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646 Latona Avenue

Lake Worth Beach, FL 33460
  • $739,000
  • STATUS: Active
  • ON SITE: 226 Days
  • ID#: RX-10978437
UPDATED: 25 min ago
$739,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,880
    SQFT
  • $257
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1958
County:

School Ratings & Info

Description

Unique opportunity! This 4plex boasts individual units, each comprising 2 bedrooms and 1 bathroom, complete with separate water and electric meter & Parking. Currently rented at $1650 per month per unit, this property promises lucrative returns. Don't overlook the potential for significant cash flow! With a fully rented status below market rent, it offers an impressive 7.6% ROI. Proof of funds required with offers.

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www.kaufman-propertiesfl.com/homes/149256739
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646 Latona Avenue Lake Worth Beach, FL 33460

  • Price: $739,000
  • Status: Active
  • On Site: 226 Days
  • Updated: 25 min ago
  • ID#: RX-10978437
0
Beds
0
Baths
0
½ Baths
0.13
Acres
2,880
SQFT
$257
$/SQFT
1958
Built
Neighborhood:
Latona Court Amnded Plat
County:
Palm Beach
Area:
Lake Worth Beach
Property Description
Unique opportunity! This 4plex boasts individual units, each comprising 2 bedrooms and 1 bathroom, complete with separate water and electric meter & Parking. Currently rented at $1650 per month per unit, this property promises lucrative returns. Don't overlook the potential for significant cash flow! With a fully rented status below market rent, it offers an impressive 7.6% ROI. Proof of funds required with offers.
Exterior Features

Carport Spaces 0.00 Construction CBS Exterior Features Fence Lot Description < 1/4 Acre Lot Dimensions < 1/4 AcreSidewalks Private Pool YN No Roof Tar/Gravel Unit1 Parking Space Parking Unit2 Parking Space Parking Waterfront Description None Waterfront YN No

Interior Features

Cooling Wall-Win A/C Flooring Ceramic TileLaminate Heating Window/Wall Unit1 Bedrooms 2 Unit1 Desc A/C UnitDishwasherKitchenRange - ElectricRefrigerator Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 720 Unit2 Bedrooms 2 Unit2 Desc A/C UnitDishwasherKitchenRange - ElectricRefrigerator Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 720 Unit3 Bedrooms 2 Unit3 Full Baths 1 Unit3 Furnished No Unit3 Sq Ft 720 Unit4 Bedrooms 2 Unit4 Full Baths 1 Unit4 Furnished No Unit4 Sq Ft 720 Window Treatments Single Hung Metal

Property Features

Annual Net Operating Income 42645.00 Annual Total Expenses 28000.00 Auction No Available Info None Built Desc Resale Gated Community No Gross Operating Income 79200.00 Hoa Fee Per Month 0.00 Homeowners Association None HOPA No Hopa List Office Board Code Greater Fort Lauderdale Realtors Maintenance Fee Includes None Multifamily Type Quad Plex REO No Restrictions None Separate Electric Meters Yes Separate Water Meters Yes Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Other Special Info Foreign SellerSold As-Is Sq Ft Total 2880.00 Subdivision Amenities None Tax Amount 13087.90 Tax Year 2023 Taxes City/County Tenant Pays CableElectricWater Terms Considered CashConventional Unit1 Monthly Income 1650.00 Unit2 Monthly Income 1425.00 Unit3 Monthly Income 1650.00 Unit4 Monthly Income 1650.00 Utilities Public Sewer Zoning SF-TF-

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Michael Kaufman Real Estate
1200 N Federal Hwy, Suite 300
Boca Raton FL, 33432