Investment Opportunity

1829 North A Street Unit 56 & 59, Lake Worth FL 33460

2 BEDS

1 BATH

755 SQ FT

$98,000 Price

Investment Details

Priced at $98,000. The rental rate $1,200 per month, tenant pays electric. Condo fees are +/-$329 per month and taxes +/- $82 per monthly yielding an unleveraged yearly cash on cash return of +/-10.%. If leveraged with 25% down and a mortgage at 6% the return increases to over 23% ROI. Valuation of units using a 7% Cap Rate establishes value of each unit at $145,885.

Newly Renovated

2 units available (56 & 59), two bedroom one bath priced at $98,000. Fulled renovated kitchen and bathroom, marble countertops, tile floors, new impact windows installed.