$346,000
$369,990
6.5%For more information regarding the value of a property, please contact us for a free consultation.
1227 N E St Lake Worth, FL 33460
1,845 SqFt
Key Details
Sold Price $346,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,845 sqft
Price per Sqft $187
Subdivision Lake Worth Town
MLS Listing ID F10248073
Sold Date 03/29/21
Style Duplex
Construction Status Resale
HOA Y/N No
Year Built 1963
Annual Tax Amount $6,632
Tax Year 2019
Property Description
CASH COW ALERT!!! Magnificent opportunity to own a turnkey rental in North Lake Worth just minutes from historical Lake Worth & downtown entertainment on Lake Avenue! This is an investor's dream, occupied by long term tenants that never miss their payments w/ a total of 6 bedrooms and 3 bathrooms. This property is detached into two separate dwellings -- a 4/2 and a 2/1 -- that produces nearly $40,000.00 in yearly income while collecting rent payments well below the market rate with plenty of room to add value and increase rents 20-30%. Roof was installed in 2017 and A/C is less than 5 years old, and is completely FHA/VA APPROVED. Lake Worth represents one of the fastest growing cities in all of Palm Beach county -- Buy this well-located property today and start collecting rent from day 1!
Location
State FL
County Palm Beach County
Area Palm Beach 5600; 5610; 5620; 5630; 5640
Zoning SFR
Interior
Heating Central Heat
Cooling Central Cooling
Flooring Tile Floors
Exterior
Water Access N
Roof Type Comp Shingle Roof
Private Pool No
Building
Lot Description Less Than 1/4 Acre Lot
Story 1.0000
Foundation Concrete Block Construction
Sewer Municipal Sewer
Water Municipal Water
Construction Status Resale
Others
Pets Allowed No
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
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