602 N H Street #1A
Lake Worth Beach, FL 33460
Square Ft.
620
$1,100,000
PRICE CASH $998.000 several key advantages that make it an attractive investment and ownership opportunity. Two-Story Structure: The building is only two stories, which means it is not subject to Florida's 40-year recertification requirements—reducing potential future compliance costs and administrative burden. Association Control & Governance: The current seller controls approximately… Read More 95% of the Association voting interest, providing strong decision-making authority and streamlined governance. This level of control may allow for strategic adjustments to association policies or fees, if deemed necessary for the building's long-term stability and maintenance. On-Site Oversight: The owner of Unit 6B serves as an in-house supervisor who actively oversees the property. See attached document See attached document for more information Read Less
Courtesy of Atlantic Florida Properties In 561-713-1141
Listing Snapshot
Days Online
32
Last Updated
Property Type
Multi Family
Square Ft.
620
Year Built
1971
MLS Number
B26078626
Additional Details
Building
Built in 1971, Year Built Details: The property was built in the year 1971, 1 building, 2 stories, Construction Materials: Concrete, Stone, Stucco
Cooling
Electric, Wall/Window Unit(s)
Expenses
Insurance: $790, Maintenance: $3,600, Operating: $34,410, Other Expense: $1,000
Floors
Ceramic Tile, Tile, Vinyl
Heating
Window/Wall
Home Owner's Association
Fee Frequency: Monthly
Income
Gross ScheduledIncome: $123,600, Net Operating Income: $89,189.1
Parking
9 total parking spaces, Assigned
Property
Resale
Roof
Composition
Security Features
Smoke Detector(s)
Sewer
Public Sewer
Taxes
Parcel Number: 38434421210000010, Annual Amount: $2,337.56, Assessed Value: $88,579, Legal Description: TOWNSITE APTS SIX COND APT 1-A, Year: 2025, Zoning: MF-20 (city)
Tenant Pays
Cable TV
Utilities
Sewer Available, Water Available, Water Source: Public, Three Phase, 8 separate electric meters
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