231 Palmway ,Attached, Quadruplex, Lake Worth Town Of for Sale

231 Palmway for Sale

Price $2,500,000.00

• Lot size 36207251
• Year Build 1947
• Waterfront
• Zip 33460
• Style Attached
• Parking Description
• Pool Yes
• Status Active With Contract

Description

The Wedgewood 223-231 S Palmway is a gated private oasis located within great walkability to downtown Lake Worth and beaches There are 9 units (3) Large 2/1s 1150 sf +/- (5)1/1 and (1) studio. These are not typical units but more like villas as they have private gardens for tenants to enoy as well as a lovely courtyard with gazebo shared amongst the community for tenants to enjoy. In addition there is coin laundry and owners storage. This is a stablized value add opp. where you there is no immedite capex required to increase rents to market. THE PROPERTY IS 100% OCCUPIED, CAN NOT SHOW WITHOUT OFFER. PLEASE SEE OFFERING PACKAGE IN ATTACHMENTS FOR DETAILS.

TOWN OF LAKE WORTH S 1/2 OF LT 15 & LT 16 BLK 97

1/4 To Less Than 1/2 Acre Lot

The Wedgewood 223-231 S Palmway is a gated private oasis located within great walkability to downtown Lake Worth and beaches There are 9 units (3) Large 2/1s 1150 sf +/- (5)1/1 and (1) studio. These are not typical units but more like villas as they have private gardens for tenants to enoy as well as a lovely courtyard with gazebo shared amongst the community for tenants to enjoy. In addition there is coin laundry and owners storage. This is a stablized value add opp. where you there is no immedite capex required to increase rents to market. THE PROPERTY IS 100% OCCUPIED, CAN NOT SHOW WITHOUT OFFER. PLEASE SEE OFFERING PACKAGE IN ATTACHMENTS FOR DETAILS.

City:Lake Worth,Zoning:MF-20 (c,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2023,Flooring:1:Wood,Latitude:26.6121996,Cooling Y N:1,Heating Y N:1,List Price:2500000,Listing Id:A11545531,Longitude:-80.0508619,Mls Status:Active With Contract,Year Built:1947,Living Area:7251,Postal Code:33460,Street Name:Palmway,Contingency:Other,Coordinates:1:26.6121996,Photos Count:51,Building Name:LAKE WORTH TOWN OF,Days On Market:12,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:5610,M L S Area Major:Lake Worth Town Of,On Market Date:2024-03-06,Parcel Number:38434421150970151,Parking Total:9,Property Type:Residential Income,Rent Includes:1:Sewer,2:Water,Stories Total:1,Street Number:231,Waterfront Y N:1,M I A M I R E_ Style:Fourplex,Public Remarks:The Wedgewood 223-231 S Palmway is a gated private oasis located within great walkability to downtown Lake Worth and beaches There are 9 units (3) Large 2/1s 1150 sf +/- (5)1/1 and (1) studio. These are not typical units but more like villas as they have private gardens for tenants to enoy as well as a lovely courtyard with gazebo shared amongst the community for tenants to enjoy. In addition there is coin laundry and owners storage. This is a stablized value add opp. where you there is no immedite capex required to increase rents to market. THE PROPERTY IS 100% OCCUPIED, CAN NOT SHOW WITHOUT OFFER. PLEASE SEE OFFERING PACKAGE IN ATTACHMENTS FOR DETAILS.,Structure Type:1:Fourplex,County Or Parish:Palm Beach County,List Office Name:ONE Commercial LLC,Standard Status:Active Under Contract,Living Area Units:Square Feet,Major Change Type:Active Under Contract,Postal Code Plus4:4241,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:S,Subdivision Name:LAKE WORTH TOWN OF,Tax Annual Amount:30586,Unparsed Address:231 S Palmway, Lake Worth FL 33460,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:36207251,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:344.78,Original List Price:2500000,Public Survey Range:38,I D X Participation Y N:1,Syndication Remarks:The Wedgewood 223-231 S Palmway is a gated private oasis located within great walkability to downtown Lake Worth and beaches There are 9 units (3) Large 2/1s 1150 sf +/- (5)1/1 and (1) studio. These are not typical units but more like villas as they have private gardens for tenants to enoy as well as a lovely courtyard with gazebo shared amongst the community for tenants to enjoy. In addition there is coin laundry and owners storage. This is a stablized value add opp. where you there is no immedite capex required to increase rents to market. THE PROPERTY IS 100% OCCUPIED, CAN NOT SHOW WITHOUT OFFER. PLEASE SEE OFFERING PACKAGE IN ATTACHMENTS FOR DETAILS.,Listing Contract Date:2024-03-06,Originating System I D:miamire,Public Survey Section:21,Showing Instructions:Call Listing Agent,Street Number Numeric:231,Tax Legal Description:TOWN OF LAKE WORTH S 1/2 OF LT 15 & LT 16 BLK 97,Public Survey Township:38,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:.5%,M I A M I R E_ Adjusted Area S F:7251,M I A M I R E_ Internet Remarks:THE PROPERTY IS 100% OCCUPIED, CAN NOT SHOW WITHOUT OFFER. PLEASE SEE OFFERING PACKAGE IN ATTACHMENTS FOR DETAILS,Contract Status Change Date:2024-03-14,Internet Address Display Y N:1,Number Of Units In Community:3,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 2%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:344.78,