Spectacular Investment Opportunity! Prime income-producing triplex ideally located just steps from vibrant Downtown Lake Worth Beach and only minutes from the ocean. Situated on a 0.16-acre lot, this property is zoned 0800 multifamily—allowing for up to five units (or potentially more)! Restore and rent the existing three units at full… Read More market value, or tear down and build new to maximize cash flow potential. The property sits just half a block from Lucerne and Lake Avenue, an area in high demand with tenants for its walkability and proximity to shops, dining, entertainment, and the Tri-Rail station. Current tenants are month-to-month, full flexibility to either retain them for steady income or renovate and reposition for higher return. Property in need of rehab and upgrades opportunity in one of Lake Worth's most sought-after rental corridors! Please drive by only and do not disturb tenants. Read Less
Courtesy of Brown Harris Stevens of PB, Gisela Moro, 561-805-5050.
Listing Snapshot
Days Online
141
Last Updated
Property Type
Triplex
Full Baths
4
Square Ft.
3,320
Lot Size
0.15 Acres
Year Built
1928
MLS Number
R11139720
30 Days Snapshot Of 33460
$279k
+24%
(avg) sold price
9
+12%
homes sold
136
+83%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1928, Living area: 3320, Construction materials: "Frame", Toal building area: 3544, 3 total units
Home Owner's Association
Association amenities: "Sidewalks"
Lot
0.15 acres
Property
Zoning: SF-TF-14
Taxes
Annual amount: $10,446
Tenant Pays
"Electricity"
Utilities
"Three Phase"
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