Multifamily in Lake Worth Beach, FL 33460

Lake Worth Town, 223 S Palmway

THE WEDGEWOOD APARTMENT IS AN AMAZING INCOME PRODUCING COMPOUND CONSISTING OF 8 TOTAL UNITS (4 TWO BEDROOMS ONE BATH AND 4 ONE BEDROOM ONE BATH) WALK INTO THE GATED COURTYARD TO THE METICULOUSLY MAINTAINED YARD/LUSH LANDSCAPING. ALL UNITS WITH SOLID WOOD FLOORS/TILES, ALL UNITS WITH CENTRAL A/C'S. BOTH BUILDINGS WITH NEW ROOFS. PER LOCATION, YOU ARE STEPS TO THE INTRACOASTAL WITH A VIEW OF THE INTRACOASTAL FROM THE SE CORNER OF THE BUILDING. WALK TO DOWNTOWN LAKE WORTH AND THE BEACHES! ALL UNITS WITH PRIVATE PATIO, TWO FRONT UNITS ARE FENCED IN AND THE ENTIRE BUILDING IS FENCED IN. TWO STORAGE SHED AND IN HOUSE COIN LAUNDRY. 8% CAP BASED ON CURRENT RENT ROLL WITH EXCELLENT OPPORTUNITY FOR FUTURE RENT INCREASE TO MARKET RATE. (ALL UNITS CURRENTLY RENTING UNDER MARKET). EVERY TENANT IS ON ANNUAL LEASE. THE PROPERTY IS ZONED MULTI FAMILY WITH OVER 7,100 OF TOTAL AREA UNDER AIR. TRUE TURN KEY OPPORTUNITY! RENT ROLLS, LEASES AND INCOME AVAILABLE UPON REQUEST. SERIOUS INQUIRIES ONLY.