Lake Worth Beach, FL 33460,432 S H ST
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Lake Worth Beach, FL 33460,432 S H ST
Lake Worth Beach, FL 33460,432 S H ST
Lake Worth Beach, FL 33460,432 S H ST
Lake Worth Beach, FL 33460,432 S H ST
Listed by Driftwood Realty Services
Bought with Coastal Classic Realty

$600,000

Est. payment /mo

$799,000

24.9%
Est.Price: ?

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432 S H ST Lake Worth Beach, FL 33460

1 Bath

2,875 SqFt

SOLD DATE : 04/15/2022

Key Details

Sold Price $600,000

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 2,875 sqft

Price per Sqft $208

Subdivision Lake Worth Town Of Lt 1 Blk 149

MLS Listing ID RX-10776489

Sold Date 04/15/22

Construction Status Resale

Year Built 1959

Annual Tax Amount $4,882

Tax Year 2021

Lot Size 3,484 Sqft

Property Description

Investment opportunity await you on S H Street in Lake Worth. This is a 6 unit, flex-space property. Each unit is approx 500 sf, 11 ft ceiling, Each unit has an OH doors (10x10). The building has 1 common bathroom. The property is in the A/I / Light industrial zoning. The property is leased out with room for a rent increase (no increases for the past 5 years however, the landlord just raised the rental rate to $500 /month in 2022 but that is still below market value). All leases are currently month to month. 1 unit pays the year upfront with a 10% discount & 1 unit is being used by the owners (current NOI is not including the owners unit) & they would be willing to lease back. The property has low expenses with the pro forma net income over $39,557. Great for Owner/Operator.

Location

State FL

County Palm Beach

Area 5640

Zoning AI(cit

Interior

Heating No Heat

Cooling Exhaust, None

Flooring Concrete

Fireplaces Type None

Exterior

Community Features Presently Leased

Utilities Available Electric, Public Sewer, Public Water

Waterfront Description None

Roof Type Other,Wood Truss/Raft

Present Use Presently Leased

Building

Foundation Block, CBS

Construction Status Resale

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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Daniel A. Hammer, Sr.

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+1(678) 575-6805

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