1105 Federal Hwy #1 ,Income Non-waterfront for Sale

1105 Federal Hwy #1 for Sale

Price $2,250,000.00

  • Lot size 13425
  • Year Build 1990
  • Waterfront
  • Zip 33460
  • Style
  • Parking Description
  • Pool Yes
  • Status Active
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Description

Casa Loma is an excellent 2-story concrete block boutique apartment building with 14 units in Lake Worth Beach. Built in 1990, the property has been recently renovated with a brand-new roof, impact windows and doors, new signage, security cameras, and more. All unit interiors have been renovated with stainless steel appliances, granite countertops, porcelain flooring, window blinds, and modern kitchen cabinets. In addition, current ownership has recently installed 12 new Mitsubishi mini-split AC units in 12 of the units. The property provides a new owner the flexibility to operate short-term or long-term leases as it comes with a transient license. The property has been historically operating at or near 100% occupancies with effective rents of $1,678 per unit.

LAKE WORTH TOWN OF ADD 1 LTS 9 & 10 BLK 48

Casa Loma is an excellent 2-story concrete block boutique apartment building with 14 units in Lake Worth Beach. Built in 1990, the property has been recently renovated with a brand-new roof, impact windows and doors, new signage, security cameras, and more. All unit interiors have been renovated with stainless steel appliances, granite countertops, porcelain flooring, window blinds, and modern kitchen cabinets. In addition, current ownership has recently installed 12 new Mitsubishi mini-split AC units in 12 of the units. The property provides a new owner the flexibility to operate short-term or long-term leases as it comes with a transient license. The property has been historically operating at or near 100% occupancies with effective rents of $1,678 per unit.

City:Lake Worth,Zoning:MU-FH (c,List A O R:A-Miami Association of REALTORS,Stories:2,Latitude:26.602194,List Price:2250000,Listing Id:A11611108,Longitude:-80.0526174,Mls Status:Active,Year Built:1990,Postal Code:33460,Street Name:Federal Hwy,Unit Number:1,Coordinates:1:26.602194,Photos Count:13,Business Type:1:Hotel/Motel,Days On Market:4,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:5640,On Market Date:2024-06-20,Parcel Number:38434427010480090,Parking Total:15,Property Type:Commercial Sale,Stories Total:2,Street Number:1105,Public Remarks:Casa Loma is an excellent 2-story concrete block boutique apartment building with 14 units in Lake Worth Beach. Built in 1990, the property has been recently renovated with a brand-new roof, impact windows and doors, new signage, security cameras, and more. All unit interiors have been renovated with stainless steel appliances, granite countertops, porcelain flooring, window blinds, and modern kitchen cabinets. In addition, current ownership has recently installed 12 new Mitsubishi mini-split AC units in 12 of the units. The property provides a new owner the flexibility to operate short-term or long-term leases as it comes with a transient license. The property has been historically operating at or near 100% occupancies with effective rents of $1,678 per unit.,County Or Parish:Palm Beach County,List Office Name:CBRE, Inc.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:5243,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:S,Tax Annual Amount:22680,Unparsed Address:1105 S Federal Hwy # 1, Lake Worth FL 33460,Listing Agreement:Exclusive Agency,Building Area Total:5286,Building Area Units:Square Feet,Lot Size Dimensions:100x135,Lot Size Square Feet:13425,Number Of Buildings:1,Original List Price:2250000,Public Survey Range:38,I D X Participation Y N:1,Syndication Remarks:Casa Loma is an excellent 2-story concrete block boutique apartment building with 14 units in Lake Worth Beach. Built in 1990, the property has been recently renovated with a brand-new roof, impact windows and doors, new signage, security cameras, and more. All unit interiors have been renovated with stainless steel appliances, granite countertops, porcelain flooring, window blinds, and modern kitchen cabinets. In addition, current ownership has recently installed 12 new Mitsubishi mini-split AC units in 12 of the units. The property provides a new owner the flexibility to operate short-term or long-term leases as it comes with a transient license. The property has been historically operating at or near 100% occupancies with effective rents of $1,678 per unit.,Listing Contract Date:2024-06-20,Originating System I D:miamire,Public Survey Section:27,Street Number Numeric:1105,Tax Legal Description:LAKE WORTH TOWN OF ADD 1 LTS 9 & 10 BLK 48,Public Survey Township:38,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:0%,M I A M I R E_ Internet Remarks:- Rental Flexibility - Turnkey Opportunity - Strong Locational Characteristics,Contract Status Change Date:2024-06-20,Number Of Units In Community:14,M I A M I R E_ Ok To Advertise List:No,Transaction Broker Compensation:0%,Internet Entire Listing Display Y N:1,M I A M I R E_ Compensation Disclaimer:BBC: 2.0%, The offer of compensation is made only to participants of the MLS where the listing is filed.,Transaction Broker Compensation Type:%,

  • Price $2,250,000.00
  • Price Change: 2024-06-21
  • Lot size sq. ft.
  • Price per sq.ft. $
  • Year Build 1990
  • Waterfront
  • View
  • Pool Yes
  • Style
  • Construction CBS Construction
  • Parking Description
  • Flooring Type
  • Property Type Commercial Sale
  • Status Active
  • Listed 2024-06-21
  • Days on Market 32
  • Furnished
  • City Lake Worth
  • Zip 33460
  • State Florida
  • Subdivision
  • Development Name
  • HOA Fees
  • Taxes 22680
  • Taxes Year