Investment Home: 825 Truman Ave, Lake Worth Beach, FL, 33460, LakeWorthBeach, FL - $0 Yearly Profit

825 Truman Ave, Lake Worth Beach, FL, 33460

$1,075,000

Description

Great opportunity to acquire a remodeled and cash flowing quadplex - ready to be delivered with one vacant unit to take advantage of an ASSUMABLE (!!!) FHA loan at 3%! The property generated in 2023 $109k in GRI (see docs for T12). Proforma for 2024 is $127k (mainly from higher rent from upgraded units + additional income). Please do not disturb the tenants. Enjoy a stabilized asset with reliable tenants (one annual lease, two month-to-month, one currently vacant unit ready to rent). This property is located just minutes away from LWB Downtown, groceries, restaurants, the beach and Palm Beach State College. Adjacent LWB Howard Park is a family friendly and recently improved recreational park (soccer, basketball, BBQ, playground, etc.) and an added value for local tenant

Property Information
airbnb avg Daily
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Occupancy Rate
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Monthly HOA
$0
rental Policy
daily
Yearly Taxes
$15712
Bedrooms
11
Bathrooms
5
SQFT
3,781
Furnished
unknown
Year built
1960
MLS
RX-10957419

Short-Term Rental Information
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$84,360

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