Unique opportunity! This 4plex boasts individual units, each comprising 2 bedrooms and 1 bathroom, complete with separate water and electric meter & Parking. Currently rented at $1650 per month per unit, this property promises lucrative returns. Don't overlook the potential for significant cash flow! With a fully rented status below market rent, it offers an impressive 7.6% ROI. Proof of funds required with offers.
LOCATION LOCATION LOCATION! JUST 2 BLKS FROM DT LAKE WORTH BEACH WITH ITS' SHOPPING, NIGHTLIFE, RESTAURANTS, AND MORE! YOU CAN WALK TO THE BEACH, BRYANT PARK, BOAT RAMPS, GOLF, ETC. LOCATED EAST OF FEDERALY HWY IN LAKE WORTH'S BRYANT PARK NEIGHBORHOOD THIS PROPERTY HAS (5) LEGAL UNITS: (1) 2/1, (2) 1/1'S, AND (2) STUDIO APTS. FEATURING ON-SITE LAUNDRY FOR ALL UNITS, A SPACIOUS 2ND FLOOR DECK FOR ADDITIONAL LIVING SPACE & GREAT VIEWS, A GENEROUS BACK YARD LARGE ENOUGH FOR A POOL, AND THERE IS OFF-STREET PARKING FOR THE (2) REAR APTS., THE ROOF ON THE FRONT BUILDING IS METAL (1930) AND THE BACK BUILDING IS 2005. OWNER WILLING TO GIVE ROOF CREDITS AT CLOSING. OWNER CURRENTLY GETTING PERMIT TO REPLACE (5) ELECTRIC PANELS. THERE IS ALSO A TERMITE WARRANTY ON BACK BLDG
CASH BUYERS ONLY. SELLER FIRM ON PRICE. ORIGINALLY A DUPLEX NOW A TRIPLEX. GARAGE CONVERTED INTO A 3RD UNIT. CONCRETE BUILDING ON A VERY QUIET STREET, LARGE LOT! PROPERTY HAS LOTS OF TREES. PLEASE DO NOT DISTURB THE TENANTS. ALL SIZE AND MEASUREMENTS ARE APPROXIMATE AND SUBJECT TO ERROR AND OMISSIONS.
Trophy Building in Downtown LWB, across the street from the golf course/Intracoastal/lakeside park, the first building one encounters when crossing the bridge from Palm Beach. NEW ROOF, NEW HURRICANE IMPACT WINDOWS & DOORS/NEW STUCCO REPAIR/NEW PAINT INSIDE AND OUT/NEW A/C. FOUR UNIT BUILDING fully furnished and equipped each 2BR/2BA with excellent short term rental history. Downtown Zoning allows commercial use and short term AirBnb. Can be converted to 8 unit hotel operation. Buyer to complete due diligence and independently verify with City of LWB zoning and usage/development potential. No other rental/investment property in PB County in this price range has this curb appeal, location and potential.
The median home value in Lake Worth, FL is $440,560. This is lower than the county median home value of $447,100. The national median home value is $338,100. The average price of homes sold in Lake Worth, FL is $440,560. Approximately 60.63% of Lake Worth homes are owned, compared to 27.22% rented, while 12.15% are vacant. Lake Worth real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lake Worth real estate agent to arrange a tour today!
Lake Worth, Florida 33460 has a population of 204,318. Lake Worth 33460 is more family-centric than the surrounding county with 27.19% of the households containing married families with children. The county average for households married with children is 25.71%.
The median household income in Lake Worth, Florida 33460 is $76,271. The median household income for the surrounding county is $68,874 compared to the national median of $69,021. The median age of people living in Lake Worth 33460 is 40.3 years.
The average high temperature in July is 89.9 degrees, with an average low temperature in January of 55.4 degrees. The average rainfall is approximately 61.7 inches per year, with 0 inches of snow per year.