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618 3rd Avenue
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PRICED AT ONLY: $649,000

Address: 618 3rd Avenue, Lake Worth Beach, FL 33460

Description

Completely remodeled 1 year ago. Roof 2018. Unique investment opportunity. Tenants in place! Unit 1 tenant lease expires September 30, 2025. Unit 2 tenant lease expires February 20, 2025. Have you been looking for an income producing property where you can live and collect rent to offset expenses? BINGO! Two 1/1 units, all utilities separately metered (water, sewer, electric and gas), with 3 off street parking spaces for Unit 1 (including a 1 car garage); Unit 2 enjoys a fenced backyard with patio and separate laundry room with storage. Just 2 blocks from buzzing downtown Lake Worth Beach. Perfect scenario for snowbird who wants a comfortable home that is an easy walk to town and the beach. Each unit is a spacious 1/1 with luxury vinyl flooring, washer/dryer, white Shaker

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  • MLS#: RX-11031014 ( Duplex )
  • Street Address: 618 3rd Avenue
  • Viewed: 6
  • Price: $649,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1966
  • Bldg sqft: 0
  • Days On Market: 64

Description

Completely remodeled 1 year ago. Roof 2018. Unique investment opportunity. Tenants in place! Unit 1 tenant lease expires September 30, 2025. Unit 2 tenant lease expires February 20, 2025. Have you been looking for an income producing property where you can live and collect rent to offset expenses? BINGO! Two 1/1 units, all utilities separately metered (water, sewer, electric and gas), with 3 off street parking spaces for Unit 1 (including a 1 car garage); Unit 2 enjoys a fenced backyard with patio and separate laundry room with storage. Just 2 blocks from buzzing downtown Lake Worth Beach. Perfect scenario for snowbird who wants a comfortable home that is an easy walk to town and the beach. Each unit is a spacious 1/1 with luxury vinyl flooring, washer/dryer, white Shaker
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Features
Building and Construction
  • Absolute Longitude: 80.055284
  • Construction: CBS
  • Exterior Features: Fence, Open Patio
  • Flooring: Vinyl Floor
  • Roof: Comp Shingle
  • Sqft Source: Tax Rolls
  • Sqft Total: 1896.00
  • Total Building Sqft: 1320.00
Property Information
  • Property Condition: Resale
  • Property Group Id: 19990816212116581394000000
Land Information
  • Lot Description: < 1/4 Acre, Corner Lot, Public Road, Sidewalks
  • Subdivision Information: Bike - Jog
Eco-Communities
  • Private Pool: No
  • Storm Protection Panel Shutters: Partial
  • Waterfront Details: None
Utilities
  • Carport Spaces: 0.00
  • Cooling: Ceiling Fan, Central, Electric
  • Heating: Central, Electric, Heat Strip
  • Number Of Stories: 1.0
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: Yes
  • Utilities: Electric, Gas Natural, Public Sewer, Public Water
  • Window Treatments: Blinds
Finance and Tax Information
  • Homeowners Assoc: None
  • Income Expenses Annual Net Oper Inc: 40873.00
  • Income Expenses Annual Total Expense: 9527.00
  • Income Expenses Gross Operating Inc: 50400.00
  • Source Of Expenses: Owner
  • Tax Year: 2023
Rental Information
  • Tenant Pays: Cable, Electric, Gas, Sewer, Water
Other Features
  • Avail Info: Leases
  • Country: United States
  • Housing For Older Persons Act: No Hopa
  • Legal Desc: TOWN OF LAKE WORTH W 85 FT OF LTS 1 & 2 BLK 89
  • Parcel Id: 38434421150890012
  • Possession: Funding, Quick Closing
  • Zoning: MF-20(
Nearby Subdivisions
Bryant Park   Lake Worth Beach   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   Latona Court Amnded Plat   North Lake Worth   Parkview Heights   S/d Of 21-44-43, W 1/2 In   Worthmore Park  
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