1216 16th Ave N Unit 10 Lake Worth, FL 33460
Sunset Ridge NeighborhoodEstimated payment $8,619/month
Highlights
- Water Views
- Ceramic Tile Flooring
- Fenced
- Patio
- Central Heating and Cooling System
About This Home
I am excited to share details about an excellent cash flow property that is ready for immediate income generation. This property requires absolutely nothing in terms of maintenance, allowing you to start receiving rental payments from day one.Key features include:* **Ready-to-Go:** New appliances throughout the units.* **Utilities:** Well water irrigation system with an automatic timer.* **Parking & Amenities:** Two designated parking spaces per unit and private patios.* **Financial Advantage:** No HOA fees.The location offers easy access to the I-95 interstate highway. The closest beach is approximately 2.0 miles away (a six-minute drive), and the surrounding area in the City of Lake Worth provides numerous parks and amenities for residents.This is a must-see investment.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,877
Year Built
- Built in 1971
Lot Details
- 8,769 Sq Ft Lot
- Fenced
- Sprinkler System
Home Design
- Shingle Roof
- Composition Roof
Interior Spaces
- 3,248 Sq Ft Home
- 1-Story Property
- Ceramic Tile Flooring
- Water Views
Outdoor Features
- Patio
Schools
- North Grade K-8 Elementary School
- Lake Worth Middle School
- Lake Worth High School
Utilities
- Central Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 38434416060040260
Community Details
Overview
- 2 Units
- Lake Worth Heights Subdivision
Building Details
- Operating Expense $13,776
- Net Operating Income $79,824
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $14,877 | $574,841 | -- | -- |
| 2023 | $13,400 | $522,583 | $154,914 | $367,669 |
| 2022 | $7,747 | $221,026 | $0 | $0 |
| 2021 | $7,165 | $315,520 | $89,600 | $225,920 |
| 2020 | $6,628 | $275,437 | $89,600 | $185,837 |
| 2019 | $6,370 | $275,437 | $89,600 | $185,837 |
| 2018 | $5,694 | $235,375 | $65,076 | $170,299 |
| 2017 | $5,431 | $222,350 | $65,076 | $157,274 |
| 2016 | $5,218 | $124,764 | $0 | $0 |
| 2015 | $5,023 | $113,422 | $0 | $0 |
| 2014 | $4,596 | $103,111 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/22/2025 10/22/25 | For Sale | $1,400,000 | 0.0% | $431 / Sq Ft |
| 09/22/2025 09/22/25 | For Rent | $2,000 | 0.0% | -- |
| 09/16/2024 09/16/24 | Rented | $2,000 | 0.0% | -- |
| 07/09/2024 07/09/24 | For Rent | $2,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $539,000 | Consumers First Title | |
| Interfamily Deed Transfer | -- | Attorney | |
| Warranty Deed | $95,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $269,500 | New Conventional | |
| Previous Owner | $65,000 | New Conventional |
Source: BeachesMLS
MLS Number: R11134369
APN: 38-43-44-16-06-004-0260
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