Modern Living Group
0 photos
$974,000CLOSED

711 Truman Avenue, Lake Worth Beach, FL 33460

beds4baths3,920sq ft$248/ sq ft
THE RESIDENCE

About this home

Exceptional 4-Plex Investment Opportunity - Priced Below Appraised Value! Rare opportunity to acquire a well-maintained four-unit multifamily property offered below appraisal, providing immediate upside for investors. Each of the four spacious units features 2 bedrooms, 1 bathroom, plus an additional den that can be utilized as a home office or potential third bedroom. All units are currently rented at $2,000 per month on month-to-month leases, providing flexibility for a new owner to adjust rental rates. All units offer the convenience of in-unit laundry rooms and separately metered electric and water, ensuring efficient management and reduced owner expenses. Three units have undergone recent renovations, enhancing rental appeal and value. Major capital improvements include a brand-new roof installed in 2025 and fresh exterior paint, delivering peace of mind and minimizing future maintenance costs. Strong income potential, functional layouts, and solid upgrades make this property an excellent addition to any investment portfolio. Ideal for long-term hold, house hacking, or value-add strategy. DISCLAIMER: Information published or otherwise provided by the listing company and its representatives including but not limited to prices, measurements, square footages, lot sizes, calculations, statistics, and videos are deemed reliable but are not guaranteed and are subject to errors, omissions or changes without notice. All such information should be independently verified by any prospective purchaser or seller. Parties should perform their own due diligence to verify such information prior to a sale or listing. Listing company expressly disclaims any warranty or representation regarding such information. Prices published are either list price, sold price, and/or last asking price. The listing company participates in the Multiple Listing Service and IDX.

THE DETAILS

Property details

List Price$974,000
Price / Unit$243,500
Units4
Cap Rate7.08%
Gross Income$96,000/yr
Net Operating Income$69,000
Inside Sq Ft3,920
Year Built1976
ConstructionBlock
FlooringTile
ZoningSF-TF-14—SINGLE
Property TypeQuadruplex
MLS #R11158021
StatusClosed
Original List Price$974,000
Close Price$930,000
GRM10.1
Tenant PaysCable TV, Electricity, Water
Show all details (4 more)
Stories1
Days on Market52
CityLake Worth Beach
Zip Code33460
LOCATION

Where you'll live

Jonathan Santiago
FEATURED AGENT
Jonathan Santiago
Luxury Specialist

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