Bought with Donohue Real Estate, LLC
$320,000
$350,000
8.6%For more information regarding the value of a property, please contact us for a free consultation.
631 N Federal HWY Lake Worth, FL 33460
1 Bed
4 Baths
1,760 SqFt
Key Details
Sold Price $320,000
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,760 sqft
Price per Sqft $181
Subdivision Lake Worth Town Of
MLS Listing ID RX-10485768
Sold Date 02/08/19
Bedrooms 1
Full Baths 4
Construction Status Resale
HOA Y/N No
Abv Grd Liv Area 16
Year Built 1960
Annual Tax Amount $5,601
Tax Year 2017
Lot Size 6,753 Sqft
Property Description
Improving area in Lake Worth. Long term tenants. Rents have not been raised in 10 years. Similar properties in similar condition are renting for $750 per month. No leases in place. Everyone is month to month. Separate electric meters. All units on same water meter. $12K in upgraded electrical to keep the insurance lower. No laundry on site. One 1 bedroom and 3 studios. Each has their own bath. Convert to Air BNB or raise the rate on existing long term tenants.
Location
State FL
County Palm Beach
Area 5600
Zoning PO/MF-
Interior
Heating No Heat
Cooling Wall-Win A/C
Flooring Concrete, Terrazzo Floor
Exterior
Exterior Feature None
Community Features Sold As-Is, Title Insurance
Utilities Available Public Sewer, Public Water
Amenities Available Sidewalks, Street Lights
Waterfront No
Waterfront Description None
Roof Type Other
Present Use Sold As-Is,Title Insurance
Parking Type Space Parking
Private Pool No
Building
Lot Description < 1/4 Acre, Corner Lot, Paved Road, Sidewalks
Story 1.0
Foundation Brick, Frame, Stucco
Construction Status Resale
Others
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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