$1,200,000
Lake Worth Beach, FL 33460
MLS# RX-10985969
3278 sqft
1 / 51
Property Description
Discover an unparalleled investment opportunity in the heart of Lake Worth Beach with this remarkable property. A unique combination of a single-family home and a detached fourplex. Opportunity for live-in investment or traditional rental property. Currently 100% occupied with exceptional tenants. Significant capex investment performed. Perfectly positioned mere blocks away from the vibrant shopping and dining scene on Lake Avenue. Bryant Park and the stunning beaches are just a short bike ride away.
Details
Maps
Contract Information
Listing Date: 2024-05-09
Status: Active
Original List Price: 1200000
Auction: No
List Price: $1,200,000
Current Price: $1,200,000
List Price/SqFt: 366.08
Comm/Non-Rep: 0%
Comm/Buyer Agent: 2.5%
Comm/Trans Brk: 2.5%
General Property Description
Type: Quad Plex
Total # of Units: 5
Property Condition: Resale
Year Built: 1928
Number of Stories: 2
SqFt - Total: 3553
SqFt - Living: 3278
SqFt Source: Tax Rolls
Gated Community: No
Homeowners Assoc: None
Directions: I-95 TO 6TH ave S - Go E to K St - Go Left Prop. 4 blocks on the Right.
Subdivision: LAKE WORTH TOWN OF
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: 38434421150890120
Street #: 208
Street Dir: S
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 LTS 12, 13 & 14 BLK 89
Zoning: MF-20 (city)/MU
Tax Year: 2023
Taxes: 16314.5
Geo Lat: 26.613099
Geo Lon: -80.055179
Office/Member Info
DXORIGMLNO: RX-10985969
DXORIGMLSID: RML
Unit 1 Info
Bedrooms: 2
Full Bath: 1
Furnished: No
SqFt: 885
Monthly Income: 1650
Unit 2 Info
Bedrooms: 2
Full Bath: 1
Furnished: No
SqFt: 600
Monthly Income: 1650
Unit 3 Info
SqFt: 598
Monthly Income: 1600
Unit 4 Info
SqFt: 598
Monthly Income: 1600
Income & Expenses
Gross Operating Inc: 97200
Annual Total Expense: 36494
Annual Net Oper Inc: 60706
Property Features
Source of Expenses: Other
Construction: Frame; Stucco
Waterfront Details: None
Unit 1 Desc: A/C Unit; Kitchen; Range - Electric; Refrigerator; Stack Bedrooms
Unit 1 Parking: Open Parking
Unit 2 Desc: A/C Unit; Range - Electric; Refrigerator; Stack Bedrooms
Unit 2 Parking: Open Parking
Lot Description: < 1/4 Acre
Exterior Features: Awnings; Deck
Subdiv. Amenities: Sidewalks
Tenant Pays: Cable; Electric; Sewer; Sewer; Water
Restrict: Other
Flooring: Ceramic Tile; Wood Floor
Cooling: Central; Wall-Win A/C
Heating: Central
Roof: Comp Shingle; Flat Tile
Terms Considered: Cash; Conventional
Utilities: Public Sewer; Public Water
Storm Protection: None
Taxes: City/County
Avail Info: Accounting
Possession: At Closing; Funding
Showing Instructions: Text Listing Agent
Listing Office: Kanga Property Management
Last Updated: May - 09 - 2024
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Thursday 9th of May 2024 05:46 PM