Home » Lake Worth Beach » 506 S M St, Lake Worth Beach, FL 33460 | F10465638

Fourplex (Quadruplex) For Sale 506 S M St, Lake Worth Beach, FL 33460

$1,429,774

Property Highlights

Listing ID F10465638 Status of this Listing: Active For Sale Property Type Residential Income (Multifamily 2-4) Fourplex (Quadruplex) Living Space 1,728 Sqft/160.54 m2 approx. Year Built 1925 Time of this property on Rebonus 104 Day(s)

506 S M St, Lake Worth Beach, FL 33460

Property Description: Incredible investment opportunity! Currently bringing in $155k in annual gross revenue! Nestled on the peaceful M Street, this two-story building presents an excellent investment opportunity with four well-appointed apartments. Property sold turn-key furnished (including bedding, towels, appliances, cleaning supplies, and kitchenware) ready for move-in or for short term renting. The property includes: One 1-bedroom/ 1-bath apartment, One 2-bedroom/ 1 bath apartment, Two studio apartments with 1 bath each. This property boasts high visibility and easy accessibility, ensuring a steady flow of short- and long-term tenants.

Useful Info

Original List Price:$1,429,774

Land Lot (Parcel) Details

Lot Features:
  • < 1/4 Acre

Construction

Year Built Details:
  • Resale
Number of Units Total:5
Architectural
Style:
  • Fourplex
Property Condition:
  • Resale
Levels:Two
Construction Materials:
  • Block
  • Other
Flooring:
  • Other
Stories:2

Property Features

Waterfront:No
Exterior Features:
  • Fence
  • Patio
Patio and Porch Features:
  • Patio
Roof:
  • Other
Air Conditioning:Yes
Air Conditioning System:
  • Electric
Heating:Yes
Heating System:
  • Electric

Taxes and Expenses

Tax Annual Amount:$9,677

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2023
Property Tax Status:Tax Reflects No Exemptions

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Tenant
Buyer Possession:
  • Closing & Funding
Lease Considered:No

Community

Subdivision Name:Lake Worth Town Add 01
Community Features:
  • Non-gated
Senior Community:No

Parking

Parking Total Spaces:0
Covered Spaces:0

Utilities

Sewer:
  • Other
Utilities Available:
  • Cable Available

More Details

Other Information:
Data exchange original Listing NumberF10465638
Type of AssociationNone
Ref1089896067
Water Access Description:None

Zoning and Legal

Tax Legal Description:ADD 1 TO TOWN OF LAKE WORTH LT 8 BLK 1
Real Estate Folio Number (Parcel Number):38434427010010080
Zoning Description:SFR
Public Survey Township:43
Public Survey Section:27

Listing History

Update/EventDate/Days
Published Date:October 10, 2024 11:03 am
On Market Date:October 10, 2024
Listing Contract Date:October 10, 2024
Last Important Update Description:New Listing
Date and Time of Last Important Update:October 10, 2024 11:03 am
Status Last Changed:October 10, 2024 11:03 am
Photos Last Modified:October 10, 2024 3:10 pm
Last Modified:January 22, 2025 3:04 pm
Days on the Market Reference Date:January 22, 2025
Days on the Market (updated on Last Modified*):104
Cumulative Days on the Market (updated on Last Modified**):174

Additional Information

Lot Size Range:Less Than 1/4 Acre Lot,
Number of Photos:50
Location:,
Included:,,
Geographical Area:Palm Beach 5600; 5610; 5620; 5630; 5640
Area:5600
Automated Valuation Display:Yes
Courtesy of:The Keyes Company
Attribution:(954) 687-5160
Universal Property Id:US-12099-N-38434427010010080-R-N

Location

Show Property Address:Yes
Street Name:S M St
Street Number:506
Street Address:506 S M St
City : Lake Worth Beach
State : Florida
Zip Code : 33460
County : Palm Beach
Full Address:506 S M St, Lake Worth Beach, FL 33460
Latitude:N26° 36' 36.1''
Longitude:W81° 56' 47.1''

Neighborhood

Postal City:Lake Worth Beach

Property Map