$2,330,000
$2,500,000
6.8%For more information regarding the value of a property, please contact us for a free consultation.
231 S Palmway Lake Worth, FL 33460
7,251 SqFt
Key Details
Sold Price $2,330,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 7,251 sqft
Price per Sqft $321
Subdivision Lake Worth Town Of
MLS Listing ID A11545531
Sold Date 04/15/24
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1947
Annual Tax Amount $30,586
Tax Year 2023
Contingent Other
Property Description
The Wedgewood 223-231 S Palmway is a gated private oasis located within great walkability to downtown Lake Worth and beaches There are 9 units (3) Large 2/1s 1150 sf +/- (5)1/1 and (1) studio. These are not typical units but more like villas as they have private gardens for tenants to enoy as well as a lovely courtyard with gazebo shared amongst the community for tenants to enjoy. In addition there is coin laundry and owners storage. This is a stablized value add opp. where you there is no immedite capex required to increase rents to market. THE PROPERTY IS 100% OCCUPIED, CAN NOT SHOW WITHOUT OFFER. PLEASE SEE OFFERING PACKAGE IN ATTACHMENTS FOR DETAILS.
Location
State FL
County Palm Beach County
Community Lake Worth Town Of
Area 5610
Interior
Heating Central
Cooling Central Air
Flooring Tile, Wood
Exterior
Pool None
Utilities Available Cable Available
Waterfront No
Waterfront Description Bay Front
Roof Type Flat,Tile
Total Parking Spaces 9
Building
Lot Description 1/4 to 1/2 Acre Lot
Story 1
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories One
Structure Type Block
Construction Status Resale
Others
Tax ID 38434421150970151
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with ONE Commercial LLC