$559,500
Lake Worth Beach, FL 33460
MLS# RX-10962826
1658 sqft
1 / 43
Property Description
Great Investment Opportunity in the Heart of Downtown Lake Worth Beach! Close proximity to the heart of town, the waterfront, & our beautiful beaches! Charming exterior, spacious interior, separate apartment, & convertible garage/cottage offers multiple avenues for rental income & additional space. Offered furnished with recent updates that include fresh paint, landscaping, 2020 roof, 2019 A/C, fireplace, high ceilings, new kitchen & expansive main living space make this home attractive to both buyers & potential renters. Well-maintained & ready for the new owner to enjoy! Multifamily Zoning allows for 3 dwelling structures on the lot. Further increasing returns. Flexibility & financial opportunity in the most desired area of LWB! This property truly does have it all!
Details
Maps
Documents
Contract Information
Listing Date: 2024-02-24
Status: Active
Original List Price: 609500
Auction: No
List Price: $559,500
Current Price: $559,500
List Price/SqFt: 337.45
Comm/Non-Rep: 0%
Comm/Buyer Agent: 2.5%
Comm/Trans Brk: 2.5%
General Property Description
Type: Duplex
Structure Type: Duplex
Total # of Units: 2
Property Condition: Resale
Year Built: 1925
Builder Model: Tudor
Number of Stories: 1
SqFt - Total: 1658
SqFt - Living: 1658
SqFt Source: Owner
Gated Community: No
Garage Spaces: 1
Homeowners Assoc: None
Directions: Exit 6th Ave S. Head East on Dixie Hwy. Left on 2nd Ave S. Right on S L St. Two blocks south of Downtown LWB. 5 blocks from the Intracoastal. 1/4 mile to the beach.
Subdivision: LAKE WORTH BEACH TOWN OF
Lot SqFt: 5066
Waterfront: No
Private Pool: No
Pets on Premises: No
Separate Elec Meters: No
Separate Wtr Meters: No
Location, Tax & Legal
Area: 5610
Geo Area: PB16
Country: United States
County: Palm Beach
Parcel ID: 38434421150910090
Street #: 216
Street Dir: S
Street Name: L
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 & S 1/2 OF LT 10 BLK 91
Zoning: MF-20
Tax Year: 2023
Taxes: 8656.06
Geo Lat: 26.612812
Geo Lon: -80.054227
Office/Member Info
DXORIGMLNO: RX-10962826
DXORIGMLSID: RML
Unit 1 Info
Bedrooms: 1
Full Bath: 1
Furnished: Yes
SqFt: 1310
Monthly Income: 2800
Unit 2 Info
Bedrooms: 1
Full Bath: 1
Furnished: Yes
SqFt: 323
Monthly Income: 2100
Income & Expenses
Gross Operating Inc: 55000
Annual Net Oper Inc: 55000
Storm Protection
Panel Shutters: Partial
Impact Glass: Complete
Property Features
Source of Expenses: Owner; Other
Construction: Mixed
Waterfront Details: None
View: Garden; Other
Unit 1 Desc: A/C Unit; Built-in Shelves; Dishwasher; Dryer; Foyer; Kitchen; Microwave; Range - Gas; Refrigerator; Smoke Detector; Split Bedrooms; Volume Ceiling; Washer; Window Cover; Den/Family; Patio
Unit 1 Parking: Garage - Detached; Space Parking
Unit 2 Desc: A/C Unit; Built-in Shelves; Dryer; Kitchen; Microwave; Refrigerator; Smoke Detector; Washer; Window Cover; Patio
Unit 2 Parking: Open Parking; Space Parking
Lot Description: < 1/4 Acre; Interior Lot; Treed Lot
Exterior Features: Awnings; Fence; Open Patio; Utility Barn
Subdiv. Amenities: Bike - Jog; Boating; Park; Street Lights
Maintenance Fee Incl: None
Tenant Pays: Cable; Electric; Gas; Repairs; Water
Restrict: None
Flooring: Clay Tile; Tile
Cooling: Central; Central Building
Heating: Central
Roof: Comp Shingle
Terms Considered: Cash; Conventional; VA
Utilities: Gas Natural; Public Sewer; Public Water
Window Treatments: Blinds; Impact Glass
Special Info: Sold As-Is; Survey
Taxes: City/County; No Homestead
Avail Info: None
Possession: At Closing; Funding
Supplements
This small beach town just woke up! And it is HOT! Just a few blocks to the center of town, only 5-min to our local beach & a short drive to downtown West Palm & Delray Beach. Known for its evolving Art Scene, downtown Lake Worth Beach is on fire! Enjoy weekly events that include festivals, live music, parades, sidewalk painting, green markets and more! LWB will throw a party for almost any celebration! Being one of Palm Beach County's historic beach towns, the beaches here are stunning! Offering waterfront dining, family friendly atmosphere, crystal blue waters & soft sandy beaches for miles are just some of the attractions you will experience living in this quaint beach town!
SURVEY Listing Office: RJM Real Estate Corp.
Last Updated: May - 19 - 2024
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