Investment Opportunity: , Unit 314, LakeWorthBeach, FL - $-1,716 Profit

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

1516 S Lakeside Dr - #314

$218,500

Description

Palm Lake Condominiums, a 55+ community, has just undergone a major renovation, to include a new seawall, concrete restoration, brand new balconies, and painting inside and out. Enjoy watching the sun rise from your balcony with views overlooking the Intracoastal Waterway. The south-facing unit is bright and airy and features hurricane impact windows, 2 bedrooms, 2 baths, and updated kitchen. Palm Lake is tucked into a residential neighborhood on the Intracoastal. You will enjoy biking and walking through South Palm Park and Bryant Park neighborhoods north to town and the beach. Swim laps, or just chill, in the HEATED resort-style pool that fronts the Intracoastal with wide open water views for as far as the eye can see. Take a paddle board or kayak from shore and explore the

Property Information
Monthly Rent
$1,700
Monthly HOA
$651
rental Policy
STR Restrictions
Yearly Taxes
$358
Bedrooms
2
Bathrooms
2
SQFT
1,010
Furnished
unknown
Year built
1973
MLS
RX-10944270

Long-Term Rental Information
Revenue
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$22,116

Expenses
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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