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7871 Terrace Road
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PRICED AT ONLY: $399,700

Address: 7871 Terrace Road, Lake Worth, FL 33462

Description

This partially renovated duplex presents a compelling investment opportunity with immediate rental income and long term development potential. Constructed of durable CBS, the property features a newer roof installed in 2024 and is zoned multi family medium density, allowing for up to five units. What appears to be a vacant lot next door is actually part of the property, offering additional land for future expansion or redevelopment. One unit has been moderately renovated with updates that include laminate flooring and appliances. The second unit has been fully renovated and professionally staged. It features updated kitchen cabinetry with a snack bar and is currently operating as a successful short term rental, creating an attractive opportunity for diversified income streams. The property is equipped with two separate electric meters and one water meter, supporting ease of management for multiple units. With its combination of current cash flow, recent improvements, flexible zoning, and additional land, this duplex is well suited for investors seeking both immediate returns and future development upside in a highly visible area close to beaches, PBIA and extensive dining and entertainment opportunities within minutes.

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  • MLS#: R11148464 ( Residential Income )
  • Street Address: 7871 Terrace Road
  • Viewed: 37
  • Price: $399,700
  • Price sqft: $423
  • Waterfront: No
  • Year Built: 1955
  • Bldg sqft: 944
  • Total Baths: 2
  • Days On Market: 47

Description

This partially renovated duplex presents a compelling investment opportunity with immediate rental income and long term development potential. Constructed of durable CBS, the property features a newer roof installed in 2024 and is zoned multi family medium density, allowing for up to five units. What appears to be a vacant lot next door is actually part of the property, offering additional land for future expansion or redevelopment. One unit has been moderately renovated with updates that include laminate flooring and appliances. The second unit has been fully renovated and professionally staged. It features updated kitchen cabinetry with a snack bar and is currently operating as a successful short term rental, creating an attractive opportunity for diversified income streams. The property is equipped with two separate electric meters and one water meter, supporting ease of management for multiple units. With its combination of current cash flow, recent improvements, flexible zoning, and additional land, this duplex is well suited for investors seeking both immediate returns and future development upside in a highly visible area close to beaches, PBIA and extensive dining and entertainment opportunities within minutes.
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Features
Building and Construction
  • Flooring: Laminate
  • Roof: Built-Up
Land Information
  • Lot Features: Room for Pool
Eco-Communities
  • Water Source: Public
Utilities
  • Cooling: Wall/Window Unit(s)
  • Electric: Three Phase
  • Heating: Window/Wall
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
Amenities
  • Association Amenities: None
Finance and Tax Information
  • Tax Year: 2025
Rental Information
  • Tenant Pays: Cable TV, Electricity
Other Features
  • Legal Description: TROPICAL TERRACE LTS 87 & 88
  • Parcel Number: 00434510070000870
  • Views: 37
  • Zoning Code: RM
Nearby Subdivisions
Boynton Estates 2   Floral Park   Floral Park Lantana   Hypoluxo Village   Hypoluxo Village 1   Island Estates   Island Ests Add 1 In   Lake Osborne   Lofts   Make Your Own Subdivision   Maralago Cay   Maralago Cay Mobile Home Park   Palm Breezes Club   Palms At Atlantis   Ridge Grove Add 1   Rio Vista Villas   San Castle 1st & 2nd Adds In P   San Castle 3rd And 4th Adds   Seminole Manor 02   Seminole Manor 1   Seminole Manor 2   Tropical Terrace  
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