501 N K St Lake Worth Beach, FL 33460
3,305 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,305 sqft
Price per Sqft $338
Subdivision Lake Worth Town Of
MLS Listing ID A11968882
Style Fourplex
HOA Y/N No
Year Built 1925
Annual Tax Amount $12,884
Tax Year 2025
Contingent Other
Property Sub-Type Quadruplex
Property Description
Investor-ready and fully renovated, this high-performing multi-unit compound delivers immediate income and long-term upside in one of Lake Worth's 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 today's investors are chasing.
Property Breakdown:
Two-story triplex:
Ground floor: 1 spacious 3BR/2BA apartment
Second floor: Two 2BR/1BA apartments
Detached 2BR/1BA apartment home on the same parcel
Fully renovated throughout — minimal deferred maintenance
Reliable gross income of $7,950/month
Owner utilities under $400/month — strong expense control
Positioned within walking distance to Lake Worth's 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 flow
Renovated units = reduced capex risk
Desirable unit mix
Corner lot with strong rental appeal
Low operating expenses relative to income
Prime walkable downtown location
Turnkey. Stabilized. Cash flowing. Renovated Properties with proven track record like this in Downtown Lake Worth are rare.
Location
State FL
County Palm Beach
Community Lake Worth Town Of
Area 5630
Interior
Heating Central, Wall Furnace
Cooling Central Air, Wall/Window Unit(s)
Flooring Concrete, Hardwood, Laminate, Wood
Exterior
Pool None
Utilities Available Cable Available
Roof Type Built-Up,Flat,Tar/Gravel
Total Parking Spaces 4
Private Pool No
Building
Lot Description Item14Acre
Story 2
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories Two
Structure Type Frame,Stucco
Others
Tax ID 38434421151520320
Acceptable Financing Conventional, FHA
Listing Terms Conventional, FHA
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