Description
INVESTOR OPPORTUNITY!! Welcome FHA/VA buyers. Have you been thinking of buying an investment property that you can live in and generate income from a second unit? This legally zoned duplex offers just that. Live in the main house and rent out the rear unit or vice versa. This home has a rental history as an Airbnb - $3500 a month average for short-term rental of the rear unit or $1600 a month as an annual rental. Built in 1940, this historic Spanish Mission charmer has been updated in all the right places. It is light and bright with fresh paint inside and out. The main house is a 2-bedroom, 1 bath home that features newly installed luxury vinyl plank floors throughout, crown molding, a woodburning fireplace, central A/C, and a spacious kitchen with loads of storage, quartz counters and stainless appliances. You will love relaxing on the large, screened lanai that looks onto the backyard that is fully fenced for privacy. The rear unit has its own private entrance from the outdoors. It features Saltillo floors throughout, spacious living areas, a walk-in closet, and a full kitchen. The home offers versatile living options. Maintain it as two units for steady cash flow or join the units, creating a spacious single-family home, or use it for multi-generational living, providing family independence with their own living space and kitchen, plus a private entrance. The home also has coveted off-street parking for two vehicles. Hurricane accordion shutters provide peace of mind. And it's NOT in a flood zone! *Taxes reflect only a partial exemption.* Seller open to closing cost credit and/or rate buydown, depending on offer. Everything is close by, including Trader Joe's that just opened around the corner. Hip and artsy downtown Lake Worth Beach with its sidewalk cafes, art galleries, jazz clubs, and specialty shops is one mile away for you to explore. And the beach and boardwalk is just two miles away. You're never at a loss for something to do. Grab your bag and head to the waterfront green market on Saturdays. Or play 18 holes at the waterfront public golf course. Spend the day at the beach where you will find shops, restaurants and a 300' pier where you can fish or just enjoy a leisurely stroll. Explore the Arts District and take in a live glass-blowing demonstration at the Benzaiten Center for Arts or a play at the Lake Worth Playhouse. The city loves its festivals. It hosts many throughout the year, the Street Painting Festival being its signature event, where artists paint the streets, turning downtown into an outdoor art gallery with more than 200 street paintings. Centrally located to Palm Beach International Airport, the Brightline train, and all that West Palm Beach and the glitzy Island of Palm Beach have to offer. This is your chance to own a piece of paradise!
Details
| MLS # | B26046074 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1940 |
| Days On Site | 82 |
| Listing Provided By | Illustrated Properties LLC | Erin Allen |
Features
| SQ Feet | 1,480 |
|---|---|
| Story(s) | 1 |
| Units | 2 |
| Zoning | SF-TF-14 (city) |
| Acreage | 0.11 |
Exterior
| Lot Features | Less Than One Acre, Sprinklers Automatic, Less Than Quarter Acre |
|---|
Taxes
| Tax Annual Amount | 8538 |
|---|
Area Information
| State | FL |
|---|---|
| County | Palm Beach |
| City | , |
| Zip Code | 33460 |
| Area | 5600 |
| Subarea | Palm Beach 5600; 5610; 5620; 5630; 5640 |
| Community Name | NORTH LAKE WORTH |
| Listing VS Median (in NORTH LAKE WORTH) | |
Price: $459,900 low | high Med: $563,000 sqft: 1,480 low | high Med: 1,115 $ / sqft: $311 low | high Med: $543 On site: 82 low | high Med: 95.5 | |
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Learn More About This Property
| State | FL |
|---|---|
| County | Palm Beach |
| City | , |
| Zip Code | 33460 |
| Area | 5600 |
| Subarea | Palm Beach 5600; 5610; 5620; 5630; 5640 |
| Community Name | NORTH LAKE WORTH |
| Listing VS Median (in NORTH LAKE WORTH) | |
Price: $459,900 low | high Med: $563,000 sqft: 1,480 low | high Med: 1,115 $ / sqft: $311 low | high Med: $543 On site: 82 low | high Med: 95.5 | |