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214-216 S M St Lake Worth, FL 33460
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Key Details
Sold Price $715,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,521 sqft
Price per Sqft $283
Subdivision Lake Worth Town Of
MLS Listing ID A11079025
Sold Date 11/29/21
Construction Status Resale
HOA Y/N No
Year Built 1926
Annual Tax Amount $8,217
Tax Year 2020
Contingent No Contingencies
Property Description
The Bungalows are a 5 Unit multifamily asset in the heart of Lake Worth Beach. The property is comprised of three cottages housing, 5 units that have been very well cared for and renovated throughout ownership and 100% OCCUPIED! The property is currently owner-managed with annual leases in place. The Bungalows idyllic location also offers the opportunity to take advantage of the profitable vacation rental market. With The Bungalows being separate buildings, tenants can enjoy a sense of privacy and tranquility while being just a short walk to the hustle and bustle of downtown. These features position The Bungalows as a prime investment opportunity and
rental property.
UNIT MIX (1)2/1 (1)1/1 (2)STUDIOS (1) EFFICIENCY + COIN LAUNDRY & OWNER STORAGE
PLEASE SEE OFFERING MEMORANDUM ATTACHED
Location
State FL
County Palm Beach County
Community Lake Worth Town Of
Area 5620
Direction 2 blocks south of Lake Avenue on S M st (one way street heading north) property on the East Side of the street. From I 95 6th Ave S, head East to S M Street, head north 4 blocks property on the East side
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s), Wall/Window Unit(s)
Flooring Tile, Wood
Exterior
Pool None
Utilities Available Cable Not Available
Waterfront No
Roof Type Composition,Other,Shingle
Total Parking Spaces 5
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Level or Stories Two
Structure Type Frame
Construction Status Resale
Others
Tax ID 38434421150930050
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Other,See Remarks
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Bought with ONE Commercial LLC
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "