Homes for sale - 506 S M St, Lake Worth Beach, FL 33460

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Alan Olem

alan.olem@engelvoelkers.com +1(954) 854-7678

$ 1,429,774

Est. payment -/mo

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Active

506 S M St Lake Worth Beach, FL 33460

1,728 SqFt

UPDATED:

10/15/2024 01:10 PM

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,728 sqft

Price per Sqft $827

Subdivision Lake Worth Town Add 01

MLS Listing ID F10465638

Style Fourplex

Construction Status Resale

HOA Y/N No

Year Built 1925

Annual Tax Amount $9,677

Tax Year 2023

Property Description

Incredible investment opportunity! Currently bringing in $155k in annual gross revenue! Nestled on the peaceful M Street, this two-story building presents an excellent investment opportunity with four well-appointed apartments. Property sold turn-key furnished (including bedding, towels, appliances, cleaning supplies, and kitchenware) ready for move-in or for short term renting. The property includes: One 1-bedroom/ 1-bath apartment, One 2-bedroom/ 1 bath apartment, Two studio apartments with 1 bath each. This property boasts high visibility and easy accessibility, ensuring a steady flow of short- and long-term tenants.

Location

State FL

County Palm Beach County

Area Palm Beach 5600; 5610; 5620; 5630; 5640

Zoning SFR

Interior

Heating Electric Heat

Cooling Electric Cooling

Flooring Other Floors

Exterior

Exterior Feature Fence, Patio

Water Access Y

Water Access Desc None

Roof Type Other Roof

Private Pool No

Building

Lot Description Less Than 1/4 Acre Lot

Story 2.0000

Foundation Concrete Block Construction, Other Construction

Sewer Other Sewer

Construction Status Resale

Others

Pets Allowed No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by The Keyes Company

Alan Olem

Advisor | License ID: 3348595

+1(954) 854-7678

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