Property Description

Fully occupied 18 unit residential complex with leases in effect. Seventeen 1 bedroom/ 1 bath units and one 2 bedroom/ 1 bath unit, with a community laundry room. This five building complex sits on two 135 x 100 lots, with a lush landscape and 20 parking spaces. Each unit comes with a full appliance package, granite countertops, wood cabinets and travertine bathroom tiles. Other features include second floor impact windows, irrigation and surveillance systems, paver sidewalks, community gazebo, charcoal grills, as well as mini split and central air systems. Completely renovated in 2007, the buildings have been professionally managed and maintained ever since. Each unit maintains its own PCN and the active declaration of condominium documents will convey with the sale. 6.2% Cap rate.

: Electric, Window/wall, Central Individual, Other
: Ceiling Fan, Wall-win A/c, Central Individual
: Security Light, Fence, Tv Camera
: Comp Rolled, Mixed
: Cbs, Concrete
: Tile, Laminate
Address Map
W81° 56' 38''
N26° 36' 30.2''
MLS Addon
Re/Max Prestige Realty/LW
Michael William Luciano
Dixie Hwy. or I-95 to 6th Ave. S, East on 6th Ave. S, between J & K Streets.
: Cable, Public Sewer, Electric, Municipal Water, Separate Meter, Lake Worth Drain Dst
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707 6th Avenue, Lake Worth Beach, Florida 33460

Listing ID #RX-10574418
Basic Details
Property Type : Commercial/industry
Listing Type : For Sale
Listing ID : RX-10574418
Price : $2,390,000
Year Built : 1951
County : Palm Beach
City : Lake Worth Beach
Zipcode : 33460
Type : Multifamily (5+ Units)
Status : Active
SqFt - Living : 13,320 Sqft
Baths - Total : 18.00
Subdivision : ARTISAN CONDO
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