$575,000
Lake Worth, FL 33461
MLS# B26055335
2000 sqft
1 / 26
Property Description
Excellent investment opportunity! Well-maintained duplex featuring two spacious 2-bedroom, 1-bath units plus a den/office in each unit. The den is currently being used as a third bedroom, offering additional flexibility and rental potential. Each unit has its own private washer and dryer, separate electric meter, and remodeled bathroom. Long-term tenants have been in place for over 10 years and would like to remain, providing stable income from day one. Current rents are $2,100/month and $2,000/month, offering immediate cash flow with upside potential. The fully paved backyard eliminates rear lawn maintenance, helping keep operating expenses low. Recent improvements include a new permitted roof (2025), permitted plumbing upgrades (2025), and permitted electrical improvements (2024).
Details
Maps
Contract Information
Comp Sale YN: No
Negotiable Seller Concessions YN: Yes
Listing Date: 2026-07-22
Status: Active
Original List Price: 575000
List Price: $575,000
Current Price: $575,000
Listing Service: Full Service
Location and Legal
County Or Parish: Palm Beach
Geographic Area: PB17
Special Assessment YN: No
Country: United States
Street Number: 3088
Street Name: Prince
Street Suffix: Drive
State Or Province: FL
Postal Code: 33461
Postal Code +4: 5545
Subdivision Name: Palm Beach Farms Co Place
Area: 5700
Elementary School: Barton
Middle Or Junior School: Lake Worth
High School: Lake Worth
Parcel Number: 00434430011270012
Zoning: RM
General Property Information
Number Of Units Total: 2
Living Area Main: 1800
Living Area Source: Assessor
Accessibility Features YN: No
Gated Community YN: No
Parking Total: 6
Senior Community YN: No
Stories Total: 1
Pool Private YN: No
Property Sub Type: Duplex
Building Area Main: 2000
Building Area Source: Appraiser
Year Built: 1960
Financial Information
Master Association YN: No
Estimated Monthly Assoc Recurring Fee: 0
Assessor Market Value: 322660
Tax Annual Amount: 7743
Tax Year: 2025
Tax Legal Description: PALM BEACH FARMS CO PL NO 7 W 90 FT OF E 180 FT OF LT A (LESS N 26 FT RD R/W) BLK 127
Office/Member Information
DXORIGMLSID: RML
Exterior Features
Storage: 1
Flooring
Ceramic Tile: 1
Tile: 1
Leasing Permitted Details
Leasing Permitted YN: Yes
Okay To Lease: 1
Property Condition
Resale: 1
Special Information
Sold As-Is: 1
Special Listing Conditions
Standard: 1
Co-Ownership
Property Management YN: No
Documents Available
Copy Of Lease(s): 1
None: 1
Fencing
Back Yard: 1
Fenced: 1
Meter Information
Separate Electric Meters YN: Yes
Separate Gas Meters YN: No
Separate Water Meters YN: No
Number Of Separate Electric Meters: 2
Tenant Pays
Cable TV: 1
Electricity: 1
Possession
Subject To Tenant Rights: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Heating
Central: 1
Separate Meters: 1
Leasing Restrictions
Leasing - Max Times Per Year: 365
Leasing - Minimum Number of Days: 1
Construction Materials
Block: 1
Frame: 1
Laundry Features
Electric Dryer Hookup: 1
Inside: 1
Laundry Room: 1
Washer Hookup: 1
Levels
One: 1
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
Roof
Composition: 1
Shingle: 1
Water Source
Public: 1
Income and Expenses
Annual Total Expense: 10000
Gross Income: 49200
Net Operating Income: 40000
Operating Expense: 8000
Source Of Expenses
Owner Provided: 1
Other: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Wall/Window Unit(s): 1
Pets Allowed YN
Yes: 1
Pets Allowed
No Restrictions: 1
Pet Details
Pet Fee YN: No
Restrictions
No Restrictions: 1
Tax Information
County Only: 1
Unit 1 Appliances
Dryer: 1
Refrigerator: 1
Washer: 1
Unit 1 Details
Actual Rent: 2000
Baths Full: 1
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 1100
Unit 1 Lease Description
Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2026-12-09
Occupant Type: Tenant
Unit 1 Other Equipment
Air Conditioning Unit: 1
Unit 1 Parking Details
Carport YN: No
Garage YN: No
Unit 1 Parking Features
Parking Space: 1
Unit 1 Rooms
Den: 1
Unit 2 Appliances
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Unit 2 Details
Actual Rent: 2000
Baths Full: 1
Beds Total: 2
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 1100
Unit 2 Lease Description
Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2026-12-10
Unit 2 Other Equipment
Air Conditioning Unit: 1
Unit 2 Parking Details
Carport YN: No
Garage YN: No
Unit 2 Parking Features
Parking Space: 1
Unit 2 Rooms
Den: 1
Price Calculations
Current Price To SqFt: 319.44
Status Change Information
Major Change Timestamp: 2026-07-22T18:50:03Z
Major Change Type: New Listing
Status Change Date: 2026-07-22
Originating Details
Originating System Key: 20260722181242829485000000
Originating System ID: M00000170
Property Features
Documents Available: Copy Of Lease(s); None
Exterior Features: Storage
Fencing: Back Yard; Fenced
Flooring: Ceramic Tile; Tile
Leasing Permitted Details: Okay To Lease
Property Condition: Resale
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Electricity
Source Of Expenses: Owner Provided; Other
Construction Materials: Block; Frame
Cooling: Ceiling Fan(s); Central Air; Wall/Window Unit(s)
Heating: Central; Separate Meters
Laundry Features: Electric Dryer Hookup; Inside; Laundry Room; Washer Hookup
Levels: One
Listing Terms: Cash; Conventional; FHA
Pets Allowed YN: Yes
Pets Allowed: No Restrictions
Possession: Subject To Tenant Rights
Restrictions: No Restrictions
Roof: Composition; Shingle
Sewer: Public Sewer
Special Information: Sold As-Is
Tax Information: County Only
Utilities: Cable Available
Water Source: Public
Unit 1 Appliances: Dryer; Refrigerator; Washer
Unit 1 Other Equipment: Air Conditioning Unit
Unit 1 Parking Features: Parking Space
Unit 1 Rooms: Den
Unit 2 Appliances: Dryer; Range; Refrigerator; Washer
Unit 2 Other Equipment: Air Conditioning Unit
Unit 2 Parking Features: Parking Space
Unit 2 Rooms: Den
Supplements
Seller updates also include newer A/C systems, newer water heaters, remodeled bathrooms, and private washers and dryers in each unit. This is a turnkey, income-producing property that's ideal for investors seeking strong cash flow with minimal deferred maintenance.
Listing Office: The Keyes Company
Last Updated: July - 22 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
Broker Attribution:
561-577-0398
