Off-Market Condo: 14 at 511 Lucerne Ave, Lake Worth Beach, FL, 33460

511 Lucerne Ave, Lake Worth Beach, FL, 33460

- #614

$279,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $160 per day and long-term for an average of $2,500 per month, based on similar listings in the area. Estimated short-term cap rate of 2.3%. Estimated long-term cap rate of 1.1%. Sought after Contemporary Luxury Condo in heart of charming downtown Lake Worth Beach. Top Floor penthouse unit with soaring 10' ceilings, garden terrace with pool, sun deck & spa, complete fitness center, private access garage, and full size stackable washer dryer in unit. Unit has laminate and ceramic. tile flooring, all impact windows and granite countertops. This unit has been very lightly used by this owner since 2010.Only unit and at a great price!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$464
Rental Policy
daily
Yearly Taxes
$3676
Bedrooms
1
Bathrooms
1
SQFT
665
Furnished
unknown
Year built
2006
Listing Status
Off Market
MLS
RX-10959357

Short-term Rental Potential
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$33,360

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$419

Price/SQFT

Long-term Rental Potential
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$30,000

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,500/mo

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