Address: 713 2nd Avenue, Lake Worth Beach, FL 33460
Description
Corner lot multi family property with 2 buildings and 8 beautifully furnished 1 bed 1 bath 550 sq ft residential units. Prime location, just one block from the Bamboo Room. Features oversized backyard with space for a pool. Ideal investment opportunity. Completely updated in 2020 with brand new hurricane impact glass windows/doors, stucco, roof, finished floors, plumbing, water lines, mechanical, electrical, & upgraded lighting. Individual electric meters for each unit. Fully occupied: Rent rolls available upon request. 5 min drive to Lake Worth Beach Casino Building & Beach Complex; Benny's on the Beach; The Tideline Resort & Spa; & The Four Seasons Palm Beach. 2 block walk from the heart of Lake Worth Beach Downtown.
Corner lot multi family property with 2 buildings and 8 beautifully furnished 1 bed 1 bath 550 sq ft residential units. Prime location, just one block from the Bamboo Room. Features oversized backyard with space for a pool. Ideal investment opportunity. Completely updated in 2020 with brand new hurricane impact glass windows/doors, stucco, roof, finished floors, plumbing, water lines, mechanical, electrical, & upgraded lighting. Individual electric meters for each unit. Fully occupied: Rent rolls available upon request. 5 min drive to Lake Worth Beach Casino Building & Beach Complex; Benny's on the Beach; The Tideline Resort & Spa; & The Four Seasons Palm Beach. 2 block walk from the heart of Lake Worth Beach Downtown.
Features
Building and Construction
Absolute Longitude: 80.056154
Construction: CBS, Concrete
Exterior Features: Room for Pool
Flooring: Other
Roof: Other
Sqft Source: Tax Rolls
Sqft Total: 4592.00
Total Building Sqft: 4592.00
Property Information
Property Condition: Resale
Property Group Id: 19990816212116581394000000
Land Information
Lot Description: < 1/4 Acre
Subdivision Information: Bike - Jog, Sidewalks
Eco-Communities
Private Pool: No
Storm Protection Impact Glass: Complete
Waterfront Details: None
Utilities
Carport Spaces: 0.00
Cooling: Central
Heating: Central
Number Of Stories: 2.0
Separate Elec Meters: Yes
Separate Wtr Meters: No
Utilities: Public Sewer, Public Water
Finance and Tax Information
Homeowners Assoc: None
Income Expenses Annual Net Oper Inc: 120800.00
Income Expenses Annual Total Expense: 34000.00
Income Expenses Gross Operating Inc: 154800.00
Source Of Expenses: Owner
Tax Year: 2024
Rental Information
Tenant Pays: Electric
Other Features
Avail Info: Leases
Country: United States
Housing For Older Persons Act: No Hopa
Legal Desc: TOWN OF LAKE WORTH LTS 14 TO 16 INC BLK 87
Prime 5 plex Income Property Water Views & Expansion development potential. Maximizing return on your investment.Exceptional investment opportunity in the heart of downtown Lake Worth Beach! This well
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