Rare four-unit investment opportunity in the rapidly growing Lake Park market. This unique property features a main residence plus a triplex with three efficiency units, generating $86,400 in annual gross rental income with immediate cash flow. Ideally located just minutes from the Intracoastal Waterway, Singer Island beaches, marina, brewery, theater,… Read More Publix, US-1, I-95, and Palm Beach International Airport. Per current zoning and permitting information, the property may accommodate up to 10 units (buyer to verify). The main house also offers potential to convert to a 3BR/2BA. Whether you're looking to renovate, add value, or hold for long-term income, this property offers exceptional upside in a high-demand rental market. Quiet street, easy to rent, and outstanding investment potential. All information pertaining to the property is deemed reliable, but not guaranteed. Information to be verified by the Buyer. Be advised that cameras may exist recording audio and video inside/outside the property, such as ring doorbells. Photos are digitally enhanced and could be altered, please verify. Read Less
Courtesy of One Sotheby's International Realty, Micah L Volmer, 561-997-7227.
Listing Snapshot
Days Online
33
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
4
Square Ft.
1,732
Lot Size
0.14 Acres
Year Built
1945
MLS Number
B26048563
30 Days Snapshot Of 33403
$321k
+39%
(avg) sold price
5
+150%
homes sold
158
+5%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road frontage type: City Street
Appliances & Equipment
Electric Water Heater, Range, Electric Range, Microwave, Refrigerator, Water Heater, Other equipment: Satellite Dish
Building
Built in 1945, Architectural style: Ranch, Living area: 1732, Construction materials: Aluminum Siding, CBS, Stucco, Vinyl Siding, Other structures: Other, Toal building area: 2325
Cooling
Wall/Window Unit(s)
Exterior Features
Barbecue
Fence
Back Yard, Fenced
Fireplaces
Wood Burning
Floors
Clay, Tile
Foundation
Details: Concrete Perimeter, Raised, Slab
Heating
Window/Wall
Interior Features
None
Laundry
Electric Dryer Hookup, In Garage, Inside, Washer Hookup
Lot
0.14 acres
Parking
Driveway, On Street, Open, 4 total parkings
Pets Policy
Pets allowed: No Restrictions, Yes
Property
Zoning: R1 (city)
Roof
Shingle, Tar/Gravel
Security Features
Smoke Detector(s)
Sewer
Public Sewer
Taxes
Annual amount: $11,413
Utilities
Electricity Connected, Sewer Connected, Water Connected
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