Off-Market Property at 1600 N Federal Hwy, Lake Worth Beach, FL, 33460

1600 N Federal Hwy, Lake Worth Beach, FL, 33460

$489,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $203 per day and long-term for an average of $4,325 per month, based on similar listings in the area. Estimated short-term cap rate of 1.0%. Estimated long-term cap rate of 3.8%. AMAZING! Well-kept townhouse in beautiful Lake Worth Beach, has NO HOA FEES, NO LEASE RESTRICTIONS! Only a few blocks from Downtown, just minutes to the Atlantic Ocean' s gorgeous beaches, Lake Worth Golf Course, Palm Beach Internal Airport, Restaurants, Banks, Shopping and much more.!! This 3/3 Townhouse also has a loft, which makes for a great home office, new matching flooring throughout, new appliances, inside laundry, exterior courtyard connects from the rear of the home to the 2-car garage. This property won't last long, it's definitely a must see!!!!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$2332
Bedrooms
3
Bathrooms
3
SQFT
1,696
Furnished
unknown
Year built
2004
Listing Status
Off Market
MLS
RX-10945359

Short-term Rental Potential
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$38,508

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$288

Price/SQFT

Long-term Rental Potential
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$51,900

Revenue
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Profit
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Cap rate
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Cash on Cash
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$4,325/mo

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