2593 Northside Drive
About This Property
This canal-front gem in Lake Worth has a spacious lawn, and a huge ''oasis-like'' backyard. The canal has direct access to Lake Osborne.
This original 1962 home, built with reinforced concrete, has had its ROOF REPLACED in 2011, along with many other upgrades.
Laminate and terrazzo flooring through the home, Large Florida room with access to the back yard and the canal.
This home has everything you can ask for, updated kitchen, a garage, accordion shutters, a jacuzzi... even a FULLY FUNCTIONING FIREPLACE! Duro Last Flatroof - heat pressured sealed pvc roofing system in back Florida room. New crown molding and walls in living room, dining room, hallway linen closets. Custom mantel on Fireplace. Custom french doors in dining room. AC Compressor and air handler installed in 2012, 3.5tons with Dual APCO Air purifier system with fluorescent lamps to eliminate and prevent bacteria and mold. All attic ductwork replaced and rerouted to make Florida room more efficient. New wood laminate flooring in living room, dining room, and florida room (2009 & 2013). New kitchen upgrade - including cabinets, counter top, appliances. Bathroom upgraded with new tile work, vanity and fixtures. Back bathroom has updated plumbing, toilet, vanity/mirror and tile work. Custom closets in all 3 closets. Rust-Oleum Epoxyshield garage floor upgrade. New efficiency windows on 22 windows. Accordion hurricane shutters throughout home. Chainlink fenced backyard. Dock rights/permit available through Lake Worth Drainage Department. New electrical panel. Jacuzzi spa equipment upgraded. Replaced attic insulation.
Current owner is the second owner of the home, has the original plans of the house when it was originally built.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017