1314 S M St
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Priced to sell. This property consists of four 2 bd / 1 ba units. Located within 2 miles of lantana and lake worth beaches, downtown, shops, restaurants, amenities and direct access to i-95. The area boasts new construction, including the highly anticipated water tower commons of lantana. The property has been completely renovated. It is currently listed as vacant but we are in the process of narrowing down the four upcoming tenants. The tenant move-in date is scheduled for nov 15th. Buyer will have the option of purchasing property vacant or occupied. Expected return: @ $546k. Annual income = $61,200. Noi = $45. 8k. Cap rate = 8. 3%. As an investor, you are buying a stable, turnkey property, with the highest cap rate in lake worth. Check out 3d tour.
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