Spectacular Investment Opportunity! Prime income-producing triplex ideally located just steps from vibrant Downtown Lake Worth Beach and only minutes from the ocean. Situated on a 0.16-acre lot, this property is zoned 0800 multifamily—allowing for up to five units (or potentially more)! Restore and rent the existing three units at full market value, or tear down and build new to maximize cash flow potential. The property sits just half a block from Lucerne and Lake Avenue, an area in high demand with tenants for its walkability and proximity to shops, dining, entertainment, and the Tri-Rail station. Current tenants are month-to-month, full flexibility to either retain them for steady income or renovate and reposition for higher return. Property in need of rehab and upgrades opportunity in one of Lake Worth's most sought-after rental corridors! Please drive by only and do not disturb tenants.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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