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516 N J Street

Lake Worth Beach, FL 33460
  • $399,516
  • STATUS: Active Under Contract
  • ON SITE: 37 Days
  • ID#: RX-10841128
Under Contract
UPDATED: 63 min ago
$399,516
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,236
    SQFT
  • $323
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1942
County:

School Ratings & Info

Description

Welcome to downtown Lake Worth Beach! Come check out this amazing income producing duplex where the tropics begin! This amazing property boasts two large 1 bedroom/1 bathroom units. It has been freshly painted, both apartments have huge living rooms, dade country hardwood pine floors and lush xeriscape landscaping. This property is set back on the lot so it has plenty of room in front for entertaining! The electric has been recently updated so each unit has separate meters. The landing stairs are currently being redone. There are 2 little courtyards for BBQ's and entertaining. This apartment is 5 blocks from downtown Lake Worth Beach's restaurants, bars, entertainment and nightlife. The units are 1.5 miles to the beach. Come see what Lake Worth living is all about!

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www.westpalmhomesearch.com/homes/134236152
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516 N J Street Lake Worth Beach, FL 33460

  • Price: $399,516
  • Status: Active Under Contract
  • On Site: 37 Days
  • Updated: 63 min ago
  • ID#: RX-10841128
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1,236
SQFT
$323
$/SQFT
1942
Built
Neighborhood:
Lake Worth Town Of
County:
Palm Beach
Area:
Lake Worth Beach
Property Description
Welcome to downtown Lake Worth Beach! Come check out this amazing income producing duplex where the tropics begin! This amazing property boasts two large 1 bedroom/1 bathroom units. It has been freshly painted, both apartments have huge living rooms, dade country hardwood pine floors and lush xeriscape landscaping. This property is set back on the lot so it has plenty of room in front for entertaining! The electric has been recently updated so each unit has separate meters. The landing stairs are currently being redone. There are 2 little courtyards for BBQ's and entertaining. This apartment is 5 blocks from downtown Lake Worth Beach's restaurants, bars, entertainment and nightlife. The units are 1.5 miles to the beach. Come see what Lake Worth living is all about!
Exterior Features

Carport Spaces 0.00 Construction Stucco Exterior Features FenceOpen PatioOpen Porch Lot Description Public RoadSidewalks Private Pool YN No Roof Comp Rolled Unit1 Parking Open Parking Unit2 Parking Open Parking View Garden Waterfront Description None Waterfront YN No

Interior Features

Cooling Ceiling FanWall-Win A/C Flooring Ceramic Tile Heating Window/Wall Unit1 Bedrooms 1 Unit1 Desc DryerKitchenLaundryMicrowaveRange - GasRefrigeratorWasher Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 650 Unit2 Bedrooms 1 Unit2 Desc Built-In ShelvesMicrowavePatioRefrigerator Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 586 Unit3 Sq Ft 0 Unit4 Sq Ft 0 Window Treatments Blinds

Property Features

Annual Net Operating Income 29000.00 Annual Total Expenses 4000.00 Auction No Available Info Deposit SecurityLeases Built Desc Resale Contingent Active Under Contract Contingents Appraisal Gated Community No Gross Operating Income 34200.00 Hoa Fee Per Month 0.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Maintenance Fee Includes None Multifamily Type Duplex REO No Restrictions Historic Designation Separate Electric Meters Yes Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Owner Sq Ft Total 1236.00 Subdivision Amenities Bike - JogCafe/RestaurantCommon LaundrySidewalksStreet Lights Tax Amount 5921.00 Tax Year 2022 Taxes No Homestead Tenant Pays CableElectric Terms Considered CashConventionalExchange Unit1 Monthly Income 1450.00 Unit2 Monthly Income 1400.00 Unit3 Monthly Income 0.00 Unit4 Monthly Income 0.00 Utilities Gas NaturalPublic SewerPublic Water Zoning Fam Residential

Listing provided courtesy of Coastal Classic Realty: (561) 523-2624. Listing information © 2022 BeachesMLS
 
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Ryan Jennings Group at Keller Williams Realty
12008 South Shore Blvd.
Wellington FL, 33414