$370,000
Lake Worth Beach, FL 33460
MLS# R10591246
Status: Closed
2368 sqft
1 / 26
Property Description
First time on the market in 29 years! Two duplexes on one corner lot in the Downtown Jewel neighborhood of Lake Worth Beach! All units are 2 bedroom/1 bath units. Roof on one building was replaced around 7 year ago, per the seller. The second building is in the process of getting a new roof, and will be completed before closing. Great location, just steps away from Lake Avenue, with fine dining restaurants, cafe's, coffee shops, pizza parlors, art galleries, ice cream parlor, etc. Two units currently occupied with tenants on leases at $850 per month (below market rent), two units currently unoccupied with projected rents of $1100 per month. Tenants pay for electric and gas. Landlord pays water (one water meter). Great opportunity!
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2020-01-11
Status: Closed
Original List Price: 400000
Sold Price: $370,000
Current Price: $370,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: Lake Worth Beach
Postal Zip: 33460
Geographic Area: PB16
Street Number: 129
Street Direction Prefix: S
Street Name: K
Street Suffix: Street
State Or Province: FL
Postal Code: 33460
Subdivision Name: LAKE WORTH TOWN OF
Area: 5610
Parcel Number: 38434421150490310
Zoning: MF-30(
Directions: I-95 to 6th Ave S exit, go East past Dixie Hwy, turn left to turn on South K St, property will be on the corner of South K St and 2nd Ave S.
General Property Information
Number Of Units Total: 4
Living Area Main: 2368
Lot Size Dimensions: 50.0 ft x 135.0 ft
Lot Size Area: 6750
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories: 1
Pool Private YN: No
Property Sub Type: Quadruplex
Building Area Main: 2368
Building Area Source: Public Records
Year Built: 1935
Lot Size Acres: 0.15
Office/Member Information
DXORIGMLSID: RML
Status Change Information
Buyer Financing: Cash
Major Change Timestamp: 2020-02-19T15:44:57Z
Major Change Type: Status Change
Status Change Date: 2020-02-19
Under Contract Date: 2020-01-19
Close Date: 2020-02-19
Close Price: 370000
Association Amenities
Boating: 1
Golf Course: 1
Jogging Path: 1
Picnic Area: 1
Sidewalks: 1
Street Lights: 1
Electric
Three Phase: 1
Exterior Features
Awning(s): 1
Flooring
Carpet: 1
Ceramic Tile: 1
Other: 1
Property Condition
Resale: 1
Short Sale Details
Short Sale Addendum: No
Special Information
Sold As-Is: 1
Documents Available
Other: 1
Fencing
Fenced: 1
Meter Information
Separate Electric Meters YN: Yes
Separate Water Meters YN: No
Tenant Pays
Cable TV: 1
Electricity: 1
Gas: 1
Possession
Close Of Escrow: 1
Negotiable: 1
Sewer
Public Sewer: 1
Utilities
Natural Gas Available: 1
Sewer Available: 1
Water Available: 1
View
Garden: 1
Heating
None: 1
Water Access
None: 1
Window Features
Sliding: 1
Construction Materials
Frame: 1
Wood Siding: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Corner Lot: 1
Sidewalks: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Water Source
Public: 1
Income and Expenses
Annual Total Expense: 8500
Gross Income: 46800
Net Operating Income: 38300
Source Of Expenses
Other: 1
Cooling
Wall/Window Unit(s): 1
Showing Requirements
Appointment Only: 1
Listing Agent Must Accompany: 1
Text Listing Agent: 1
Restrictions
No Restrictions: 1
Tax Information
City/County: 1
Outdoor Living Spaces
Patio: 1
Patio Details
Patio - Open: 1
Contingencies
None: 1
Unit 1 Appliances
Range: 1
Refrigerator: 1
Unit 1 Details
Actual Rent: 850
Baths Full: 1
Beds Total: 2
Furnished: Unfurnished
SqFt: 608
Unit 1 Other Equipment
Air Conditioning Unit: 1
Unit 1 Parking Features
On Street: 1
Unit 1 Patio/Porch
Patio/Porch: 1
Unit 1 Rooms
Kitchen: 1
Unit 2 Appliances
Range: 1
Refrigerator: 1
Unit 2 Details
Actual Rent: 1100
Baths Full: 1
Beds Total: 2
Furnished: Unfurnished
SqFt: 608
Unit 2 Other Equipment
Air Conditioning Unit: 1
Unit 2 Parking Features
On Street: 1
Unit 2 Patio/Porch
Patio/Porch: 1
Unit 2 Rooms
Kitchen: 1
Unit 3 Appliances
Range: 1
Refrigerator: 1
Unit 3 Details
Actual Rent: 850
Baths Full: 1
Beds Total: 2
Furnished: Unfurnished
SqFt: 576
Unit 3 Other Equipment
Air Conditioning Unit: 1
Unit 3 Parking Features
On Street: 1
Unit 3 Patio/Porch
Patio/Porch: 1
Unit 3 Rooms
Kitchen: 1
Unit 4 Appliances
Range: 1
Refrigerator: 1
Unit 4 Details
Actual Rent: 1100
Baths Full: 1
Beds Total: 2
Furnished: Unfurnished
SqFt: 576
Unit 4 Other Equipment
Air Conditioning Unit: 1
Unit 4 Parking Features
On Street: 1
Unit 4 Patio/Porch
Patio/Porch: 1
Unit 4 Rooms
Kitchen: 1
Price Calculations
Current Price To SqFt: 156.25
Original List Price To Close Price: 1.08
Acreage Description
Less Than 1/4 Acre Lot: 1
Financial Information
Tax Annual Amount: 5880.57
Tax Year: 2019
Tax Legal Description: TOWN OF LAKE WORTH LTS 31 & 32 BLK 49
Originating Details
Originating System Key: 20200111164225830014000000
Originating System ID: M00000170
Property Features
Association Amenities: Boating; Golf Course; Jogging Path; Picnic Area; Sidewalks; Street Lights
Documents Available: Other
Electric: Three Phase
Exterior Features: Awning(s)
Fencing: Fenced
Flooring: Carpet; Ceramic Tile; Other
Property Condition: Resale
Tenant Pays: Cable TV; Electricity; Gas
Source Of Expenses: Other
Construction Materials: Frame; Wood Siding
Cooling: Wall/Window Unit(s)
Heating: None
Listing Terms: Cash; Conventional
Lot Features: Corner Lot; Sidewalks
Possession: Close Of Escrow; Negotiable
Restrictions: No Restrictions
Road Surface Type: Paved
Roof: Composition
Sewer: Public Sewer
Special Information: Sold As-Is
Tax Information: City/County
Utilities: Natural Gas Available; Sewer Available; Water Available
View: Garden
Water Access: None
Water Source: Public
Window Features: Sliding
Showing Requirements: Appointment Only; Listing Agent Must Accompany; Text Listing Agent
Outdoor Living Spaces: Patio
Patio Details: Patio - Open
Unit 1 Appliances: Range; Refrigerator
Unit 1 Other Equipment: Air Conditioning Unit
Unit 1 Parking Features: On Street
Unit 1 Rooms: Kitchen
Unit 2 Appliances: Range; Refrigerator
Unit 2 Other Equipment: Air Conditioning Unit
Unit 2 Parking Features: On Street
Unit 2 Rooms: Kitchen
Unit 3 Appliances: Range; Refrigerator
Unit 3 Other Equipment: Air Conditioning Unit
Unit 3 Parking Features: On Street
Unit 3 Rooms: Kitchen
Unit 4 Appliances: Range; Refrigerator
Unit 4 Other Equipment: Air Conditioning Unit
Unit 4 Parking Features: On Street
Unit 4 Rooms: Kitchen
Contingencies: None
Acreage Description: Less Than 1/4 Acre Lot
Listing Office: Coastal Classic Realty
Last Updated: August - 06 - 2026
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