$650,000
Lake Worth Beach, FL 33460
MLS# RX-10972916
2072 sqft
1 / 15
Property Description
Situated just 0.7 miles away from the shoreline, this charming Old Spanish-style duplex, boasting mixed-use zoning, beckons in the heart of downtown Lake Worth. With two distinct units, it stands as a versatile investment opportunity. Fully furnished and primed for short-term rentals, it offers immediate revenue potential. Alternatively, you can choose to reside in one unit while leasing out the other, creating a steady stream of passive income. Embrace the tranquil ambiance of the expansive fenced-in yard, evoking an oasis-like retreat at home.
Details
Maps
Contract Information
Listing Date: 2024-03-28
Status: Active
Original List Price: 660000
Auction: No
List Price: $650,000
Current Price: $650,000
List Price/SqFt: 313.7
Comm/Non-Rep: 2.5%
Comm/Buyer Agent: 2.5%
Comm/Trans Brk: 2.5%
General Property Description
Type: Duplex
Structure Type: Duplex
Total # of Units: 2
Property Condition: Resale
Year Built: 1926
Number of Stories: 2
SqFt - Total: 2072
SqFt - Living: 2072
SqFt Source: Appraisal
Gated Community: No
Homeowners Assoc: None
Directions: Exit 63, go east on 6th Ave, turn left to S M Street. House is by 2nd Ave and S M street intersection.
Subdivision: Bryant Park
Lot SqFt: 5711
Waterfront: No
Private Pool: No
Pets on Premises: Yes
Separate Elec Meters: Yes
Separate Wtr Meters: Yes
Location, Tax & Legal
Area: 5610
Geo Area: PB16
Country: United States
County: Palm Beach
Parcel ID: 38434421150930071
Street #: 208
Street Dir: S
Street Name: M
Street Suffix: Street
State/Province: FL
Zip Code: 33460
Short Sale: No
Short Sale A/U: N/A
Short Sale Addendum: No
Multiple Ofrs Acptd: Yes
REO: No
HOPA: No Hopa
Legal Desc: TOWN OF LAKE WORTH W 102 FT OF S 45 FT OF LT 7 & E 33 FT OF S 34 FT OF LT 7 BLK 93
Zoning: MU-E
Tax Year: 2023
Taxes: 6668
Special Assessment: No
Geo Lat: 26.613062
Geo Lon: -80.053231
Office/Member Info
DXORIGMLNO: RX-10972916
DXORIGMLSID: RML
Unit 1 Info
Bedrooms: 3
Full Bath: 1
Furnished: Yes
SqFt: 1050
Monthly Income: 3000
Unit 2 Info
Bedrooms: 2
Full Bath: 1
Furnished: Yes
SqFt: 1050
Monthly Income: 2500
Income & Expenses
Gross Operating Inc: 66000
Annual Total Expense: 8000
Annual Net Oper Inc: 58000
Property Features
Source of Expenses: Owner
Construction: Stucco
Waterfront Details: None
Unit 1 Desc: Built-in Shelves; Dryer; Electric Meter; Laundry; Refrigerator; Utility; Washer
Unit 1 Parking: None
Unit 2 Desc: Built-in Shelves; Electric Meter; Pantry; Washer
Unit 2 Parking: None
Lot Description: East of US-1; < 1/4 Acre
Exterior Features: Exterior W/D Hookup; Fruit Tree(s); Room for Pool; Shed
Subdiv. Amenities: Bike - Jog; Boating; Cafe/Restaurant; Picnic Area; Street Lights
Tenant Pays: Cable; Electric
Restrict: None
Flooring: Linoleum; Laminate
Cooling: Ceiling Fan; Wall-Win A/C
Heating: No Heat
Roof: Tar/Gravel
Terms Considered: Cash
Utilities: Public Sewer; Public Water
Storm Protection: None
Taxes: Homestead; Widow Exemption
Avail Info: None
Possession: At Closing; Subject to Lease
Showing Instructions: Text Listing Agent
Listing Office: Keller Williams Coastal Partners
Last Updated: April - 15 - 2024
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Sunday 28th of April 2024 11:50 AM