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512 N 9th Avenue N

Lake Worth Beach , FL 33460

MLS#: R11168652

$800,000

Status: Active
Listing number: R11168652
Listing provided by: The Keyes Company
Listing agent phone: None
Last update: a day ago
On site: 8 days ago
Browse Properties
LAKE WORTH TOWN OF - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1955

Sq.Footage

2,043

ROOF 2022 - over $60,000 spent in renovations Desirable Lake Worth Beach location east of US-1. Fourplex with strong in-place income and value-add upside with one unit currently available for lease. Unit mix and rents: Unit 512: 2BR/1BA rented at $1,950/month (lease through 12/31/2026) Unit 518: 1BR/1BA rented at $1,700/month (lease through 11/30/2026) Unit 516: Studio rented at $1,350/month (lease through 12/31/2026) Unit 514: Studio currently vacant; market rent approximately $1,350-$1,500/month 4 separate electric meters Roof approximately 5 years old. Parking for 4 vehicles plus street parking. Six onsite coin-operated laundry machines provide additional income potential. Convenient to K-8 school, downtown Lake Worth Beach, shopping, dining, and the beach With ongoing redevelopment, infrastructure improvements, and continued demand for rental housing, property values in Lake Worth Beach have shown steady appreciation over the past several years. Its location east of US-1 is especially desirable due to proximity to the Intracoastal Waterway, beaches, golf course, dining, shopping, and entertainment. The city's combination of coastal lifestyle, strong rental demand, and comparatively attainable pricing relative to other Palm Beach County markets positions it for continued long-term growth. For investors, Lake Worth Beach offers a compelling blend of cash flow potential and appreciation upside in a supply-constrained coastal market.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Wall/Window Unit(s)

  • Heating YN

    YES

  • Heating

    Other

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Concrete, Stucco

  • Other Exterior Features

    None

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.15

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

Price

  • Sales Price

    $800,000

  • Tax Amount

    $13,501.3

  • Sq. Footage

    2, 043

  • Price/SqFt

    $391

HOA

  • Association

    No

School District

  • Elementary School

    North Grade K-8

  • Middle School

    Lake Worth

  • High School

    Lake Worth

Property Features

  • Association Amenities

    Playground

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

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Location

County

Palm Beach

Elementary School

North Grade K-8

Middle School

Lake Worth

High School

Lake Worth

Listing Courtesy of Michael J Johnston , The Keyes Company

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ROOF 2022 - over $60,000 spent in renovations Desirable Lake Worth Beach location east of US-1. Fourplex with strong in-place income and value-add upside with one unit currently available for lease. Unit mix and rents: Unit 512: 2BR/1BA rented at $1,950/month (lease through 12/31/2026) Unit 518: 1BR/1BA rented at $1,700/month (lease through 11/30/2026) Unit 516: Studio rented at $1,350/month (lease through 12/31/2026) Unit 514: Studio currently vacant; market rent approximately $1,350-$1,500/month 4 separate electric meters Roof approximately 5 years old. Parking for 4 vehicles plus street parking. Six onsite coin-operated laundry machines provide additional income potential. Convenient to K-8 school, downtown Lake Worth Beach, shopping, dining, and the beach With ongoing redevelopment, infrastructure improvements, and continued demand for rental housing, property values in Lake Worth Beach have shown steady appreciation over the past several years. Its location east of US-1 is especially desirable due to proximity to the Intracoastal Waterway, beaches, golf course, dining, shopping, and entertainment. The city's combination of coastal lifestyle, strong rental demand, and comparatively attainable pricing relative to other Palm Beach County markets positions it for continued long-term growth. For investors, Lake Worth Beach offers a compelling blend of cash flow potential and appreciation upside in a supply-constrained coastal market.

512 N 9th Avenue N

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