352 W Pine St
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352 W Pine St
5 Unit Apartment Building $980,000 ($196,000/Unit) 2.36% Cap Rate Lantana, FL 33462
Investment Highlights
- Close to beaches/dining/growing area
- Coin laundry machines/storage rooms for added income
- Split bedroom floorplans
Executive Summary
GREAT LOCATION IN THE CITY OF LANTANA A GROWING COMMUNITY WITH SHOPPING/DINING/STORAGE UNITS/CAR WASHES AND SO MUCH MORE , ALL 5 UNITS HAVE CENTRAL AIR & ALL UNITS HAVE TILE. EASY TO RENT. 5 MINUTES FROM LANTANA BEACH + RITZ CARLTON, 2 MINUTES FROM SHOPPING/SCHOOLS. 6 SEPARATE STORAGE ROOMS 6X6X9. OWNER IS NOT FINANCING ANY BUYER.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $980,000 | Building Class | C |
| Price Per Unit | $196,000 | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 4,694 SF |
| Cap Rate | 2.36% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Parking Ratio | 2.13/1,000 SF |
| Apartment Style | Low Rise |
| Price | $980,000 |
| Price Per Unit | $196,000 |
| Sale Type | Investment |
| Cap Rate | 2.36% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 4,694 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1972 |
| Parking Ratio | 2.13/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | $1,775 | 600 - 850 |
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Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 40-43-45-03-13-000-0013 | Total Assessment | $408,097 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2023 Payable 2023 |
PROPERTY TAXES
Parcel Number
40-43-45-03-13-000-0013
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$408,097
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023 Payable 2023
zoning
| Zoning Code | R15, Lantana (LYMANS M K AMENDED W 50 FT OF LT 1) |
| R15, Lantana (LYMANS M K AMENDED W 50 FT OF LT 1) |
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Palm Beach Managers LLC
352 W Pine St
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