$197,500
Lake Worth Beach, FL 33460
MLS# R10027106
Status: Closed
3672 sqft
1 / 1
Property Description
Wonderful investment opportunity! All units are rented. Unit 1 is currently rented for $790 which is way below market value. Tenants have been there for 18 years and owner has them manage the property. This is an option for the new owner or market rent is around $1250. Quiet street just four blocks from the intracoastal. Never a problem to rent. Unit 1 is month to month. All other units have leases. Separate electric meters. Landlord pays water, averages about $200/mon. CBS construction, roof is tar and gravel and has been redone every two years. Nice corner lot. Six parking spaces allotted for building.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2014-03-24
Status: Closed
Original List Price: 224900
Sold Price: $197,500
Current Price: $197,500
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Lake Worth Beach
Postal Zip: 33460
Development Name: Town of Lake Worth
Geographic Area: PB16
Special Assessment YN: No
Street Number: 1002
Street Direction Prefix: S
Street Name: M
Street Suffix: Street
State Or Province: FL
Postal Code: 33460
Subdivision Name: Lake Worth Town
Area: 5630
Elementary School: South Grade
Middle Or Junior School: Lake Worth
High School: Lake Worth
Parcel Number: 38434427010380080
Zoning: Res
Directions: I95 to 6th Ave SE to Dixie go South to 10th E to M St.
General Property Information
Number Of Units Total: 4
Living Area Main: 3166
Lot Size Area: 6970
Senior Community YN: No
Stories: 1
Pool Private YN: No
Property Sub Type: Quadruplex
Building Area Main: 3672
Building Area Source: Public Records
Year Built: 1968
Lot Size Acres: 0.16
Office/Member Information
DXORIGMLSID: RML
Status Change Information
Buyer Financing: Conventional
Major Change Timestamp: 2014-05-09T14:47:06Z
Major Change Type: Status Change
Status Change Date: 2014-05-09
Under Contract Date: 2014-05-01
Close Date: 2014-05-07
Close Price: 197500
Association Amenities
None: 1
Flooring
Carpet: 1
Tile: 1
Short Sale Details
Short Sale Addendum: No
Special Information
Sold As-Is: 1
Documents Available
Copy Of Lease(s): 1
Fencing
Fenced: 1
Meter Information
Separate Electric Meters YN: Yes
Separate Water Meters YN: No
Tenant Pays
Cable TV: 1
Electricity: 1
Possession
Subject To Tenant Rights: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Electricity Available: 1
Sewer Available: 1
Water Available: 1
Heating
None: 1
Other: 1
Water Access
None: 1
Construction Materials
CBS: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Corner Lot: 1
Roof
Tar/Gravel: 1
Water Source
Public: 1
Income and Expenses
Annual Total Expense: 10851
Gross Income: 38100
Net Operating Income: 27249
Source Of Expenses
Owner Provided: 1
Cooling
Central Individual: 1
Wall/Window Unit(s): 1
Showing Requirements
Call Listing Agent: 1
Occupied: 1
Restrictions
No Restrictions: 1
Tax Information
City/County: 1
Contingencies
Other: 1
Unit 1 Appliances
Range: 1
Refrigerator: 1
Unit 1 Details
Actual Rent: 1250
Baths Full: 3
Beds Total: 3
Furnished: Unfurnished
SqFt: 1700
Unit 1 Other Equipment
Air Conditioning Unit: 1
Unit 1 Parking Features
Parking Space: 1
Unit 1 Rooms
Kitchen: 1
Unit 2 Appliances
Range: 1
Refrigerator: 1
Unit 2 Details
Actual Rent: 650
Baths Full: 1
Beds Total: 1
Furnished: Unfurnished
SqFt: 588
Unit 2 Other Equipment
Air Conditioning Unit: 1
Unit 2 Parking Features
Parking Space: 1
Unit 2 Rooms
Kitchen: 1
Unit 3 Appliances
Range: 1
Refrigerator: 1
Unit 3 Details
Actual Rent: 625
Baths Full: 1
Beds Total: 1
Furnished: Unfurnished
SqFt: 588
Unit 3 Other Equipment
Air Conditioning Unit: 1
Unit 3 Parking Features
Parking Space: 1
Unit 3 Rooms
Kitchen: 1
Unit 4 Appliances
Range: 1
Refrigerator: 1
Unit 4 Details
Actual Rent: 650
Baths Full: 1
Beds Total: 1
Furnished: Unfurnished
SqFt: 588
Unit 4 Other Equipment
Air Conditioning Unit: 1
Unit 4 Parking Features
Parking Space: 1
Unit 4 Rooms
Kitchen: 1
Price Calculations
Current Price To SqFt: 62.38
Original List Price To Close Price: 1.13
Financial Information
Tax Annual Amount: 4466
Tax Year: 2013
Tax Legal Description: ADD 1 TO TOWN OF LAKE WORTH LT 8 BLK 38
Originating Details
Originating System Key: 20140324204206008803000000
Originating System ID: M00000170
Property Features
Association Amenities: None
Documents Available: Copy Of Lease(s)
Fencing: Fenced
Flooring: Carpet; Tile
Tenant Pays: Cable TV; Electricity
Source Of Expenses: Owner Provided
Construction Materials: CBS
Cooling: Central Individual; Wall/Window Unit(s)
Heating: None; Other
Listing Terms: Cash; Conventional
Lot Features: Corner Lot
Possession: Subject To Tenant Rights
Restrictions: No Restrictions
Roof: Tar/Gravel
Sewer: Public Sewer
Special Information: Sold As-Is
Tax Information: City/County
Utilities: Cable Available; Electricity Available; Sewer Available; Water Available
Water Access: None
Water Source: Public
Showing Requirements: Call Listing Agent; Occupied
Unit 1 Appliances: Range; Refrigerator
Unit 1 Other Equipment: Air Conditioning Unit
Unit 1 Parking Features: Parking Space
Unit 1 Rooms: Kitchen
Unit 2 Appliances: Range; Refrigerator
Unit 2 Other Equipment: Air Conditioning Unit
Unit 2 Parking Features: Parking Space
Unit 2 Rooms: Kitchen
Unit 3 Appliances: Range; Refrigerator
Unit 3 Other Equipment: Air Conditioning Unit
Unit 3 Parking Features: Parking Space
Unit 3 Rooms: Kitchen
Unit 4 Appliances: Range; Refrigerator
Unit 4 Other Equipment: Air Conditioning Unit
Unit 4 Parking Features: Parking Space
Unit 4 Rooms: Kitchen
Contingencies: Other
Listing Office: CENTURY 21 Tenace Realty
Last Updated: August - 06 - 2026
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