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Tropical Terrace

$1,550,000

977 Miner Rd, Lantana, FL 33462

Active
Last Updated: 06/22/2025

5,860 sqft

Building Size

1

Units

Details:
Building Size:    5,860 sqft
Units:    1
Year Built:    1959
Floors:    1
Parking Spots:    10
Gross Leaseable Area:    4,376
Highlights:
  • Lot Features: 1/2 To Less Than 3/4 Acre Lot
  • Documents Available: Financial Statement, Copy Of Lease(S)
  • Architectural Style: Attached
  • Cooling: Ceiling Fan(s), Central Air, Wall/Window Unit(s)
  • Heating: None
  • Flooring: Ceramic Floor
  • Construction Materials: Concrete Block Construction, CBS Construction
Description:

BIG MARKET REDUCTION....3 bed 2 bath Single family and 8 - 1 bedroom 1 bath apartments. Zoned 10 units. All units are 100% occupied. Market rents. Call for details. All units have open patios in back. Single Family house has covered porch and large fenced in yard. Long term tenants in place. 8 unit apartments have hurricane impact windows. All newer electric panels, tile flooring. Appraisal has been done by current owner. CAP RATE IS 7%.

Map:
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Today's Available Mortgage Rates

977 Miner Rd, Lake Worth, Florida 33462

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 06/14/2025
Bank*Lender #1049
5 Year Fixed
25 Year Amortization
Interest rate 5.96% 5 Year Fixed
Mo. Payment$5,074 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $0 Lender fees
Loan Amount $790,500 Loan Amount
Details
Bank*Lender #1049
7 Year Fixed
25 Year Amortization
Interest rate 6.09% 7 Year Fixed
Mo. Payment$5,137 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $0 Lender fees
Loan Amount $790,500 Loan Amount
Details
Bank*Lender #1049
10 Year Fixed
25 Year Amortization
Interest rate 6.19% 10 Year Fixed
Mo. Payment$5,084 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 50% LTV $0 Lender fees
Loan Amount $775,000 Loan Amount
Details
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CommLoan is providing quotes for information purposes only. For additional information on the largest commercial real estate lending marketplace, visit: www.commloan.com.

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