214-216 M St,Detached, Multi Family, Quadruplex, Multi Family, Lake Worth Town Of

214-216 M St, Lake Worth, Florida, 33460

Price $750,000.00

  • Lot size 2707
  • Year Build 1926
  • Waterfront
  • Zip 33460
  • Style Detached
  • Parking Description
  • Pool Yes
  • Status Active

Description

The Bungalows are a 5 Unit multifamily asset in the heart of Lake Worth Beach. The property is comprised of three cottages housing, 5 units that have been very well cared for and renovated throughout ownership and 100% OCCUPIED! The property is currently owner-managed with annual leases in place. The Bungalows idyllic location also offers the opportunity to take advantage of the profitable vacation rental market. With The Bungalows being separate buildings, tenants can enjoy a sense of privacy and tranquility while being just a short walk to the hustle and bustle of downtown. These features position The Bungalows as a prime investment opportunity and rental property. UNIT MIX (1)2/1 (1)1/1 (2)STUDIOS (1) EFFICIENCY + COIN LAUNDRY & OWNER STORAGE PLEASE SEE OFFERING MEMORANDUM ATTACHED

PLEASE DO NOT DISTURB TENANTS, SUBMIT ALL OFFERS WITH POF AND PRE APPROVAL IF APPLIACABLE. SEE OFFERING MEMORANDUM

TOWN OF LAKE WORTH LT 5 BLK 93

Less Than 1/4 Acre Lot

The Bungalows are a 5 Unit multifamily asset in the heart of Lake Worth Beach. The property is comprised of three cottages housing, 5 units that have been very well cared for and renovated throughout ownership and 100% OCCUPIED! The property is currently owner-managed with annual leases in place. The Bungalows idyllic location also offers the opportunity to take advantage of the profitable vacation rental market. With The Bungalows being separate buildings, tenants can enjoy a sense of privacy and tranquility while being just a short walk to the hustle and bustle of downtown. These features position The Bungalows as a prime investment opportunity and rental property. UNIT MIX (1)2/1 (1)1/1 (2)STUDIOS (1) EFFICIENCY + COIN LAUNDRY & OWNER STORAGE PLEASE SEE OFFERING MEMORANDUM ATTACHED

City:Lake Worth,Roof:1:Other,2:Shingle,Zoning:MU-E - Mixed Use E,Cooling:1:Wall/Window Unit(s),List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2020,Flooring:1:Wood,Latitude:26.6128378,Cooling Y N:1,Heating Y N:1,List Price:750000,Listing Id:A11079025,Longitude:-80.0532959,Mls Status:Active,Year Built:1926,Directions:2 blocks south of Lake Avenue on S M st (one way street heading north) property on the East Side of the street. From I 95 6th Ave S, head East to S M Street, head north 4 blocks property on the East side,Living Area:2521,Postal Code:33460,Street Name:M St,Coordinates:1:26.6128378,Photos Count:23,Building Name:LAKE WORTH TOWN OF,Days On Market:37,Listing Terms:1:Conventional,2:Exchange,Lot Size Units:Square Feet,M L S Area Major:Lake Worth Town Of,On Market Date:2021-08-04,Parcel Number:38434421150930050,Parking Total:5,Property Type:Residential Income,Rent Includes:1:Gardener,2:Water,Stories Total:2,Street Number:214-216,M I A M I R E_ Style:Fourplex,Public Remarks:The Bungalows are a 5 Unit multifamily asset in the heart of Lake Worth Beach. The property is comprised of three cottages housing, 5 units that have been very well cared for and renovated throughout ownership and 100% OCCUPIED! The property is currently owner-managed with annual leases in place. The Bungalows idyllic location also offers the opportunity to take advantage of the profitable vacation rental market. With The Bungalows being separate buildings, tenants can enjoy a sense of privacy and tranquility while being just a short walk to the hustle and bustle of downtown. These features position The Bungalows as a prime investment opportunity and rental property. UNIT MIX (1)2/1 (1)1/1 (2)STUDIOS (1) EFFICIENCY + COIN LAUNDRY & OWNER STORAGE PLEASE SEE OFFERING MEMORANDUM ATTACHED,Structure Type:1:Multi Family,County Or Parish:Palm Beach County,Expiration Date:2022-01-31,Private Remarks:PLEASE DO NOT DISTURB TENANTS, SUBMIT ALL OFFERS WITH POF AND PRE APPROVAL IF APPLIACABLE. SEE OFFERING MEMORANDUM,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Back On Market,Postal Code Plus4:4110,Property Sub Type:Multi Family,State Or Province:FL,Street Dir Prefix:S,Subdivision Name:LAKE WORTH TOWN OF,Tax Annual Amount:8217,Unparsed Address:214-216 S M St, Lake Worth FL 33460,Listing Agreement:Exclusive Agency,Year Built Details:Resale,Building Area Total:2707,Building Area Units:Square Feet,Lot Size Square Feet:2707,M I A M I R E_ L P Amt Sq Ft:297.501,Original List Price:750000,Public Survey Range:38,Documents Available:1:Copy Of Lease(S),2:Rent Rolls,I D X Participation Y N:1,Number Of Units Total:5,Syndication Remarks:The Bungalows are a 5 Unit multifamily asset in the heart of Lake Worth Beach. The property is comprised of three cottages housing, 5 units that have been very well cared for and renovated throughout ownership and 100% OCCUPIED! The property is currently owner-managed with annual leases in place. The Bungalows idyllic location also offers the opportunity to take advantage of the profitable vacation rental market. With The Bungalows being separate buildings, tenants can enjoy a sense of privacy and tranquility while being just a short walk to the hustle and bustle of downtown. These features position The Bungalows as a prime investment opportunity and rental property. UNIT MIX (1)2/1 (1)1/1 (2)STUDIOS (1) EFFICIENCY + COIN LAUNDRY & OWNER STORAGE PLEASE SEE OFFERING MEMORANDUM ATTACHED,Listing Contract Date:2021-08-04,Originating System I D:miamire,Public Survey Section:21,Showing Instructions:Call Listing Agent,See Broker Remarks,Street Number Numeric:214,Tax Legal Description:TOWN OF LAKE WORTH LT 5 BLK 93,Public Survey Township:38,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:1%,M I A M I R E_ Adjusted Area S F:2569,Contract Status Change Date:2021-08-04,Internet Address Display Y N:1,Number Of Units In Community:5,Internet Consumer Comment Y N:1,Transaction Broker Compensation:2.5%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:297.5,Internet Automated Valuation Display Y N:1,

  • Price $750,000.00
  • Price Change: 2021-08-02
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1926
  • Waterfront
  • View
  • Pool Yes
  • Style Detached
  • Construction Frame
  • Parking Description
  • Flooring Type Tile, Wood
  • Property Type Residential Income
  • Status Active
  • Listed 2021-08-02
  • Days on Market 51
  • Furnished
  • City Lake Worth
  • Zip 33460
  • State Florida
  • Subdivision LAKE WORTH TOWN OF
  • Development Name LAKE WORTH TOWN OF, Lake Worth Town Of
  • HOA Fees
  • Taxes 8217
  • Taxes Year 2020