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$950,000 USD 7.4% Reduced $100,000

$950,000
7.4% Reduced $100,000

1.82 Acres Disagree?

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2905 N Us Hwy 1 Highway

Palm Beach County and the Treasure Coast Commercial Properties

$950,000
7.4% Reduced $100,000

1.82 Acres

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Property Highlights

  • Status : Closed
  • Year Built : 1955
  • Property Type : Multi Family
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Property Details

Cash Cow on US #1!15 Sources of Income.9 Studio Apartments, 2/1 Apt, 3/1 home, workshop + storage yard, 2 more storage yards, and billboard.Workshop is approximately 1,200 square feet.1.82 acres with approximately 220 feet on US Highway 1 and frontage on Anthony St.Currently maintains a hotel/motel license.Currently grossing $138,000 with Net of $108,000. (8.6% cap rate)(See Current Income and Expense summary under documents tab)Upside potential to get Net Income up to $131,000 for a 10.5% Cap Rate.Appointment Only. Do Not Disturb Tenants.

General Information
  • Acres: 1.82
  • Flooring: Tile
  • Lot Description: City Lot
  • Utilities: Cable Available, Electricity Available
  • Cooling: Other
  • Heating: Other
  • Roof: Built-Up
  • Cooling: Other
  • Heating: Other
  • Roof: Built-Up
Fees and Taxes
  • Tax Amount: $7,234
  • Tax Year: 2021
  • Tax Year: 2021

Listing Courtesy of Coldwell Banker Paradise.

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Jeff Lichtenstein's Echo Fine Properties

Echo Fine Properties

C 561-500-ECHO

O 561-500-ECHO

F 561-277-2500

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Jeff Lichtenstein's Echo Fine Properties

ECHO FINE PROPERTIES

C 561-500-3246

O 561-500-3246

F 561-277-2500

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