NOT LISTED FOR SALE
-- Bed
-- Bath
1,290 Sq Ft
3,376 Sq Ft Lot

Last Sold December 27, 2023

Last sale price $370,000 $287 Per Sq Ft

5 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Ceramic Tile Flooring
  • Fenced

About This Home

As of December 2023

Opportunity to acquire cash-flowing multifamily property situated in downtown Lake Worth on a nice street with lots of new construction development happening all around. Prime location. Solid concrete block construction. 2 separate houses on one lot zoned as a multi-family duplex (DescriptionMULTI-FAMILYZoningSF-TF-14) 25ft wide lot extending 135 ft deep, backing up to alley, allowing for entrances and separate parking for each detached single-family house. Front home is an 2-bedroom, 1-bathroom bathroom and is occupied by a long-term tenant paying well below the market rent rate on a month-to-month lease that could easily be increased. Little to no maintenance expenses on this property are expected with long-term tenants. The back house is rented for $1400/month and is 1 bedroom,

Last Agent to Sell the Property

Laura Auten

Elevate Realty LLC License #3499523 Listed on: 12/05/2023

Last Buyer's Agent

RICKY HEN

Lokally Realty LLC License #3377437

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,749

Year Built

  • Built in 1959

Lot Details

  • 3,376 Sq Ft Lot
  • Fenced

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,290 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Assessor Parcel Number 38434421151430220

Community Details

Overview

  • 2 Units
  • Lake Worth Town Of Subdivision

Building Details

  • Operating Expense $1
  • Net Operating Income $1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,749

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Take the ramp on the right for I-95 South and head toward West Palm Bch At Exit 63, head on the ramp right and follow signs for 6th Ave S, Turn left onto 6th Ave S, Turn left onto S F St,.
  • Year Built: 1959
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile, Other
  • Living Area: 1290.0

Exterior Features

  • Exterior Features: Fence
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Other
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 38434421151430220
  • Lot Size: < 1/4 Acre
  • Lot Size Sq Ft: 3376.0
  • Zoning Description: SF-TF-14
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 1.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 1.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4749.0

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2023 12/27/23 Sold $370,000 -4.9% $287 / Sq Ft
12/11/2023 12/11/23 Pending -- -- --
12/05/2023 12/05/23 For Sale $389,000 -- $302 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: BeachesMLS

MLS Number: R10940873

BeachesMLS