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701 S J Street

Lake Worth Beach, FL 33460
  • $549,900
  • STATUS: Active
  • ON SITE: 124 Days
  • ID#: RX-11008087
UPDATED: 28 min ago
$549,900
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,832
    SQFT
  • $300
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1951
County:

School Information

Description

Large Triplex minutes to the Beach, East of US 1 in Lake Worth Beach. Two Buildings with 3 units on a huge .23 acre or 10,123 Sq ft Corner lot. The units are under rented to long term month to month tenants. Unit one has 3 bedrooms and 1 bathroom with 3 exterior doors. It was used as a rooming house. First bedroom has an exterior door and it can be another unit (4th Unit) if a bathroom and kitchenette were installed. Unit 2 is a fully functional efficiency. Unit 3 is a stand alone 1/1 cottage with separate meters where the tenant pays utilities.This large Multifamily property just had two New ''Permitted'' Roofs installed. Both Buildings interior and exterior were recently painted as well. New Water Heater, fireplace was recently repaired and the Plumbing and Electrical are updated

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www.kaufman-propertiesfl.com/homes/153075950
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701 S J Street Lake Worth Beach, FL 33460

  • Price: $549,900
  • Status: Active
  • On Site: 124 Days
  • Updated: 28 min ago
  • ID#: RX-11008087
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1,832
SQFT
$300
$/SQFT
1951
Built
Neighborhood:
Lake Worth Town Of
County:
Palm Beach
Area:
Lake Worth Beach
Elementary School:
South Grade Elementary School
Middle School:
Lake Worth Community Middle
High School:
Lake Worth High School
Property Description
Large Triplex minutes to the Beach, East of US 1 in Lake Worth Beach. Two Buildings with 3 units on a huge .23 acre or 10,123 Sq ft Corner lot. The units are under rented to long term month to month tenants. Unit one has 3 bedrooms and 1 bathroom with 3 exterior doors. It was used as a rooming house. First bedroom has an exterior door and it can be another unit (4th Unit) if a bathroom and kitchenette were installed. Unit 2 is a fully functional efficiency. Unit 3 is a stand alone 1/1 cottage with separate meters where the tenant pays utilities.This large Multifamily property just had two New ''Permitted'' Roofs installed. Both Buildings interior and exterior were recently painted as well. New Water Heater, fireplace was recently repaired and the Plumbing and Electrical are updated
Exterior Features

Carport Spaces 0.00 Construction CBSConcreteFrame Exterior Features None Lot Description < 1/4 AcreCorner Lot Private Pool YN No Roof Comp Shingle Unit1 Parking Open Parking Unit2 Parking Open Parking Unit3 Parking Open Parking Waterfront Description None Waterfront YN No

Interior Features

Cooling CentralWall-Win A/C Flooring Tile Heating Central Unit1 Bedrooms 3 Unit1 Desc A/C UnitElectric MeterKitchenRange - ElectricRefrigerator Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 1000 Unit2 Bedrooms 1 Unit2 Desc A/C UnitKitchenRange - ElectricRefrigerator Unit2 Full Baths 1 Unit2 Furnished No Unit2 Info Efficiency Unit2 Sq Ft 292 Unit3 Bedrooms 1 Unit3 Desc A/C UnitElectric MeterKitchenPatioRange - ElectricRefrigeratorUtility Unit3 Full Baths 1 Unit3 Furnished No Unit3 Sq Ft 540

Property Features

Annual Net Operating Income 18786.00 Annual Total Expenses 11874.00 Auction No Available Info None Built Desc Resale Gated Community No Gross Operating Income 30660.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association of the Palm Beaches (RAPB) Maintenance Fee Includes None Multifamily Type Triplex Possession At Closing REO No Restrictions None Separate Electric Meters Yes Separate Water Meters Yes Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Owner Special Assessment No Special Info Sold As-Is Sq Ft Total 1872.00 Subdivision Amenities None Tax Amount 5873.72 Tax Year 2023 Taxes City/County Tenant Pays ElectricWater Terms Considered CashConventionalExchangeVA Unit1 Monthly Income 1100.00 Unit2 Monthly Income 680.00 Unit3 Monthly Income 775.00 Utilities CableElectricPublic SewerPublic WaterWater Available Zoning SF-R(c

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Michael Kaufman Real Estate
1200 N Federal Hwy, Suite 300
Boca Raton FL, 33432