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  • MLS#: R11116432 ( Residential Income )
  • Street Address: Address Not Provided
  • Viewed: 43
  • Price: $1,350,000
  • Price sqft: $281
  • Waterfront: No
  • Year Built: 1981
  • Bldg sqft: 4800
  • Total Baths: 8
  • Additional Information
  • Geolocation: 27 / -80
  • County: PALM BEACH
  • City: Lake Worth Beach
  • Zipcode: 33460
  • Subdivision: Lake Worth Town Of Add 1
  • Provided by: Highland Realty Advisors LLC
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  • Description
    Renovated quadplex featuring four spacious 2 bedroom, 2 bath units each approximately 1,200 square feet. The property consists of two concrete block duplex buildings on nearly third of acre with newer roofs, impact windows and doors, and updated interiors. Each unit includes washer/dryer or possibility of hook up and separate electric/water meters. Located just minutes from downtown Lake Worth Beach, Bryant Park, and the oceanfront, this property offers exceptional rental upside in a high demand neighborhood. Features: ~4,800 Total Sq Ft Concrete block construction New roofs (2022) Impact windows & doors throughout Ample off street parking Separately metered electric/water Potential market rent: $2,300+/month per unit offered at 5.75% cap rate. Ideal for long term tenants, short term rental conversion, or 1031 exchange buyers looking for a stabilized, turnkey asset with upside potential. Possible owner financing with 40% down.
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Features
Building and Construction
  • Exterior Features: None
  • Flooring: Ceramic Tile
  • Roof: Composition
Eco-Communities
  • Water Source: Public
Utilities
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
Amenities
  • Association Amenities: None
Finance and Tax Information
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Cable TV, Electricity, Water
Other Features
  • Legal Description: LAKE WORTH TOWN OF ADD 1 LTS 11 & 12 BLK 29
  • Parcel Number: 38434427010290110
  • Views: 43
  • Zoning Code: SF-R(c