Property
| Ownership: | Commercial |
|---|---|
| Type: | Retail |
| Area: | 5600 sq ft |
Financials
Price:$1,700,000
Listing Courtesy of KMF Business Advisors
High yield, income producing 3 unit commercial condo portfolio in the South Palmway Bryant Park corridor of Lake Worth Beach, Florida.
Description
High-yield, income-producing 3-unit commercial condo portfolio in the South Palmway / Bryant Park corridor of Lake Worth Beach, Florida.Each unit is leased to stable tenants -- a gym, cafe, and barber shop -- on active 3-year leases with annual 5 % rent increases and renewal options.Unit 101 - Gym: 1,022 SF | $4,000 / month | $6,800 annual taxUnit 102 - Cafe: 1,196 SF | $3,000 / month | $6,300 annual taxUnit 103 - Barber: 1,196 SF | $1,800 / month | $3,000 annual taxTenants' monthly payments include the $755 CAM fee (insurance, property taxes & HOA) for hands-off management and predictable cash flow.Built in 2018, the property features modern design, high ceilings, tile floors, and central A/C. Steps from Bryant Park, the Intracoastal Waterway, and
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
