$818,000
Lake Worth Beach, FL 33460
MLS# RX-10978519
Status: Active Under Contract
1344 sqft
1 / 44
Property Description
3 unit multifamily property in Historic Lake Worth Beach. Completely renovated in 2023 with impact windows/ doors, new roof, central a/c systems, tankless water heater, gas, plumbing and more. Each unit has been thoughtfully designed with hardwood floors, complete kitchen, washer & dryer and a stylish bathroom. Complete with off street parking, tropical landscaping and fenced-in yard. Property is blocks to downtown, a few minutes to the beach and centrally located in Palm Beach County. All units are leased through 2024.
Details
Maps
Documents
Contract Information
Listing Date: 2024-04-16
Status: Active Under Contract
Original List Price: 829999
Auction: No
List Price: $818,000
Current Price: $818,000
List Price/SqFt: 608.63
Comm/Non-Rep: 2.5%
Comm/Buyer Agent: 2.5%
Comm/Trans Brk: 2.5%
General Property Description
Type: Triplex
Structure Type: Triplex
Total # of Units: 3
Property Condition: Resale
Year Built: 1945
Number of Stories: 1
SqFt - Total: 1734
SqFt - Living: 1344
SqFt Source: Tax Rolls
Gated Community: No
Homeowners Assoc: None
Directions: From Federal Hwy- 9th Ave N. to corner of K Street and 9th Ave. N.
Subdivision: LAKE WORTH TOWN OF
Lot SqFt: 6752
Lot Dimensions: 50 X 135
Waterfront: No
Private Pool: No
Pets on Premises: No
Separate Elec Meters: Yes
Separate Wtr Meters: No
Location, Tax & Legal
Area: 5610
Geo Area: PB16
Country: United States
County: Palm Beach
Parcel ID: 38434421152420090
Street #: 829
Street Dir: N
Street Name: K
Street Suffix: Street
State/Province: FL
Zip Code: 33460
Short Sale: No
Short Sale A/U: N/A
Short Sale Addendum: No
REO: No
HOPA: No Hopa
Legal Desc: TOWN OF LAKE WORTH LT 9 BLK 242
Zoning: SF-TF-
Tax Year: 2023
Taxes: 9555
Geo Lat: 26.626151
Geo Lon: -80.055264
Office/Member Info
DXORIGMLNO: RX-10978519
DXORIGMLSID: RML
Status Change Info
Under Contract Type: Active Under Contract
Under Contract Date: 2024-05-13
Unit 1 Info
Bedrooms: 1
Full Bath: 1
Furnished: No
SqFt: 280
Monthly Income: 1750
Lease Ends: 2026-01-31
Unit 2 Info
Bedrooms: 2
Full Bath: 1
Furnished: No
SqFt: 532
Monthly Income: 2050
Lease Ends: 2024-12-31
Unit 3 Info
Bedrooms: 2
Full Bath: 1
Furnished: No
SqFt: 532
Monthly Income: 2150
Lease Ends: 2024-11-30
Income & Expenses
Gross Operating Inc: 71400
Annual Total Expense: 21096
Annual Net Oper Inc: 50303
Storm Protection
Impact Glass: Complete
Property Features
Source of Expenses: Owner
Construction: Fiber Cement Siding; Frame
Waterfront Details: None
View: Garden
Unit 1 Desc: A/C Unit; Electric Meter; Kitchen; Laundry; Microwave; Range - Gas
Unit 1 Parking: Open Parking; Space Parking
Unit 2 Desc: A/C Unit; Dishwasher; Electric Meter; Kitchen; Laundry; Microwave; Range - Gas; Refrigerator; Smoke Detector
Unit 2 Parking: Open Parking; Space Parking
Unit 3 Desc: A/C Unit; Dishwasher; Electric Meter; Kitchen; Laundry; Microwave; Refrigerator; Smoke Detector
Unit 3 Parking: Open Parking; Space Parking
Lot Description: East of US-1; < 1/4 Acre
Exterior Features: Auto Sprinkler; Covered Patio; Fence
Subdiv. Amenities: None
Tenant Pays: Cable; Electric
Restrict: None
Flooring: Tile; Wood Floor
Cooling: Ceiling Fan; Central
Heating: Central; Electric
Roof: Comp Shingle
Terms Considered: Cash; Conventional
Utilities: Gas Natural; Public Sewer; Public Water
Window Treatments: Hurricane Windows
Taxes: City/County; No Homestead
Avail Info: Leases
Possession: At Closing
Contingencies: Appraisal; Inspection
Income & Expenses 
Listing Office: LPT Realty, LLC
Last Updated: May - 15 - 2024
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Friday 17th of May 2024 09:40 AM