Rare four-unit investment opportunity in the rapidly growing Lake Park market. This unique property features a main residence plus a triplex with three efficiency units, generating $86,400 in annual gross rental income with immediate cash flow. Ideally located just minutes from the Intracoastal Waterway, Singer Island beaches, marina, brewery, theater, Publix, US-1, I-95, and Palm Beach International Airport. Per current zoning and permitting information, the property may accommodate up to 10 units (buyer to verify). The main house also offers potential to convert to a 3BR/2BA. Whether you're looking to renovate, add value, or hold for long-term income, this property offers exceptional upside in a high-demand rental market. Quiet street, easy to rent, and outstanding investment potential. All information pertaining to the property is deemed reliable, but not guaranteed. Information to be verified by the Buyer. Be advised that cameras may exist recording audio and video inside/outside the property, such as ring doorbells. Photos are digitally enhanced and could be altered, please verify.
Property Details
- Interior
- No Interior Features, Utility/Laundry In Garage
- Cooling
- 1
- Heating
- Window/Wall
- Cooling Features
- Wall/Window Unit(s)
- Bedrooms
- 3
- Bathrooms
- 4.0
- Full Baths
- 4
- Lot Features
- Less Than 1/4 Acre Lot, Less Than 1 Acre, Fenced
- Stories
- 1
- Lot Description
- Less Than 1/4 Acre Lot, Less Than 1 Acre, Fenced
- Exterior Features
- Barbeque
- Exterior Materials
- Barbeque
- Acres
- 0.14
- Square Feet
- 1732
- Parking Features
- 2 Or More Spaces, Driveway, Open, On Street
- Parking Spaces
- 4
- Parking Type
- Driveway
- Property Type
- Purchase
- Style
- Ranch, One Story
- Year Built
- 1945
- Roof
- Comp Shingle Roof, Tar/Gravel, Shingle, Tar & Gravel Roof
- Sewer Information
- Public Sewer, Public Sanitation, Sewer
- Utility Source
- Public
- Utility Features
- Electricity Available, Sewer Available, Water Available
- Appliances
- Electric Water Heater, Microwave, Electric Range, Refrigerator
- Subdivision
- KELSEY CITY
- Middle School
- Howell L. Watkins
- High School
- Palm Beach Gardens
- County
- Palm Beach County
- Region
- Lake Park
- Zoning
- R1 (city)
- Original List Price
- $750,000
- Taxes Annual
- $11,412
Location
Legal
MIAMI ASSOCIATION OF REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Marjo Realty Co. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS.
Provided By
Listed by Micah L Volmer (#FLL765511277)
Listing Office: One Sotheby's International Realty (#FLL279626259)
