These opportunities to earn this much money on an acquired rent roll don't come along very often. This package consists of a condominium portfolio of 13 units of a 36 unit complex, all currently rented and ready to go in a residential section of northern Lake Worth, Florida, just blocks from the West Palm Beach Canal. Cap Rate in the 12 percent range at current rents, returning more than $150,000 annually. Units are deeded individually as condominiums, but are offered exclusively as a package. Also, a low HOA fee, and the room to increase rents to reach current market value, makes this a very desirable addition to a serious investor's portfolio.
|DAYS ON MARKET||21||LAST UPDATED||2/5/2018|
|TRACT||KARINA APTS CONDO||YEAR BUILT||1980|
|AIR||Central Individual, Electric|
|HEAT||Central Individual, Electric|
|LOT DESCRIPTION||13 Units|
|SUBDIVISION||KARINA APTS CONDO|
|UTILITIES||Cable,Electric,Public Sewer,Public Water|
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