1105 S Federal Hwy # 1, Lake Worth FL 33460,Lake Worth,Palm Beach County,Commercial Sale

Casa Loma is an excellent 2-story concrete block boutique apartment building with 14 units in Lake Worth Beach. Built in 1990, the property has been recently renovated with a brand-new roof, impact windows and doors, new signage, security cameras, and more. All unit interiors have been renovated with stainless steel appliances, granite countertops, porcelain flooring, window blinds, and modern kitchen cabinets. In addition, current ownership has recently installed 12 new Mitsubishi mini-split AC units in 12 of the units.
The property provides a new owner the flexibility to operate short-term or long-term leases as it comes with a transient license. The property has been historically operating at or near 100% occupancies with effective rents of $1,678 per unit.