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614 N E Street

Lake Worth Beach, FL 33460
  • $390,000
  • STATUS: Active Under Contract
  • ON SITE: 18 Days
  • ID#: RX-10857301
Under Contract
UPDATED: 53 min ago
$390,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,478
    SQFT
  • $264
    $/SQFT
Neighborhood:
Lake Worth Town Of
Type:
Multi-Family
Built:
1955
County:
Palm Beach
Area:
Lake Worth Beach

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Description

Great income producing duplex in the heart of Lake Worth Beach! 3 bedroom 3 bath home. 2/2 on one side 1/1 on the other side. Rear entrance on the property allows for additional parking or fenced in storage space. Rent is currently below market value, both tenants month to month - now's your chance to add value! Property is zoned multifamily and full CBS structure!!

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www.keriannworley.com/homes/135969262
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614 N E Street Lake Worth Beach, FL 33460

  • Price: $390,000
  • Status: Active Under Contract
  • On Site: 18 Days
  • Updated: 53 min ago
  • ID#: RX-10857301
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1,478
SQFT
$264
$/SQFT
1955
Built
Neighborhood:
Lake Worth Town Of
County:
Palm Beach
Area:
Lake Worth Beach
Property Description
Great income producing duplex in the heart of Lake Worth Beach! 3 bedroom 3 bath home. 2/2 on one side 1/1 on the other side. Rear entrance on the property allows for additional parking or fenced in storage space. Rent is currently below market value, both tenants month to month - now's your chance to add value! Property is zoned multifamily and full CBS structure!!
Exterior Features

Carport Spaces 0.00 Construction CbsConcrete Exterior Features Covered PatioFenceNoneOpen PorchShed Lot Description < 1/4 Acre Lot Dimensions .1551 Private Pool YN No Roof Other Unit1 Parking Space Parking Unit2 Parking Space Parking Waterfront Description None Waterfront YN No

Interior Features

Cooling Wall-Win A/C Flooring LinoleumTile Heating Window/Wall Unit1 Bedrooms 2 Unit1 Desc A/C UnitDryerElectric MeterPatioRange - ElectricWasher Unit1 Full Baths 2 Unit1 Furnished No Unit1 Sq Ft 853 Unit2 Bedrooms 1 Unit2 Desc A/C UnitElectric MeterKitchenPatioRange - ElectricRefrigeratorW/D Hookup Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 625

Property Features

Annual Net Operating Income 31800.00 Annual Total Expenses 6000.00 Auction No Available Info Investment Analysis Built Desc Resale Contingent Active Under Contract Contingents Inspection Gated Community No Gross Operating Income 37800.00 Hoa Fee Per Month 0.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Multifamily Type Duplex Possession Funding REO No Restrictions None Separate Electric Meters Yes Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Other Special Info Sold As-Is Sq Ft Total 1714.00 Subdivision Amenities None Tax Amount 5050.57 Tax Year 2022 Taxes City/County Tenant Pays ElectricSewerWater Terms Considered CashConventionalExchange Unit1 Monthly Income 1650.00 Unit2 Monthly Income 1500.00 Utilities CableElectricPublic SewerPublic Water Zoning Sf-Tf-

Listing provided courtesy of Coldwell Banker Realty /Delray Beach: [IDXCONTACTINFORMATION]. Listing information © 2023 BeachesMLS
 
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Keriann Worley, Broker Associate at Douglas Elliman Real Estate
444 East Palmetto Park Rd
Boca Raton FL, 33432