1010 S N Street 101, Lake Worth Beach, Florida 33460 (MLS# R10780122)
1010 S N Street 101Lake Worth Beach, Florida FL33460
8 Unit apartment building with a community pool in East Lake Worth. There are 6 two bedroom/2 bath apartments & 2 one bedroom, one bath apartments. Each unit has separate meters. Buyer MUST be willing to buy with the current tenant in place until November 2026.Tenant has option for 2 additional 5 year terms. Being sold with tenant in place on 5 year NNN leases at $120k/year. 3% rent escalation per year. Tenant pays ALL expenses, capital expenditures, taxes, and insurance. 6% estimated CAP rate going up as rent escalation goes up. Showings need to be scheduled around tenants.