Description
Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $234 per day and long-term for an average of $3,094 per month, based on similar listings in the area. Estimated short-term cap rate of 2.1%. Estimated long-term cap rate of 0.7%. CONCRETE-BLOCK LEGAL DUPLEX (2 units)! PRIZED LOCATION IN LAKE WORTH BEACH! MOST DESIRABLE QUADRANT OF THE CITY... NORTH of Lake Ave., EAST of Dixie Hwy. Just two blocks from the prestigious College Park neighborhood! Built in 1952, this multifamily income-producer is extensively updated throughout. Impact windows, luxury-vinyl flooring, central a/c, granite countertops, crown moulding, and so much more. On-site laundry. TWO LARGE DRIVEWAYS provide valuable off-street parking to occupants. Under-market leases are expiring soon. Projected rents are: $3,100 + $1,200. The 2-bedroom unit is easily converted to a 3-bedroom. One block off of North Dixie Hwy., there are a multitude of conveniences within walking distance. Beautifully landscaped large corner lot.
Property Information
Airbnb Avg Daily | See Full Details |
Occupancy Rate | See Full Details |
Monthly HOA | $0 |
Rental Policy | daily |
Yearly Taxes | $7191 |
Bedrooms | 2 |
Bathrooms | 2 |
SQFT | 1,366 |
Furnished | unknown |
Year built | 1952 |
Listing Status | Off Market |
MLS | RX-10979724 |
