Lake Worth Beach, FL 33460,204 S M ST
Listed by The Corcoran Group
Bought with Sun Realty USA Inc.

$450,000

Est. payment /mo

$499,000

9.8%
Est.Price: ?

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204 S M ST Lake Worth Beach, FL 33460

7 Beds

3 Baths

3,197 SqFt

SOLD DATE : 01/28/2020

Key Details

Sold Price $450,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,197 sqft

Price per Sqft $140

Subdivision Lake Worth Town Of

MLS Listing ID RX-10534881

Bedrooms 7

Full Baths 3

Year Built 1926

Annual Tax Amount $5,117

Tax Year 2018

Lot Size 5,225 Sqft

Property Description

Huge Cash Cow Options Galore. Either live in one apartment rent the other, keep operating as a fantastic vacation rental, or run your business from home as its zoned commercial MU-E. Located in downtown Lake Worth Beach just 2 blocks south of Lake Avenue close to restaurants/stores. Currently run as a successful Vacation Rental Complex the 1st floor apartment offers 4 bedrooms suites with original marshmallow stucco walls, hardwood floors, fireplace, and 9 ft. ceilings and large living area. Unit 2 is on the 2nd floor with 3 large bedroom suites, 1 bathroom, and an open living area, full kitchen. A laundry area exists in both apartments. The roof is brand new 2019, termite bond in place, new wiring, and in good condition. The income is a gross of $70K, and a net of $50K.

Location

State FL

County Palm Beach

Area 5610

Zoning PO/MF-

Interior

Heating Window/Wall

Cooling Wall-Win A/C

Flooring Carpet, Tile, Vinyl Floor, Wood Floor

Exterior

Exterior Feature Fence, Room for Pool

Utilities Available Cable, Electric, Public Sewer, Public Water

Amenities Available Bike - Jog, Golf Course, Sidewalks, Street Lights

Waterfront No

Waterfront Description None

Roof Type Comp Shingle

Building

Lot Description < 1/4 Acre

Story 2.0

Foundation Frame

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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