Off-Market Condo: 02 at 208 S Lakeside Dr, Lake Worth Beach, FL, 33460

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

- #102

$555,000

Description

Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $194 per day and long-term for an average of $3,500 per month, based on similar listings in the area. Estimated short-term cap rate of -2.3%. Estimated long-term cap rate of -1.2%. Hidden gem along Bryant Park with panoramic water views that draw you outside from this first floor, park-access unit. Park Towers is a pet friendly, boutique condo with just 13 units. Walk everywhere! May rent immediately, minimum 3 months, once a year. NO AIRBNBS. The Intracoastal waterway is literally outside your front door. Walk to the oceanfront in minutes. You are just two blocks from hip and artsy downtown Lake Worth Beach with its sidewalk cafes, art galleries and retail shops. And it's just 2 blocks from the much-anticipated historic Gulfstream Hotel renovation project that will feature multiple restaurants, a rooftop bar, and spa. Stunning reno with no detail overlooked. Solid maple white Shaker cabinetry with

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$650
Rental Policy
daily
Yearly Taxes
$5352
Bedrooms
2
Bathrooms
2
SQFT
1,100
Furnished
unknown
Year built
1973
Listing Status
Off Market
MLS
RX-10963689

Short-term Rental Potential
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$35,688

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$504

Price/SQFT

Long-term Rental Potential
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$42,000

Revenue
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Profit
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$3,500/mo

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