Bought with Sun Realty USA Inc.
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Key Details
Sold Price $450,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,197 sqft
Price per Sqft $140
Subdivision Lake Worth Town Of
MLS Listing ID RX-10534881
Sold Date 01/28/20
Bedrooms 7
Full Baths 3
Construction Status Resale
HOA Y/N No
Abv Grd Liv Area 16
Year Built 1926
Annual Tax Amount $5,117
Tax Year 2018
Lot Size 5,225 Sqft
Property Description
Huge Cash Cow Options Galore. Either live in one apartment rent the other, keep operating as a fantastic vacation rental, or run your business from home as its zoned commercial MU-E. Located in downtown Lake Worth Beach just 2 blocks south of Lake Avenue close to restaurants/stores. Currently run as a successful Vacation Rental Complex the 1st floor apartment offers 4 bedrooms suites with original marshmallow stucco walls, hardwood floors, fireplace, and 9 ft. ceilings and large living area. Unit 2 is on the 2nd floor with 3 large bedroom suites, 1 bathroom, and an open living area, full kitchen. A laundry area exists in both apartments. The roof is brand new 2019, termite bond in place, new wiring, and in good condition. The income is a gross of $70K, and a net of $50K.
Location
State FL
County Palm Beach
Area 5610
Zoning PO/MF-
Interior
Heating Window/Wall
Cooling Wall-Win A/C
Flooring Carpet, Tile, Vinyl Floor, Wood Floor
Exterior
Exterior Feature Fence, Room for Pool
Utilities Available Cable, Electric, Public Sewer, Public Water
Amenities Available Bike - Jog, Golf Course, Sidewalks, Street Lights
Waterfront No
Waterfront Description None
Roof Type Comp Shingle
Parking Type Open Parking, Space Parking
Private Pool No
Building
Lot Description < 1/4 Acre
Story 2.0
Foundation Frame
Construction Status Resale
Others
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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