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Priced at Only: $679,000
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Property Location and Similar Properties
- MLS#: R11139720 ( Residential Income )
- Street Address: Address Not Provided
- Viewed: 43
- Price: $679,000
- Price sqft: $192
- Waterfront: No
- Year Built: 1928
- Bldg sqft: 3544
- Total Baths: 4
- Days On Market: 97
- Additional Information
- Geolocation: 27 / -80
- County: Palm Beach
- City: Lake Worth Beach
- Zipcode: 33460
- Subdivision: Lake Worth Town Of
- Elementary School: South Grade
- Middle School: Lake Worth
- High School: Lake Worth
- Provided by: Brown Harris Stevens of PB
- DMCA Notice
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DescriptionSpectacular Investment Opportunity! Prime income producing triplex ideally located just steps from vibrant Downtown Lake Worth Beach and only minutes from the ocean. Situated on a 0.16 acre lot, this property is zoned 0800 multifamilyallowing for up to five units (or potentially more)! Restore and rent the existing three units at full market value, or tear down and build new to maximize cash flow potential. The property sits just half a block from Lucerne and Lake Avenue, an area in high demand with tenants for its walkability and proximity to shops, dining, entertainment, and the Tri Rail station. Current tenants are month to month, full flexibility to either retain them for steady income or renovate and reposition for higher return. Property in need of rehab and upgrades opportunity in one of Lake Worth's most sought after rental corridors! Please drive by only and do not disturb tenants.
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Building and Construction
- Exterior Features: None
- Flooring: Other
- Roof: Other
School Information
- High School: Lake Worth
- Middle School: Lake Worth
- School Elementary: South Grade
Utilities
- Cooling: Other
- Electric: Three Phase
- Heating: Other
Amenities
- Association Amenities: Sidewalks
Finance and Tax Information
- Tax Year: 2025
Rental Information
- Tenant Pays: Electricity
Other Features
- Legal Description: TOWN OF LAKE WORTH LTS 24 & 25 BLK 7
- Parcel Number: 38434421150070240
- Views: 43
- Zoning Code: SF-TF-14
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