multi-family property to their portfolio. At present, this property, fully leased to tenants all current with their leases, is in a unique position because of its outstanding location, its potential for increased income, and the ability to assume a mortgage at just 4.5%. Featuring attractive amenities including an on-site laundry room (currently free for tenants), the quaint floor plans will continue to attract high-income, long-term tenants in this high-demand rental area. Space for an additional income generating structure. The property has five units plus an additional non-conforming unit/flex space.

City:Lake Worth,Zoning:SF-R (ci,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2022,Latitude:26.6120237,Cooling Y N:1,Heating Y N:1,Lease Term:Annual Lease,List Price:1449900,Listing Id:A11261369,Longitude:-80.0537106,Mls Status:Active,Ownership:Corporation,Year Built:1925,Directions:The subject site is located at the southwestern corner of the intersection of South M Street and 3rd Avenue South in Lake Worth, Palm Beach County, Florida.,Inclusions:Building & Land,Postal Code:33460,Street Name:M St,Tenant Pays:1:Electricity,Coordinates:1:26.6120237,Gross Income:108243,Lot Features:1:Corner Lot,2:In Residential Area,Photos Count:14,Building Name:301,Business Type:1:Residential-Multi-Family,Days On Market:96,Listing Terms:1:Assumable,2:Conventional/Refinance,Lot Size Acres:0.23,Lot Size Units:Square Feet,On Market Date:2022-09-22,Other Expense:22320,Parcel Number:38434421151110170,Property Type:Commercial Sale,Stories Total:2,Street Number:301,Open Parking Y N:1,Public Remarks:Minutes from downtown Lake Worth and Lake Worth Beach, this turn-key property is a rare investment opportunity for any investor looking to add a cash-flowing multi-family property to their portfolio. At present, this property, fully leased to tenants all current with their leases, is in a unique position because of its outstanding location, its potential for increased income, and the ability to assume a mortgage at just 4.5%. Featuring attractive amenities including an on-site laundry room (currently free for tenants), the quaint floor plans will continue to attract high-income, long-term tenants in this high-demand rental area. Space for an additional income generating structure. The property has five units plus an additional non-conforming unit/flex space.,County Or Parish:Palm Beach County,Expiration Date:2023-02-28,List Office Name:Keller Williams Central,Manager Expense:2400,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,New Taxes Expense:14340,Parking Features:1:On Street,Postal Code Plus4:4572,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:S,Tax Annual Amount:14340,Unparsed Address:301 S M St, Lake Worth FL 33460,Building Features:1:Room For Pool,Insurance Expense:6521,Listing Agreement:Exclusive Right To Sell,Operating Expense:32081,Security Features:1:Fire Sprinkler System,2:Security Fence,3:Security System,Year Built Details:Resale,Building Area Total:3084,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:10123,M I A M I R E_ For Sale Y N:1,Number Of Buildings:1,Original List Price:1500000,Previous List Price:1499900,Public Survey Range:38,Documents Available:1:Copy Of Lease(S),2:Photos,3:Rent Rolls,I D X Participation Y N:1,Maintenance Expense:2100,Net Operating Income:76162,Syndication Remarks:Minutes from downtown Lake Worth and Lake Worth Beach, this turn-key property is a rare investment opportunity for any investor looking to add a cash-flowing multi-family property to their portfolio. At present, this property, fully leased to tenants all current with their leases, is in a unique position because of its outstanding location, its potential for increased income, and the ability to assume a mortgage at just 4.5%. Featuring attractive amenities including an on-site laundry room (currently free for tenants), the quaint floor plans will continue to attract high-income, long-term tenants in this high-demand rental area. Space for an additional income generating structure. The property has five units plus an additional non-conforming unit/flex space.,Listing Contract Date:2022-09-22,Originating System I D:miamire,Public Survey Section:21,Showing Instructions:Call Listing Agent,No Sign,Street Number Numeric:301,Tax Legal Description:TOWN OF LAKE WORTH LTS 17 THRU 19 BLK 111,Electric On Property Y N:1,Gross Scheduled Income:98340,Public Survey Township:38,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:$1,Contract Status Change Date:2022-09-22,Distance To Freeway Numeric:1,Internet Address Display Y N:1,Number Of Units In Community:6,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,Transaction Broker Compensation:3%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,

  • Price $1,449,900.00
  • Price Change: 2023-01-16
  • Lot size sq. ft.
  • Price per sq.ft. $
  • Year Build 1925
  • Waterfront
  • View
  • Pool Yes
  • Style
  • Construction
  • Parking Description Free Parking, On Street
  • Flooring Type Tile
  • Property Type Commercial Sale
  • Status Active
  • Listed 2023-01-16
  • Days on Market 136
  • Furnished
  • City Lake Worth
  • Zip 33460
  • State Florida
  • Subdivision
  • Development Name 301
  • HOA Fees
  • Taxes 14340
  • Taxes Year 2022