1010 S N Street Unit: 101
1010 S N Street Unit: 101
1010 S N Street Unit: 101
1010 S N Street Unit: 101
1010 S N Street Unit: 101
1010 S N Street Unit: 101
1010 S N Street Unit: 101
1010 S N Street Unit: 101
1010 S N Street Unit: 101
1010 S N Street Unit: 101
1010 S N Street Unit: 101
1010 S N Street Unit: 101
1010 S N Street Unit: 101
1010 S N Street Unit: 101
1010 S N Street Unit: 101
1010 S N Street Unit: 101
1010 S N Street Unit: 101
1010 S N Street Unit: 101
1010 S N Street Unit: 101
1010 S N Street Unit: 101
1010 S N Street Unit: 101
1010 S N Street Unit: 101
1010 S N Street Unit: 101
1010 S N Street Unit: 101
VIEW PHOTOS
$1,600,000

1010 S N Street Unit: 101

13,503.6 Sq.Ft.

Description

8 Unit apartment building with a community pool in East Lake Worth. There are 6 two bedroom/2 bath apartments & 2 one bedroom, one bath apartments. Each unit has separate meters. Buyer MUST be willing to buy with the current tenant in place until November 2026.Tenant has option for 2 additional 5 year terms. Being sold with tenant in place on 5 year NNN leases at $120k/year. 3% rent escalation per year. Tenant pays ALL expenses, capital expenditures, taxes, and insurance. 6% estimated CAP rate going up as rent escalation goes up. Showings need to be scheduled around tenants.

Share Property

Location

1010 S N Street 101, Lake Worth Beach, FL 33460

Status

Sold
BRUCE WARZOHA

BRUCE WARZOHA

TITLE

Founder

Property Amenities

Interior
Flooring Other
Area & Lot
Lot Area 0.31 Acres
Living area 13,503.6 Sq.Ft.
MLS® ID R10780122
Year Built 1984
Type Commercial
Status Sold
Exterior
Stories 2
Air conditioning Central Air
Heat type Central
Water Source Public
Security Features Smoke Detector(s)
Sewer Public Sewer
Roof Composition
Utilities Cable Available, Electricity Available, Sewer Available, Water Available
Finance
Sales Price $1,600,000
Real Estate Tax $19,909 yearly

Work With Us

Strategy, Luxury Marketing, Clear Communication, and Relationships have regularly placed Bruce Warzoha and the Coastal Real Estate team among the top 1% of real estate professionals in the industry. With strategic planning and innovative marketing techniques Bruce and his team are raising the standard and what you should expect when hiring a real estate company.