9 Waterfront Units in Lake Worth (AirBnB 12.9% Cap Rate) For Sale
- 9 Units
- 9 Bedrooms / 9 Bathrooms Total
- Commercial
- Waterfront
- 4 Buildings total:
- Building #1: 1,160 Sq ft CBS built in 1952
- with 2 bedrooms and 2 baths
- Building#2: 900 Sq ft CBS built in 1952
- with 2 bedrooms and 2 baths
- Building #3: 900 Sq ft CBS built in 1952
- with 2 bedrooms and 2 baths
- Building #4: 900 Sq ft CBS built in 1952
- with 2 bedrooms and 2 baths
- Total living Sq ft: 3,956
- Condition:
- All 9 Units are fully furnished, and operating as a cash flowing airbnb.
- All 9 Units are in Great Condition.
- All Tankless water heaters
- All Led Fixtures, Central AC units are 3 years old,
- All have new AC Ducts, All Stainless Steel appliances.
- Gross Annual Income:
- Airbnb: $275,132
- Square: $6,988
- Cash: $10,000
- Annual Expenses:
- RE Taxes: $9,668
- Cleaning: $32,000
- Insurance: $7,500
- Landscaping: $2,400
- Supplies: $6,000
- Utilities: $8,000
- Internet/Cable: $4,000
- Bed (Hotel) Tax: $12,000
- Misc: $10,000
- Total Gross Annual Income: $292,120
- Total Annual Expenses: $91,868
- Net Operating/Annual Income is $200,252
- Cap Rate: 12.9%
- Price:
- $1,550,000
- Address:
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- Terms:
- For Sale
- Property Type:
- Multi-family
Call 561-264-5609 for more details