For Sale
$599,000

1032 J StLake Worth Beach, FL 33460

Two-unit rental property, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents two charming, single-family homes situated on a 0.15-acre lot in desirable Lake Worth Beach, Florida. The property, identified by APN 38-43-44-21-15-308-0080, consists of two buildings, each a single-story structure built in 1950 and renovated in 2000. The main residence at 1032 N. J Street offers 2 bedrooms and 1 bathroom, featuring hardwood floors, central air conditioning, a spacious living room, an eat-in kitchen, and an enclosed porch. Amenities include a washer/dryer and off-street parking. The second unit, located at 711 111th Ave N, provides an additional 1 bedroom and 1 bathroom, also boasting hardwood floors, central air conditioning, a spacious living room, an eat-in kitchen, a large bedroom, and an updated bathroom. This unit includes a carport, washer/dryer, storage, and a private backyard. Both units are constructed of concrete block, feature separate electric meters and water heaters, and offer a combined net rentable square footage of 1,635 square feet. The total square footage is 2,016 square feet. The property is currently 50% occupied and zoned SF-TF-14, providing flexibility for future use. Located minutes from downtown Lake Worth Beach and a short distance from the beach, this property offers significant potential for rental income and appreciation. The asking price is $599,000, translating to a price per square foot of $297.12. Each unit includes 2 parking spaces.

Highlights

  • Exceptional investment opportunity: Two charming single-family homes on a 0.15-acre lot in Lake Worth Beach, FL.
  • Two single-story buildings (1950 construction, 2000 renovation), APN 38-43-44-21-15-308-0080.
  • Main residence (1032 N. J Street): 2 bed/1 bath, hardwood floors, central AC, eat-in kitchen, enclosed porch, washer/dryer, off-street parking.
  • Second unit (711 111th Ave N): 1 bed/1 bath, hardwood floors, central AC, eat-in kitchen, updated bath, carport, washer/dryer, storage, private backyard.
  • Combined 1,635 sq ft net rentable area (2,016 sq ft total), separate electric meters & water heaters, concrete block construction, currently 50% occupied, SF-TF-14 zoning.
  • $599,000 asking price ($297.12/sq ft), minutes from downtown Lake Worth Beach and the beach.

Property Details for 1032 J St

Property type
Residential income homes, Apartment buildings
Square Feet
2,016 SF
Year Built/Renovated
1950/2000
Buildings
2
Stories
1
Lot Size (sq. ft)
6,534 SF
Units
2

Location Insight

City
Lake Worth Beach
County
Palm Beach
State
Florida
Latitude
26.6285889
Longitude
-80.055719
1032 J St, Lake Worth Beach, Florida

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1032 J St
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