Sold
1010 S N Street 101
Lake Worth Beach FL, 33460
$1,600,000
$118.48 per sqft
Sold
13,504 sqft
Commercial
Built in 1984
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.
R10780122
MLSⓇ ID
February 28, 2022
Listed
February 16, 2024
Updated
Map
1010 S N Street 101
Lake Worth Beach FL, 33460
Interior Features
Total Stories
2
Floor Description
Other
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.31 Acres
Roof
Composition
Sewer
Public Sewer
Other Property Details
Area Name
5610
Taxes
$19,909
Tax Frequency
Annually
Days on Market
119
Garage
No
View
No
County
Palm Beach County
Water Source
Public
Pool
No
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
|---|---|---|
11/10/2023 | Sold | $1,600,000 |
Listed by: Coastal Real Estate Co
Listing Contact: (561) 715-9894
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Data last updated 4:31 AM UTC, 2/16/2024
