Off-Market Condo: 11 at 1516 S Lakeside Dr, Lake Worth Beach, FL, 33460

1516 S Lakeside Dr, Lake Worth Beach, FL, 33460

- #411

$254,999

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $201 per day and long-term for an average of $1,700 per month, based on similar listings in the area. Estimated short-term cap rate of 6.5%. Estimated long-term cap rate of -2.3%. Enjoy the Tropical Florida Lifestyle at its best!Dip in the heated pool, enjoy the sandy beach on the INTRACOASTAL, relax out on your balcony while enjoying the INTRACOASTAL breezes & views, and hop down to the local fine restaurants and pubs. Museums, white sandy beaches, great deep sea fishing, & local & professional theater all await you! Fully Renovated TOP FLOOR unit including IMPACT WINDOWS & DOORS, and a built in MURPHY BED that stays! Large walk-in closets, many updates, no carpets! THIS BUILDING IS LIKE NEW AND MEETS ALL NEW GUIDELINES. DIRECT INTRACOASTAL, PARTY ROOM W/GROUP ACTIVITIES IF YOU CHOOSE.SELLER RELOCATING. RUN TO THIS ONE!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$785
Rental Policy
daily
Yearly Taxes
$635
Bedrooms
2
Bathrooms
2
SQFT
1,010
Furnished
unknown
Year built
1973
Listing Status
Off Market
MLS
RX-10908187

Short-term Rental Potential
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$42,864

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$252

Price/SQFT

Long-term Rental Potential
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$20,400

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$1,700/mo

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