, en Venta

en Venta

Precio $3,500,000.00

• Tamaño de lote 12750
• Año de construcción 1923
• Frente al agua
• Zip 33460
• Estilo
• Parking Descripción On Street
• Piscina Yes
• Estado Active

Descripción

Lake Lofts is a 3-story concrete block boutique apartment building with 25 units only footsteps from Lake & Lucerne Avenues in Lake Worth Beach. The property features an attractive unit mix including one studio, 21 1BR/1BA, two 2BR/1BA and an attached house 3BR/1.5BA with a den. Lake Lofts is offered with a very attractive assumable loan featuring a 2.87% interest rate locked until June 2027. The current outstanding balance is approximately $1,850,000 and the loan has a maturity date of May 2042. The property has been historically operating near 100% occupancies with effective rents of $1,626/unit. Rents include electric, water and gas. Current market rents average $1,682/month allowing to raise rents by ~$17k/yr. A new owner can implement a value-add program for an additional $90k/yr.

TOWN OF LAKE WORTH S 15 FT OF LT 29 & LTS 30 & 31 BLK 17

Lake Lofts is a 3-story concrete block boutique apartment building with 25 units only footsteps from Lake & Lucerne Avenues in Lake Worth Beach. The property features an attractive unit mix including one studio, 21 1BR/1BA, two 2BR/1BA and an attached house 3BR/1.5BA with a den. Lake Lofts is offered with a very attractive assumable loan featuring a 2.87% interest rate locked until June 2027. The current outstanding balance is approximately $1,850,000 and the loan has a maturity date of May 2042. The property has been historically operating near 100% occupancies with effective rents of $1,626/unit. Rents include electric, water and gas. Current market rents average $1,682/month allowing to raise rents by ~$17k/yr. A new owner can implement a value-add program for an additional $90k/yr.

City:Lake Worth,Zoning:DT (city,List A O R:A-Miami Association of REALTORS,Stories:3,Latitude:26.6147787,List Price:3500000,Listing Id:A11857160,Longitude:-80.056592,Mls Status:Active,Year Built:1923,Postal Code:33460,Coordinates:1:26.6147787,Photos Count:28,Business Type:1:Residential-Multi-Family,Listing Terms:1:Assumable,2:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:5610,On Market Date:2025-08-12,Parcel Number:38434421150170291,Property Type:Commercial Sale,Stories Total:3,Open Parking Y N:1,Public Remarks:Lake Lofts is a 3-story concrete block boutique apartment building with 25 units only footsteps from Lake & Lucerne Avenues in Lake Worth Beach. The property features an attractive unit mix including one studio, 21 1BR/1BA, two 2BR/1BA and an attached house 3BR/1.5BA with a den. Lake Lofts is offered with a very attractive assumable loan featuring a 2.87% interest rate locked until June 2027. The current outstanding balance is approximately $1,850,000 and the loan has a maturity date of May 2042. The property has been historically operating near 100% occupancies with effective rents of $1,626/unit. Rents include electric, water and gas. Current market rents average $1,682/month allowing to raise rents by ~$17k/yr. A new owner can implement a value-add program for an additional $90k/yr.,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 Plus4:3749,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:71142,Listing Agreement:Exclusive Agency,Building Area Total:12750,Building Area Units:Square Feet,Lot Size Square Feet:8778,Number Of Buildings:1,Original List Price:3500000,Public Survey Range:38,I D X Participation Y N:1,Syndication Remarks:Lake Lofts is a 3-story concrete block boutique apartment building with 25 units only footsteps from Lake & Lucerne Avenues in Lake Worth Beach. The property features an attractive unit mix including one studio, 21 1BR/1BA, two 2BR/1BA and an attached house 3BR/1.5BA with a den. Lake Lofts is offered with a very attractive assumable loan featuring a 2.87% interest rate locked until June 2027. The current outstanding balance is approximately $1,850,000 and the loan has a maturity date of May 2042. The property has been historically operating near 100% occupancies with effective rents of $1,626/unit. Rents include electric, water and gas. Current market rents average $1,682/month allowing to raise rents by ~$17k/yr. A new owner can implement a value-add program for an additional $90k/yr.,Listing Contract Date:2025-08-12,Originating System I D:miamire,Public Survey Section:21,Tax Legal Description:TOWN OF LAKE WORTH S 15 FT OF LT 29 & LTS 30 & 31 BLK 17,Public Survey Township:38,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:- Attractive Assumable Debt - Rental Upside - Central Location - Excellent Unit Mix - Below Replacement Cost - Short-term Rental,Contract Status Change Date:2025-08-12,Number Of Units In Community:25,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,