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4177 S Congress Ave
Lake Worth, FL 33461
Lake Worth Apartments · Multifamily Property For Sale
·
16 Units
PROPERTY FACTS
| No. Units | 16 | Building Size | 10,880 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1987/2007 |
| Building Class | C | Parking Ratio | 4.5/1,000 SF |
| Lot Size | 1.98 AC | ||
| Zoning | UI - Residential MF and or Assisted Living Facility Zoned 29 Bed ALF | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.98 AC |
| Building Size | 10,880 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1987/2007 |
| Parking Ratio | 4.5/1,000 SF |
| Zoning | UI - Residential MF and or Assisted Living Facility Zoned 29 Bed ALF |
AMENITIES
UNIT AMENITIES
- Kitchen
ABOUT 4177 S CONGRESS AVE , LAKE WORTH, FL 33461
Charles Rutenberg Realty is pleased to bring to market a fully approved plan for a 29-bed Assisted Living Facility (ALF). Currently, there is an existing multi-family property on the parcel, located in the heart of Lake Worth. This unique ALF will feature semi-private apartment living with 24-hour care, meals in the new dining room, lounging rooms with television, and activities center. The property was recently upgraded, including a new generator and sprinkler and alarm system. The upgrades are a part of the full set of plans, which are now with the city for permitting. The owners may be interested in selling to an experienced operator of ALFs, or they will finish the work, start the business, fill -up the beds, and then sell for a higher value as fully stabilized ALF. This is an unmatched investment; however, you will want to take advantage now to get this property much cheaper before the work is done and the beds are rented.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 14 | - | 675 |
| 2+1 | 2 | - | 715 |
PROPERTY TAXES
| Parcel Number | 70-43-44-30-01-031-0030 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,450,279 |
PROPERTY TAXES
