Multi Family Apartment Building for Sale in Lake Worth. Asking price is $218,765. This property underwritten with current numbers provides an excellent investment opportunity. The deal provides a 14% return on your investment. There are 6 units in the complex. The property is fully rented.
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The Gross income from rents is $50,160. The Owner is retiring and very motivated to SELL. This deal is priced to sell fast. The roof is only 2 year old. Half of the tenants have GUARANTEED RENT paid by a Trust. This deal makes for a very solid investment in a good area of South Florida. The unit break down and rent roll is as follows:
Unit 1 1/1 $ 795
Unit 2 1/1 $695
Unit 3 Effic $650
Unit 4 1/1 $695
Unit 5 1/1 $695
Unit 6 Effic $650
Total Income = $4,180 monthly
Annual Income = $50,160
Expense:
Utilities $6,780
Tax $7,247
Insurance $6,000
Total Expenses= $20,027
Net Operating Income = $30,133
$30,1337/218,765=14% CAP This is your return on investment after expenses.
Contact Me Today for more Details or visit www.SokolowRealEstate.com
Stephen B. Sokolow
President/Broker
Greystone Real Estate Group
305-600-6858
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