Bought with The Keyes Company
$600,000
$769,000
22.0%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
5 Baths
2,754 SqFt
SOLD DATE : 05/09/2024
Key Details
Sold Price $600,000
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,754 sqft
Price per Sqft $217
Subdivision Lake Worth Town Of
MLS Listing ID RX-10944718
Sold Date 05/09/24
Bedrooms 5
Full Baths 5
Construction Status Resale
HOA Y/N No
Year Built 1931
Annual Tax Amount $7,685
Tax Year 2023
Lot Size 6,752 Sqft
Property Description
Excellent NO HOA single family home with 4 rental units in the back. Lake Worth Beach is the quintessential small beach town, with cafes, live music and is only a short bike ride away from the beautiful Atlantic Ocean. This property is a diamond in the rough but has exceptional income earning potential. The main house comes with a bonus in-law studio that can also be rented, plus a separate building in the back with three additional units that can additionally earn around $6k per month. Main house has new roof, water heater, original wood floors, updated electric and more! There is a lot of new development in Lake Worth to support rental pricing including the restoration of the historic Gulfstream Hotel.
Location
State FL
County Palm Beach
Area 5610
Zoning SFR
Interior
Heating Central
Cooling Ceiling Fan, Central
Flooring Terrazzo Floor, Vinyl Floor, Wood Floor
Exterior
Exterior Feature Covered Patio, Fence, Room for Pool
Utilities Available Electric, Gas Natural
Amenities Available None
Waterfront Description None
Roof Type Comp Shingle
Private Pool No
Building
Lot Description < 1/4 Acre
Story 1.0
Foundation Frame, Woodside
Construction Status Resale
Schools
Elementary Schools South Grade Elementary School
Middle Schools Lake Worth Community Middle
High Schools Lake Worth High School
Others
HOA Fee Include None
Senior Community No Hopa
Restrictions Historic Designation
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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