Property is being sold together with the adjacent property at 1905 Lake Worth Rd. This is a Luxury Turnkey 6-unit apartment complex meticulously maintained and in pristine condition with no deferred maintenance. Fully occupied with excellent tenants. All units feature oversized one-bedroom layouts, with potential to convert select units into two-bedroom units for added value. Property includes on-site laundry, full security surveillance, and impact windows throughout. Tenants pay their own electric, and the four back units also pay their own water, keeping expenses low. Ample parking and easy management make this a strong income-producing investment. Both properties are being sold together for $1,795,000.
101 Akron Street, Lake Worth, FL, 33461
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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