Off-Market Property at 208 S M St, Lake Worth Beach, FL, 33460
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208 S M St, Lake Worth Beach, FL, 33460

$632,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $518 per day and long-term for an average of $4,400 per month, based on similar listings in the area. Estimated short-term cap rate of 11.4%. Estimated long-term cap rate of 0.9%. Situated just 0.7 miles away from the shoreline, this charming Old Spanish-style duplex, boasting mixed-use zoning, beckons in the heart of downtown Lake Worth. With two distinct units, it stands as a versatile investment opportunity. Fully furnished and primed for short-term rentals, it offers immediate revenue potential. Alternatively, you can choose to reside in one unit while leasing out the other, creating a steady stream of passive income. Embrace the tranquil ambiance of the expansive fenced-in yard, evoking an oasis-like retreat at home.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$6668
Bedrooms
5
Bathrooms
2
SQFT
2,072
Furnished
unknown
Year built
1926
Listing Status
Off Market
MLS
RX-10972916

Short-term Rental Potential
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$119,016

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$305

Price/SQFT

Long-term Rental Potential
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$52,800

Revenue
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Profit
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Cap rate
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$4,400/mo

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