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$1,600,000 USD 10.0% Reduced $199,000

$1,600,000
10.0% Reduced $199,000

7,568 Sqft | 0.31 Acres Disagree?

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$1,600,000
10.0% Reduced $199,000

7,568 Sqft | 0.31 Acres

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1010 S N Street #101 Property Highlights

  • MLS# : RX-10780122
  • Listing Type : Commercial
  • Year Built : 1984
  • Complex : Lake Worth Town Of Add 1
  • View Property History
  • Status : Closed
  • Total Area : 7,568 sqft ($238/sqft)
  • Days on Market : 808
  • Property Type : Multi Family
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Property Details

8 Unit apartment building with a community pool in East Lake Worth. There are 6 two bedroom/2 bath apartments & 2 one bedroom, one bath apartments. Each unit has separate meters. Buyer MUST be willing to buy with the current tenant in place until November 2026.Tenant has option for 2 additional 5 year terms. Being sold with tenant in place on 5 year NNN leases at $120k/year. 3% rent escalation per year. Tenant pays ALL expenses, capital expenditures, taxes, and insurance. 6% estimated CAP rate going up as rent escalation goes up. Showings need to be scheduled around tenants.

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Jeff Lichtenstein's Echo Fine Properties

Echo Fine Properties

C 561-500-ECHO

O 561-500-ECHO

F 561-277-2500

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Jeff Lichtenstein's Echo Fine Properties

ECHO FINE PROPERTIES

C 561-500-3246

O 561-500-3246

F 561-277-2500

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