Description
Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $390 per day and long-term for an average of $6,825 per month, based on similar listings in the area. Estimated short-term cap rate of 1.9%. Estimated long-term cap rate of 3.0%. Beautiful triplex with a higher level of finishing than the usual multifamily property in Lake Worth. Property consists of 1 unit with 1 bedroom/ 1 bathrooms, 1 unit with 2 bedrooms/ 1 bathroom and 1 studio with bathroom.The property is highly finished and comes fully furnished, which makes this an amazing turnkey rental property for short-term and long-term rentals. The location is amazing: less than 1 mile to Downtown Lake Worth, a couple of blocks away from the Intercoastal and 1 mile away from the I95. Property generated a rental revenue of $84,949 over the last 10 months (nov. '22 - aug '23) and is estimated to bring in $104,800 per year (pro forma).Property stands out thanks to its location, high finishes, beautiful volumes inside and the versatile layouts of the units.
Property Information
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $0 |
Rental Policy | daily |
Yearly Taxes | $7333 |
Bedrooms | 3 |
Bathrooms | 3 |
SQFT | 1,958 |
Furnished | unknown |
Year built | 1926 |
Listing Status | Off Market |
MLS | RX-10918463 |
