Address825 Truman Av, Lake Worth Beach, FL, 33460
Price$1,075,000
- 11 Beds
- 5 Baths
- Multi-unit
- 4,146 SQ FT
- Built in 1960
Great opportunity to acquire a remodeled and cash flowing quadplex - ready to be delivered with one vacant unit to take advantage of an ASSUMABLE (!!!) FHA loan at 3%! The property generated in 2023 $109k in GRI (see docs for T12). Proforma for 2024 is $127k (mainly from higher rent from upgraded units + additional income). Please do not disturb the tenants. Enjoy a stabilized asset with reliable tenants (one annual lease, two month-to-month, one currently vacant unit ready to rent). This property is located just minutes away from LWB Downtown, groceries, restaurants, the beach and Palm Beach State College. Adjacent LWB Howard Park is a family friendly and recently improved recreational park (soccer, basketball, BBQ, playground, etc.) and an added value for local tenant
Essential Information
- MLS® #RX-10957419
- Price$1,075,000
- HOA Fees$0
- Taxes$15,712 (2023)
- Bedrooms11
- Bathrooms5.00
- Full Baths5
- Square Footage4,146
- Acres0.17
- Price/SqFt$259 USD
- Year Built1960
- TypeMulti-Unit
- Sub-TypeQuad Plex
- RestrictionsBuyer Approval
- StyleNo
- StatusActive
Community Information
- Address825 Truman Av
- Area5640
- SubdivisionParkview Heights
- CityLake Worth Beach
- CountyPalm Beach
- StateFL
- Zip Code33460
Amenities
- Parking Spaces1
- ViewGarden, Preserve
- WaterfrontNone
Interior
- # of Stories2
Exterior
- RoofComp Shingle
- ConstructionCBS, Concrete
Additional Information
- Days on Website82
- ZoningSF-TF-14 (city)
Listing Details
Utilities
3-Phase Electric, Cable, Public Sewer, Public Water
Heating
Central Individual, Window/Wall
Cooling
Ceiling Fan, Wall-Win A/C, Central Individual
Exterior Features
Covered Patio, Extra Building, Fence, Fruit Tree(s), Shutters
Lot Description
< 1/4 Acre, Corner Lot, West of US-1
Office
Keller Williams Coastal Partners
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Listing information last updated on April 29th, 2024 at 6:30am EDT.
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