Spectacular Investment Opportunity!
Prime income producing triplex ideally located just steps from vibrant Downtown Lake Worth Beach and only minutes from the ocean. Situated on a 0.16 acre lot, this property is zoned 0800 multifamilyallowing for up to five units (or potentially more)!
Restore and rent the existing three units at full market value, or tear down and build new to maximize cash flow potential. The property sits just half a block from Lucerne and Lake Avenue, an area in high demand with tenants for its walkability and proximity to shops, dining, entertainment, and the Tri Rail station.
Current tenants are month to month, full flexibility to either retain them for steady income or renovate and reposition for higher return. Property in need of rehab and upgrades opportunity in one of Lake Worth's most sought after rental corridors!
Please drive by only and do not disturb tenants.
Spectacular Investment Opportunity!
Prime income producing triplex ideally located just steps from vibrant Downtown Lake Worth Beach and only minutes from the ocean. Situated on a 0.16 acre lot, this property is zoned 0800 multifamilyallowing for up to five units (or potentially more)!
Restore and rent the existing three units at full market value, or tear down and build new to maximize cash flow potential. The property sits just half a block from Lucerne and Lake Avenue, an area in high demand with tenants for its walkability and proximity to shops, dining, entertainment, and the Tri Rail station.
Current tenants are month to month, full flexibility to either retain them for steady income or renovate and reposition for higher return. Property in need of rehab and upgrades opportunity in one of Lake Worth's most sought after rental corridors!
Please drive by only and do not disturb tenants.
Features
Building and Construction
Exterior Features: None
Flooring: Other
Roof: Other
School Information
High School: Lake Worth
Middle School: Lake Worth
School Elementary: South Grade
Utilities
Cooling: Other
Electric: Three Phase
Heating: Other
Amenities
Association Amenities: Sidewalks
Finance and Tax Information
Tax Year: 2025
Rental Information
Tenant Pays: Electricity
Other Features
Legal Description: TOWN OF LAKE WORTH LTS 24 & 25 BLK 7
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