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112 Milton St 226 Unit Apartment Building $699,000 ($3,093/Unit) 6% Cap Rate Lantana, FL 33462
Investment Highlights
- Separate water and electric meters
- Two fully updated 2-bedroom / 1-bath units
- In-unit washers and dryers
- Close to the beach
- Modern kitchens with contemporary appliances
- Private patios for outdoor living
Executive Summary
Discover this beautifully updated duplex featuring two separate units, each offering 2 bedrooms and 1 bath. Both units include modern upgraded kitchens with contemporary appliances, in-unit washers and dryers, central A/C, and private patios ideal for relaxing or entertaining. Each unit also benefits from separate meters for water and electricity, ensuring straightforward billing for tenants. Dedicated parking spaces provide added convenience. Includes room temperature storage! Move-in ready, this duplex offers comfort, privacy, and an excellent location JUST A FEW MINUTES TO THE BEACH—don’t miss it!
A new vinyl fence will be installed!
Pre-approval required to scheduling a showing.
A new vinyl fence will be installed!
Pre-approval required to scheduling a showing.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $699,000 | Apartment Style | Garden |
| Price Per Unit | $3,093 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 6% | Building Size | 2,096 SF |
| Gross Rent Multiplier | 12.14 | Average Occupancy | 0% |
| No. Units | 226 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1954 |
| Property Subtype | Apartment | Parking Ratio | 1.91/1,000 SF |
| Zoning | R15—MULTI-FAMILY (HIGH DE - Multifamily | ||
| Price | $699,000 |
| Price Per Unit | $3,093 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Gross Rent Multiplier | 12.14 |
| No. Units | 226 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 2,096 SF |
| Average Occupancy | 0% |
| No. Stories | 1 |
| Year Built | 1954 |
| Parking Ratio | 1.91/1,000 SF |
| Zoning | R15—MULTI-FAMILY (HIGH DE - Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Ceiling Fans
- Dining Room
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 226 | $2,400 | 682 - 1,245 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 40-43-45-03-15-004-0280 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $487,084 (2025) |
Property Taxes
Parcel Number
40-43-45-03-15-004-0280
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$487,084 (2025)
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112 Milton St
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