$330,000
FL 33460
MLS# F1226698
Status: Closed
10125 sqft
1 / 11
Property Description
Rare find of CBS well maintained 5-plex building in downtown Lake Worth. Longterm tenants. Positive cashflow. Near golf, downtown, shopping, walking distance to beach. Ten mins to CitiPlace and two colleges. Units all have hurricane shutters, Coin Laundry on property. Great little community to keep as rentals or change to low density commercial use.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2013-02-26
Status: Closed
Original List Price: 379000
Sold Price: $330,000
Current Price: $330,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Municipal Code: 38
Postal Code: 33460
Geographic Area: PB16
Subdivision Number: 15
Country: United States
Street Number: 511
Street Direction Prefix: N
Street Name: 6th
Street Suffix: Avenue
Unit Number: A-E
State Or Province: FL
Postal Code +4: 3109
Area: 5600
Parcel Number: 38434421151560140
Zoning: SFTF14
Directions: TAKE I95 NORTH TO 10TH AVE, EXIT GO EAST TO DIXIE HWY, GO SOUTH TO 7TH AVE. GO EAST TO NORTH "L" STREET GO LEFT TO ADDRESS. SEE MAPQUEST.
General Property Information
Number Of Buildings: 2
Number Of Units Total: 5
Price Per Unit: 75500
Occupant Type: Tenant
Lot Size Area: 10125
Stories Total: 1
Property Sub Type: Multi Family
Building Area Main: 10125
Year Built: 1940
Parking Total: 4
Currently Not Used
Ownership Type: Sole Proprietor
Office/Member Information
DXORIGMLSID: FLL
Status Change Information
Buyer Financing: Conventional
Major Change Timestamp: 2013-04-30T13:11:24Z
Major Change Type: Status Change
Status Change Date: 2013-05-06
Under Contract Date: 2013-03-28
Close Date: 2013-04-30
Close Price: 330000
Electric
110 Volts: 1
220 Volts: 1
Flooring
Ceramic Tile: 1
Wood: 1
Parking Features
Common: 1
On Street: 1
Ground Level: 1
Property Condition
Resale: 1
Short Sale Details
Short Sale Addendum: No
Documents Available
Copy Of Lease(s): 1
Existing Survey: 1
Meter Information
Number Of Meters Total: 5
Location of Property
City Location: 1
In Residential Area: 1
Possession
Subject To Tenant Rights: 1
Sewer
Public Sewer: 1
Special Information
Presently Leased: 1
Zoning Information
Use Conforms To Zoning: 1
Building and Property Details
# Of Tenants: 5
# Of Toilets: 5
% Air Conditioned: 100
Door Height: 0-8'
Interior Ceiling Height: 8
Building Features
Awning/Hurricane Covers: 1
Ceiling
Drywall: 1
Plastered: 1
Column Span
Unknown: 1
Common Area Maintenance Includes
Fire Liability Insurance: 1
Gas/Oil: 1
Grounds/Plants: 1
HVAC Maintenance: 1
Inside Insurance: 1
Interior Electric: 1
Telephone: 1
Trash Collection: 1
Water: 1
Distance To Information
Miles to Beach: 2
Miles to Expressway: 2
Heating
Central: 1
Electric: 1
Window/Wall: 1
Sale Includes
Land: 1
Leases: 1
Special Licenses
City License: 1
Sprinkler Description
City Sprinkler System: 1
Construction Materials
CBS: 1
Listing Terms
Assumable: 1
Cash: 1
Road Frontage Type
City Street: 1
Roof
Composition: 1
Tar/Gravel: 1
Security Features
Fire Alarm: 1
Other: 1
Water Source
Public: 1
Income and Expenses
Inc/Exp Statement Period: 2011-2012
Real Estate Taxes: 4800
Service Expense: 750
Utilities Expense: 5100
Occupancy Percentage: 100
Gross Scheduled Income: 49200
Insurance Expense: 1800
Maintenance Expense: 2600
Net Operating Income: 34200
Operating Expense: 15655
Other Expense: 605
Source Of Expenses
Tax Return: 1
Description of Unit Type 1
Unit Type: 2 Bedroom
Units Total: 1
Beds Total: 2
Furnished: No
Annual Rent: 1100
Description of Unit Type 2
Unit Type: 1 Bedroom
Units Total: 1
Beds Total: 1
Furnished: No
Annual Rent: 725
Cooling
Central Individual: 1
Wall/Window Unit(s): 1
Description of Unit Type 3
Unit Type: 1 Bedroom
Units Total: 1
Beds Total: 1
Furnished: No
Annual Rent: 725
Description of Unit Type 4
Unit Type: 1 Bedroom
Units Total: 1
Beds Total: 1
Furnished: No
Description of Unit Type 5
Unit Type: Efficiency
Units Total: 1
Furnished: Yes
Winter: 1000
Showing Requirements
Call Listing Agent: 1
Rail Description
No Rail Service: 1
Concessions
Seller Concessions: No
Price Calculations
Current Price To SqFt: 32.59
Original List Price To Close Price: 0.87
Section Details
Parcel Number MLX: 0140
Acreage Description
Less Than 1/4 Acre Lot: 1
Financial Information
Tax Annual Amount: 4811
Tax Year: 2012
Tax Legal Description: TOWN OF LAKE WORTH LTS 14 TO 16 INC BLK 156
Originating Details
Originating System Key: 1608980
Originating System ID: M00000170
Property Features
Building Features: Awning/Hurricane Covers
Ceiling: Drywall; Plastered
Column Span: Unknown
Common Area Maintenance Includes: Fire Liability Insurance; Gas/Oil; Grounds/Plants; HVAC Maintenance; Inside Insurance; Interior Electric; Telephone; Trash Collection; Water
Documents Available: Copy Of Lease(s); Existing Survey
Electric: 110 Volts; 220 Volts
Flooring: Ceramic Tile; Wood
Heating: Central; Electric; Window/Wall
Location of Property: City Location; In Residential Area
Parking Features: Common; On Street; Ground Level
Possession: Subject To Tenant Rights
Property Condition: Resale
Sale Includes: Land; Leases
Special Licenses: City License
Sprinkler Description: City Sprinkler System
Zoning Information: Use Conforms To Zoning
Source Of Expenses: Tax Return
Construction Materials: CBS
Cooling: Central Individual; Wall/Window Unit(s)
Listing Terms: Assumable; Cash
Rail Description: No Rail Service
Road Frontage Type: City Street
Roof: Composition; Tar/Gravel
Security Features: Fire Alarm; Other
Sewer: Public Sewer
Special Information: Presently Leased
Water Source: Public
Showing Requirements: Call Listing Agent
Acreage Description: Less Than 1/4 Acre Lot
Listing Office: Patti Chung-Sheldon LLC
Last Updated: November - 13 - 2026
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