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130 S Lakeside 1 Drive

Lake Worth, FL 33460
  • $1,850,000
  • STATUS: Active
  • ON SITE: 8 Days
  • ID#: RX-11057260
$1,850,000
  • 0
    BEDS
  • 0.31
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,408
    SQFT
  • $543
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1954
County:
Area:

School Ratings & Info

Description

Prime 5-plex Income Property-Water Views & Expansion PotentialExceptional investment opportunity in the heart of downtown Lake Worth Beach! This well maintained five-plex sits across from the Intracoastal Waterway, offering water views from end unit and potential for even more stunning vistas with a second-story addition.All 5 units are tenant-occupied, ensuring immediate rental income.4 are long term and under rental value. Soo much more income potential. Centrally located within walking distance to the beach, golf course, parks, Ampitheatre, fishing pier, and vibrant shops and restaurants, Easy access to 1-95 for seamless commuting.serious inquiries only. Access will be granted upon accepted contract.NOTE: #5 Rented at $1850.00 monthly

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www.kaufman-propertiesfl.com/homes/159881998
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130 S Lakeside 1 Drive Lake Worth, FL 33460

  • Price: $1,850,000
  • Status: Active
  • On Site: 8 Days
  • ID#: RX-11057260
0
Beds
0
Baths
0
½ Baths
0.31
Acres
3,408
SQFT
$543
$/SQFT
1954
Built
Neighborhood:
Lake Worth Town Of
County:
Palm Beach
Area:
Lake Worth
Property Description
Prime 5-plex Income Property-Water Views & Expansion PotentialExceptional investment opportunity in the heart of downtown Lake Worth Beach! This well maintained five-plex sits across from the Intracoastal Waterway, offering water views from end unit and potential for even more stunning vistas with a second-story addition.All 5 units are tenant-occupied, ensuring immediate rental income.4 are long term and under rental value. Soo much more income potential. Centrally located within walking distance to the beach, golf course, parks, Ampitheatre, fishing pier, and vibrant shops and restaurants, Easy access to 1-95 for seamless commuting.serious inquiries only. Access will be granted upon accepted contract.NOTE: #5 Rented at $1850.00 monthly
Exterior Features

Carport Spaces 0.00 Construction CBSConcrete Exterior Features CabanaCovered PatioExterior W/D HookupManual SprinklerOpen Porch Lot Description 1/2 to < 1 Acre1/4 to 1/2 AcrePaved RoadPublic RoadSidewalks Lot Dimensions 100.0 ft x 135.0 ft Private Pool YN No Roof Comp Shingle Unit1 Parking Open Parking Unit2 Parking Open ParkingSpace Parking View GardenOther Waterfront Description IntracoastalNone Waterfront YN No

Interior Features

Cooling CentralCentral Individual Flooring TileWood Floor Heating CentralCentral Individual Unit1 Desc A/C UnitKitchenRange - ElectricRefrigeratorSmoke Detector Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 700 Unit2 Desc A/C UnitKitchenRange - ElectricSmoke Detector Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 700 Unit3 Sq Ft 700 Unit4 Sq Ft 700

Property Features

Annual Net Operating Income 60974.00 Annual Total Expenses 21874.00 Application Fee 50.00 Auction No Available Info None Built Desc Resale Gated Community No Gross Operating Income 82800.00 Hoa Fee Per Month 1.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association of the Palm Beaches (RAPB) Maintenance Fee Includes None Multifamily Type Quad Plex Possession At Closing REO No Restrictions Other Separate Electric Meters Yes Separate Water Meters Yes Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses LimitedOtherOwner Special Assessment No Sq Ft Total 3632.00 Subdivision Amenities Dog ParkFitness TrailGolf CourseNonePicnic AreaPlayground Tax Amount 15873.80 Tax Year 2024 Taxes City/CountyNo Homestead Tenant Pays CableElectric Terms Considered CashConventional Unit1 Monthly Income 1175.00 Unit2 Monthly Income 1175.00 Unit3 Monthly Income 1300.00 Unit4 Monthly Income 1400.00 Utilities Public SewerPublic WaterWater Available Zoning MF-30(

Listing provided courtesy of RE/MAX Prestige Realty/WPB: . Listing information © 2025 BeachesMLS
 
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Michael Kaufman Real Estate
1200 N Federal Hwy, Suite 300
Boca Raton FL, 33432