Lake Worth Beach, FL 33460,915 S Dixie HWY 1
Lake Worth Beach, FL 33460,915 S Dixie HWY 1
Lake Worth Beach, FL 33460,915 S Dixie HWY 1
Listed by The Keyes Company
Bought with The Keyes Company
$1,010,000
Est. payment /mo
$1,100,000
8.2%
Est.Price: ?

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11 Baths
3,610 SqFt
SOLD DATE : 04/12/2024

Key Details

Sold Price $1,010,000

Property Type Commercial

Sub Type MultiFamily (5+ Units)

Listing Status Sold

Purchase Type For Sale

Square Footage 3,610 sqft

Price per Sqft $279

Subdivision Lake Worth Town Of

MLS Listing ID RX-10938090

Sold Date 04/12/24

Year Built 1950

Annual Tax Amount $8,242

Tax Year 2023

Lot Size 0.310 Acres

Property Description

OPPORTUNITY TO PURCHASE AN 11-UNIT MULTI FAMILY PROPERTY IN LAKE WORTH BEACH, FL. THIS INCOME PRODUCING PROPERTY HAS EXCELLENT VISIBILITY WITH FRONTAGE ON DIXIE HWY, WHICH HAS AN AADT OF 14,900 (2022 FDOT) AND VERY EASY ACCESS TO I-95. ADDITIONALLY, IT IS LOCATED IN A DEMOGRAPHICALLY DENSE AREA WITH A 5 MILE POPULATION JUST SHY OF 252,000. UNITS USUALLY OCCUPIED WITH LONG TERM TENANTS AND OF THE 11 UNITS, 10 ARE STUDIOS AND ONE IS A 1 BEDROOM/1 BATHROOM. UPSIDE POTENTIAL THROUGH A RENT INCREASE PROGRAM. ZONING IS MIXED USE, WHICH CAN ACCOMODATE COMMERCIAL USES SUCH AS OFFICES, EATING/DRINKING ESTABLISHMENTS, RETAIL, AUTOMOTIVE AND MUCH MORE. PLEASE INQUIRE FOR OFFERING MEMORANDUM.

Location

State FL

County Palm Beach

Area 5640

Zoning MU-DIXIE

Interior

Heating No Heat

Cooling Wall-Win A/C

Flooring Ceramic Tile, Other

Fireplaces Type Smoke Detector

Exterior

Utilities Available Municipal Water, Public Sewer, Public Water

Roof Type Other

Building

Story 100.00

Foundation CBS, Other

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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