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301 S M St Multifamily Building
About 301 S M ST , LAKE WORTH , FL 33460
| Price | Not Individually For Sale | Building Class | C |
| Property Type | Multifamily | Lot Size | 0.23 AC |
| Property Subtype | Apartment | Parking Ratio | 0/1,000 SF |
| Price | Not Individually For Sale |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.23 AC |
| Parking Ratio | 0/1,000 SF |
Executive Summary
The Subject Property is well located in downtown Lake Worth, east of Dixie Highway, west of Federal Highway and three blocks south of Lake Avenue. This opportunity offers an investor a solid return in a highly appreciating Lake Worth location with single family homes selling from the $400s. Located, just three blocks south of beautiful Lake Avenue, the property is in walking distance to numerous upscale shops and restaurants. This opportunity to acquire a well located, turnkey property in a premier location would be a great asset to any investor’s portfolio. The apartment property consists of 5 units comprised of 4-2/1s and 1 efficiency unit. The rents are significantly below market and the property consistently remains 100% leased with a waiting list. The property was originally constructed in 1925 out of Dade County pine, which is as hard as concrete, and was renovated in the 90s. The units have been updated with new flooring, appliances, A/Cs and the roof is in good condition. An investor could also get residential financing allowing them to come in with less money & get a lower interest rate compared to commercial loans.
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