525 S Broadway, Lantana, FL 33462

Description of 525 S Broadway, Lantana, FL 33462

Well maintained 2-story 14-unit garden style 7,244 sq ft apartment building. All units are 1BR/1BA & average 500 square feet. The onsite laundry room has 2 washers & 2 dryers. There is a 2nd floor storage room. Freshly seal coated parking lot! The newest leases are at $1,300-$1,400/month. With its close proximity to areas of interest, turn 1+ units into short term rentals to obtain even higher rental rates/ROI. The courtyard may be altered to add amenities. Under 4 miles away is Palm Beach State College, making student housing another option. With JFK Hospital 3.5 miles away, traveling nurses have rented apartments. This multifamily already has been approved for condo conversion should the new owner decide to move forward with that option. Do not disturb tenants. Shown by appointment only.

Property Details for 525 S Broadway, Lantana, FL 33462

Flooring

Carpet, Tile, Vinyl

Parking Features

Assigned, Guest

Pool Private

No

Year Built Details

Resale

Building Information for 525 S Broadway, Lantana, FL 33462

Building Area Total

7244

Building Area Units

Square Feet

Stories

2

Stories Total

2

Association

No

Property Information for 525 S Broadway, Lantana, FL 33462

Lot Features

In Residential Area

Lot Size Square Feet

12,323

Waterfront

No

View

No

Sewer

Public Sewer, Public Sanitation, Sewer

Water Source

Public

New Construction

No

Public Records for 525 S Broadway, Lantana, FL 33462

Parcel Number

40434503180220010

Tax Annual Amount

$23,709

Tax Year

2,021

Tax Legal Description

PINE STREET HOMESITES LTS 1 & 2 BLK 22

Zoning

R15

County Or Parish

Palm Beach County

Location