Modern Living Group
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$970,000ACTIVE

17 S L Street, Lake Worth Beach, FL 33460

beds0baths1,799sq ft$539/ sq ft
THE RESIDENCE

About this home

Well-maintained 4-unit multifamily investment property featuring three studio apartments and one 1-bedroom/1-bath unit across two buildings. The property has benefited from recent upgrades including new flooring, exterior paint, woodwork improvements, and mini-split A/C systems, and offers free on-site laundry for tenants. Conveniently located just minutes from downtown Lake Worth Beach, the Intracoastal Waterway, and the beach, the property generates $7,095 in gross monthly rental income, providing immediate cash flow with continued upside in a rapidly improving submarket.

THE DETAILS

Property details

List Price$970,000
Price / Unit$242,500
Units4
Cap Rate6.21%
Gross Income$90,014/yr
Net Operating Income$60,239
Inside Sq Ft1,799
Year Built1920
ConstructionFrame
FlooringTile, Wood
ZoningMU-E (city)
Property TypeQuadruplex
MLS #B26053847
StatusActive
Original List Price$970,000
GRM10.8
Tenant PaysCable TV, Electricity
Stories1
Show all details (6 more)
Lot Size0.08 acres
WaterfrontNo
Days on Market0
Annual Taxes$13,759
CityLake Worth Beach
Zip Code33460
LOCATION

Where you'll live

Jonathan Santiago
FEATURED AGENT
Jonathan Santiago
Luxury Specialist

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