2309 Lake Worth Road, FL 33461 (MLS# A2008932)

2309 Lake Worth Road, FL 33461

$950,000
Property Type: Commercial Sale Square Footage: 8,190 Status: Closed
Current Price: $950,000 List Date: 9/23/2014 Last Modified: 11/15/2026

Overview

Description

8.5 CAP RATE-5 NICELY SPACED DUPLEXES, 2 PARKING LOTS, RECENT ROOFS, TOTAL INTERIOR UPGRADES, CENTRA A/C'S, INDIVIDUAL WASHER & DRYER, BRICK PAVED PRIVATE BACK YARDS, ONE MILE TO DINING-ARTS-ENTERTAINMENT DISTRICT, SEPARATE WATER & ELECTRIC METERS. GREAT ALF POTENTIAL.

Listing Details MLS# A2008932

General Property Information

Number Of Buildings
5
Property Sub Type
Multi Family
Number Of Units Total
Yes
Price Per Unit
109000
Occupant Type
Vacant
Building Area Main
8190
Year Built
1984
Year Built Details
Resale
Parking Total
20
Lot Size Area
42253.2
Lot Size Acres
0.97
Stories Total
Yes

Property Features

Building Features: Fenced Area Documents Available: Aerial Photo(s) Electric: 110 Volts; 220 Volts; Separate Meters Flooring: Tile Heating: Electric Location of Property: County Location Parking Features: Common; Free Possession: Negotiable Property Condition: Resale Sale Includes: Building; Furniture; Land Source Of Expenses: Pro Forma Tenant Pays: Electricity; Interior Electric; Maintenance; Sewer; Trash Collection; Water Construction Materials: CBS Cooling: Central Individual Listing Terms: Cash; Conventional; Other Road Frontage Type: County Road Roof: Shingle Security Features: Fire Alarm; Security Fence Sewer: Public Sewer Special Information: Corporate Owned Water Source: Public Showing Requirements: Call Listing Agent Acreage Description: 1/2 To Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
1090000

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
2309
Street Name
Lake Worth
Street Suffix
Road
State Or Province
FL
Postal Code
33461
Area
5660
Geographic Area
PB19
Parcel Number
00434420011130010
Zoning
MULTIFAM
Directions
FROM I-95 WEST ON LAKE WORTH ROAD. BUILDING IS ACROSS FROM LAKE OSBORNE ON NORTH SIDE. LOT RUNS ALL THE WAY TO N. 2ND AVENUE.
Property Description
MULTI

Financial Information

Tax Annual Amount
10862
Tax Year
2014
Tax Legal Description
MODEL LAND CO E 66 FT OF TR 113 (LESS S 25 2 5 FT SR 802 R/W)

Status Change Information

Major Change Timestamp
2015-01-17T01:08:18Z
Major Change Type
Status Change
Status Change Date
2015-01-19
Under Contract Date
2014-12-05
Close Date
2015-01-16
Close Price
950000
Buyer Financing
Conventional

More Information

Meter Information

Number Of Meters Total
11

Income and Expenses

Gross Scheduled Income
116400
Inc/Exp Statement Period
12 MONTHS
Net Operating Income
92343
Total Expenses
24057

Description of Unit Type 1

Units Total
10

Buyer Details

Intended Use
Investment

Concessions

Seller Concessions
No

Originating Details

Originating System Key
80177409
Originating System ID
M00000151
IDX
Listing Office: Capital Commercial R.E. Group
Source MLS Verified
Last Updated: November - 15 - 2026
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