$367,500
Lake Worth Beach, FL 33460
MLS# R10476405
Status: Closed
2266 sqft
1 / 31
Property Description
*INVESTOR SPECIAL* WELL OVER 10% CAP RATE** FULLY RENTED TWO STORY TRIPLEX. INCOME OVER $48,000 ON THIS CASH COW! PROPERTY FEATURES THREE UPDATED UNITS,NEW ROOF, NEW FLOORING, NEW LANDSCAPING, FRESH PAINT, GAS, AND BRAND NEW APPLIANCES. THIS TRIPLEX SITS ON A HUGE LOT, ALSO HAS CONCRETE PARKING LOT WITH FOUR PARKING SPACES ON THE PROPERTY! TOP FLOOR UNIT FEATURES A LARGE 2 BED 1 BATH UNIT WITH OVER 1,000 SQ FT. THE FIRST FLOOR CONSISTS OF TWO SPACIOUS 1 BED 1 BATH UNITS AND THERE'S A LAUNDRY ROOM IN THE BUILDING AS WELL!! EACH UNIT HAS THEIR OWN ELECTRIC AND WATER METER. THIS PROPERTY HAS IT ALL. GREAT LOCATION, JUST MINUTES TO DOWNTOWN LAKE WORTH AND BEACH! THIS ONE WILL GO QUICK. DON'T MISS OUT ON THIS AMAZING INVESTMENT OPPORTUNITY. CALL LISTING AGENT TODAY FOR MORE INFORMATION
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2018-10-29
Status: Closed
Original List Price: 369000
Sold Price: $367,500
Current Price: $367,500
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: 902
Street Direction Prefix: S
Street Name: L
Street Suffix: Street
State Or Province: FL
Postal Code: 33460
Subdivision Name: LAKE WORTH TOWN OF ADD 1
Area: 5610
Parcel Number: 38434427010280080
Zoning: SF-7(c
Directions: I-95 to 6th Avenue S exit, go East to Dixie Hwy, turn right going South, turn left on 8th Ave S and go East to South L Street on your right, property will be on the left side of the street.
General Property Information
Number Of Units Total: 3
Living Area Main: 2190
Lot Size Dimensions: 50.0 ft x 135.0 ft
Lot Size Area: 6750
Senior Community YN: No
Stories: 2
Pool Private YN: No
Property Sub Type: Triplex
Building Area Main: 2266
Building Area Source: Public Records
Year Built: 1928
Lot Size Acres: 0.15
Office/Member Information
DXORIGMLSID: RML
Status Change Information
Buyer Financing: Conventional
Major Change Timestamp: 2019-02-13T20:05:41Z
Major Change Type: Status Change
Status Change Date: 2019-02-13
Under Contract Date: 2019-01-08
Close Date: 2019-02-11
Close Price: 367500
Association Amenities
Boating: 1
Jogging Path: 1
Picnic Area: 1
Sidewalks: 1
Street Lights: 1
Electric
Three Phase: 1
Exterior Features
None: 1
Flooring
Wood: 1
Property Condition
Resale: 1
Short Sale Details
Short Sale Addendum: No
Special Information
Sold As-Is: 1
Documents Available
Copy Of Lease(s): 1
Deposit - Last Months Rent: 1
Deposit - Security: 1
Deposit Held: 1
Meter Information
Separate Electric Meters YN: Yes
Separate Water Meters YN: Yes
Tenant Pays
None: 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
Construction Materials
Frame: 1
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Lot Features
Room for Pool: 1
Sidewalks: 1
Roof
Other: 1
Water Source
Public: 1
Income and Expenses
Annual Total Expense: 11000
Gross Income: 48600
Net Operating Income: 37600
Source Of Expenses
Owner Provided: 1
Other: 1
Cooling
Wall/Window Unit(s): 1
Showing Requirements
Appointment Only: 1
Occupied: 1
Schedule Online: 1
Text Listing Agent: 1
Restrictions
No Restrictions: 1
Tax Information
City/County: 1
Contingencies
Other: 1
Unit 1 Appliances
Dishwasher: 1
Range: 1
Refrigerator: 1
Unit 1 Details
Actual Rent: 1275
Baths Full: 1
Beds Total: 1
Furnished: Unfurnished
SqFt: 595
Unit 1 Lease Description
Lease Expiration: 2019-10-19
Unit 1 Parking Features
Open Parking: 1
Parking Space: 1
Unit 1 Rooms
Kitchen: 1
Unit 2 Appliances
Dishwasher: 1
Range: 1
Refrigerator: 1
Unit 2 Details
Actual Rent: 1650
Baths Full: 1
Beds Total: 2
Furnished: Unfurnished
SqFt: 1095
Unit 2 Lease Description
Lease Expiration: 2019-06-30
Unit 2 Other Equipment
Air Conditioning Unit: 1
Unit 2 Parking Features
Open Parking: 1
Parking Space: 1
Unit 2 Rooms
Kitchen: 1
Unit 3 Appliances
Dishwasher: 1
Range: 1
Refrigerator: 1
Unit 3 Details
Actual Rent: 1125
Baths Full: 1
Beds Total: 1
Furnished: Unfurnished
SqFt: 500
Unit 3 Lease Description
Lease Expiration: 2019-09-30
Unit 3 Parking Features
Open Parking: 1
Parking Space: 1
Unit 3 Rooms
Kitchen: 1
Unit 4 Details
Actual Rent: 0
SqFt: 0
Price Calculations
Current Price To SqFt: 167.8
Original List Price To Close Price: 1
Acreage Description
Less Than 1/4 Acre Lot: 1
Financial Information
Tax Annual Amount: 4220
Tax Year: 2017
Tax Legal Description: ADD 1 TO TOWN OF LAKE WORTH LT 8 BLK 28
Originating Details
Originating System Key: 20181025125811131833000000
Originating System ID: M00000170
Property Features
Association Amenities: Boating; Jogging Path; Picnic Area; Sidewalks; Street Lights
Documents Available: Copy Of Lease(s); Deposit - Last Months Rent; Deposit - Security; Deposit Held
Electric: Three Phase
Exterior Features: None
Flooring: Wood
Property Condition: Resale
Tenant Pays: None
Source Of Expenses: Owner Provided; Other
Construction Materials: Frame
Cooling: Wall/Window Unit(s)
Heating: None
Listing Terms: Cash; Conventional; FHA; VA Loan
Lot Features: Room for Pool; Sidewalks
Possession: Close Of Escrow; Negotiable
Restrictions: No Restrictions
Roof: Other
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
Showing Requirements: Appointment Only; Occupied; Schedule Online; Text Listing Agent
Unit 1 Appliances: Dishwasher; Range; Refrigerator
Unit 1 Parking Features: Open Parking; Parking Space
Unit 1 Rooms: Kitchen
Unit 2 Appliances: Dishwasher; Range; Refrigerator
Unit 2 Other Equipment: Air Conditioning Unit
Unit 2 Parking Features: Open Parking; Parking Space
Unit 2 Rooms: Kitchen
Unit 3 Appliances: Dishwasher; Range; Refrigerator
Unit 3 Parking Features: Open Parking; Parking Space
Unit 3 Rooms: Kitchen
Contingencies: Other
Acreage Description: Less Than 1/4 Acre Lot
Listing Office: Keller Williams Realty/P B
Last Updated: August - 06 - 2026
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