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  4. 715 Washington Avenue 1-4, Lake Worth Beach, FL 33460
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715 Washington Avenue 1-4
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PRICED AT ONLY: $1,300,000

Address: 715 Washington Avenue 1-4, Lake Worth Beach, FL 33460

Description

Exceptional investment opportunity in the heart of Lake Worth Beach! This solid 4 unit multifamily at 715 Washington Ave features four spacious 3 bedroom, 1 bath apartments, each with its own washer & dryer, separate water and electric meters, and private entrances. Three units are currently rented at $2,200/month, with one vacant unit; market rent potential is $2,500/month per unit, bringing possible gross annual revenue to $120,000. Units offer bright living spaces, functional kitchens, and a well maintained layout. Situated on a generous lot with off street parking, the property is close to schools, shopping, dining, public transit, downtown, and beautiful beaches. With strong rental demand and value add potential, this is an ideal cash flowing asset for any investor.

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  • MLS#: RX-11115975 ( Quad Plex )
  • Street Address: 715 Washington Avenue 1-4
  • Viewed: 1
  • Price: $1,300,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1980
  • Bldg sqft: 0
  • Days On Market: 43

Description

Exceptional investment opportunity in the heart of Lake Worth Beach! This solid 4 unit multifamily at 715 Washington Ave features four spacious 3 bedroom, 1 bath apartments, each with its own washer & dryer, separate water and electric meters, and private entrances. Three units are currently rented at $2,200/month, with one vacant unit; market rent potential is $2,500/month per unit, bringing possible gross annual revenue to $120,000. Units offer bright living spaces, functional kitchens, and a well maintained layout. Situated on a generous lot with off street parking, the property is close to schools, shopping, dining, public transit, downtown, and beautiful beaches. With strong rental demand and value add potential, this is an ideal cash flowing asset for any investor.
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Features
Building and Construction
  • Absolute Longitude: 80.056715
  • Construction: Block, Concrete
  • Exterior Features: None
  • Flooring: Ceramic Tile
  • Roof: Comp Shingle
  • Sqft Source: Tax Rolls
  • Sqft Total: 4712.00
  • Total Building Sqft: 4528.00
Property Information
  • Property Condition: Resale
  • Property Group Id: 19990816212116581394000000
Land Information
  • Lot Description: < 1/4 Acre
  • Lot Dimensions: 50.0 ft x 135.0 ft
  • Subdivision Information: None
Eco-Communities
  • Private Pool: No
  • Storm Protection: None
  • Waterfront Details: None
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central
  • Heating: Central Building
  • Number Of Stories: 2.0
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: Yes
  • Utilities: Electric, Public Water
Finance and Tax Information
  • Application Fee: 0.00
  • Home Owners Association poa coa Monthly: 0.00
  • Homeowners Assoc: Mandatory
  • Income Expenses Annual Net Oper Inc: 72148.00
  • Income Expenses Annual Total Expense: 33492.00
  • Income Expenses Gross Operating Inc: 105600.00
  • Source Of Expenses: Owner
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Electric, Water
Other Features
  • Avail Info: Investment Analysis
  • Country: United States
  • Housing For Older Persons Act: No Hopa
  • Legal Desc: OSBORNE ADD AMND LT 50
  • Spa: No
  • Parcel Id: 38434434010000500
  • Possession: At Closing, Funding
  • Unit Number: 1-4
  • Zoning: SF-TF-
Nearby Subdivisions
Bryant Park   Lake Worth   Lake Worth Heights   Lake Worth Town   Lake Worth Town Add 01   Lake Worth Town Of   Lake Worth Town Of Add 1   Lakeview Heights Add 3   North Lake Worth   Osborne Add Amnd   Palm Bch Farms Co Townsit   Palm Beach Farms Co #2 Lu   Parkview Heights   S/d Of 21-44-43, W 1/2 In   Town Of Lake Worth   Town Of Lake Worth Lts 28 & 29   Townsite Apts Six Condo   Trumam  
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