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501 N K St, Lake Worth, FL 33460

$1,120,000
  • 501 N K St, Lake Worth, FL 33460 Main Photo

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Pending
BEDS0 BATHS SQUARE FEET3,305 MLS#A11968882
STATUSPending PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONLAKE WORTH TOWN OF

Property Description

TURNKEY CASH FLOW IN THE HEART OF DOWNTOWN LAKE WORTH!Investor-ready and fully renovated, this high-performing multi-unit compound delivers immediate income and long-term upside in one of Lake Worths most tenant-friendly locations. Situated on a prime corner lot just a couple blocks from downtown, this property combines strong in-place rents with low operating costs ? exactly what todays investors are chasing.Property Breakdown:Two-story triplex:Ground floor: 1 spacious 3BR/2BA apartmentSecond floor: Two 2BR/1BA apartmentsDetached 2BR/1BA apartment home on the same parcelFully renovated throughout ? minimal deferred maintenanceReliable gross income of $7,950/monthOwner utilities under $400/month ? strong expense controlPositioned within walking distance to Lake Worths most popular bars, restaurants, and entertainment venues, this property benefits from consistent rental demand. Easy access to major job centers, schools, the beach, and the Town of Palm Beach makes it even more attractive to tenants.Why Investors Love This Asset:Immediate, proven cash flowRenovated units = reduced capex riskDesirable unit mixCorner lot with strong rental appealLow operating expenses relative to incomePrime walkable downtown locationTurnkey. Stabilized. Cash flowing. Renovated Properties with proven track record like this in Downtown Lake Worth are rare.

501 N K St | MLS# A11968882

This multi-family property located at 501 N K St, Lake Worth, FL 33460 is currently listed for sale with an asking price of $1,120,000. Search Lake Worth real estate on www.adamscameroncommercial.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air, Wall/Window Unit(s)
Heating: Central, Window/Wall
Home Style: Detached, Other
Roof Type: Built-Up, Flat Roof With Facade Front, Tar & Gravel
Stories: 2.0
Taxes: $12,884
Year Built: 1925

Feature Descriptions

Crops Included Y/N: No
Days on Site: 13
Exterior: Frame With Stucco
Flooring: Concrete, Wood
Home Warranty Y/N: No
Lease Considered Y/N: No
Listing Terms: Conventional, FHA
Lot: Less Than 1/4 Acre Lot
Parcel#: 38434421151520320
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Sewer: Public Sewer

Listed By / Shown By

Listed By

Agency Name: BAWONS Properties, Inc
Agency Phone: 305-509-8336

Shown By

Agency Title: Adams Cameron & Co. REALTORS - Commercial
Agency Phone: (386) 252-3120

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Estimated Payment

$ 7,361.44 per month $5,961.11 Principal & Interest $1,073.67 Property Tax $326.67 Homeowner's Insurance

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