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1700 S Federal Highway, 1-22 Lake Worth, FL 33460

  • 9,000 sqft
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Commercial-Active $ 2,125,000

MLS#: RX-10446279

Courtesy of: Joe Sauter, Joe Sauter Realty 'A Name You Can Trust In'

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Description

CASH COW! - 13% CAP - 22 units with pool and plenty of parking. 1 electric and 1 water meter. Newer 12,000 btu A/C's in all rooms with newer beds, furniture, artwork, 32 inch flat screens, refrigerators + microwaves. All rooms tiled throughout. 900 sq ft owner/manager apt. that has a 900 sq ft office below it, both have C/A/H. 32-Unit security camera's. At seller's discretion, he is operating this part-time to cover expenses turning away 6-12 customers daily. This property has the potential income of $330-$350k annually with total expenses of approximately $70-$80k annually. This is a cash deal only! Proof of funds needed to show or to submit offers. Let your experienced motel investor do the math. Located between Lake Worth and Lantana Beaches, 2 blocks west of intracoastal.

Specifications


    Contract Information


  • No
  • 236.11

    General Property Description


  • Yes
  • Yes
  • Resale
  • 22 Unit Motel
  • 0.54

    Location, Tax & Legal


  • PB16
  • Blackwell Park Rev PL Lts 15,17 & W 20 FT of LT 19 & South Palm Park Lts 46,48 & LT 50 (Less Wly 33.20 FT S Fed Hwy R/W)
  • 2017
  • PO/MF
  • 17219

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