107 South K Street

Lake Worth Beach, FL 33460

$730,000
Price
Beds
2,496 Sq. Ft.
$292 / Sq. Ft.
2,496
Sq. Ft.
$292
per Sq. Ft.

Description

Must see! Triplex in Prime Lake Worth Beach location! This stunning property is just one block from Lake Avenue--walk to everything you need! Property is turnkey condition: All three units boast spacious floor plans and are beautifully maintained. Each unit has separate water, electric, and gas meters. Roof replaced in 2016 for peace of mind. The front unit is ideal for an owner-occupant, short-term rental, or annual lease. Sellers are willing to leave it vacant for the new owner's choice. This Investment...Must see! Triplex in Prime Lake Worth Beach location! This stunning property is just one block from Lake Avenue--walk to everything you need! Property is turnkey condition: All three units boast spacious floor plans and are beautifully maintained. Each unit has separate water, electric, and gas meters. Roof replaced in 2016 for peace of mind. The front unit is ideal for an owner-occupant, short-term rental, or annual lease. Sellers are willing to leave it vacant for the new owner's choice. This Investment is a strong! When fully occupied, the property offers a robust 7% cap rate at the asking price! Opportunities like this don't come around often! Schedule your showing today!
  1. Listed by Cole D Leavitt • CPRE Organization Inc

Property Details for 107 South K Street

Subdivision
LAKE WORTH TOWN OF
Waterfront
No
Waterfront Details
None
View
Garden
Style
No Pool/No Water
LISTING UPDATED: 10/26/2024 04:34 PM

Property Details for 107 South K Street

StatusActive
MLS #RX-11031752
Days on Market11
Taxes$11,388 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1925
Lot Size0.15 AC / 6,750 SF
CountyPalm Beach County

Building

LAKE WORTH TOWN OF

2 StoriesBuilt in 1925

Building Information for 107 South K Street

Stories2Residences-Year Built1925Building Size-Lot Size0.15 AC / 6,750 SF

Property Information for 107 South K Street

Summary
Location and General Information
  • Property Condition: Resale
  • Directions: Dixie Highway to Lake Ave. Head East on Lake Have. Park on Lake Ave Close to South K Street. Enjoy lovely 1 block walk to property on West side of K Street.
  • Geo Area: Palm Beach 5600; 5610; 5620; 5630; 5640
  • Special Info: Sold As-Is
  • Street Number: 107
  • Subdivision Complex Bldg: LAKE WORTH TOWN OF
  • Municipal Code: Lake Worth Beach
  • State: FL
  • City Postal ID: 33460
  • MLS Area: 5610
  • MLS Sub Area: PB16
Parking
  • Carport Spaces: 0
Taxes and HOA Information
  • HOPA: No Hopa
  • Tax Year: 2023
  • Maintenance Fee Incl: None
  • HOA Dues: $0
Property
Lot Information
  • Area: 5610
  • HOA Amenities: None
  • Lot Description: < 1/4 Acre
  • Lot Dimensions: 50 Ft. x 135 Ft.
  • Parcel ID: 38434421150490200
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Special Assessment: No
  • Sq Ft Total: 2,691
  • Square Ft Source: Tax Rolls
  • Zoning: MF-30
Property and Assessments
  • Legal Desc: TOWN OF LAKE WORTH LTS 20 & 21 BLK 49
  • Sq Ft Liv Area: 2496.0
  • Legal Description: TOWN OF LAKE WORTH LTS 20 & 21 BLK 49
Utilities
  • Utilities: Cable, Electric, Gas Natural, Lake Worth Drain Dis, Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Construction: Frame Construction, Frame With Stucco, Stucco Exterior Construction
  • Exterior Features: Fence, Open Patio, Open Porch, Room for Pool, Screen Porch, Screened Patio
  • Private Pool: No
  • Storm Protection: Panel Shutters: Partial
  • Subdiv Amenities: None
  • Waterfrontage: 0
  • Gated Community YN: No
  • Structure Type: Triplex
Interior Features
  • Roof: Comp Shingle
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: Yes
  • Cooling: Ceiling Fan, Central, Wall-Win A/C
  • Flooring: Tile, Wood Floor
  • Heating: Central, No Heat
  • Window Treatments: Single Hung Metal
  • Guest Accommodations: No
  • Spa: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $52,932.00
  • Income & Expenses: Annual Total Expense: $22,668.00
  • Income & Expenses: Gross Operating Inc: $75,600.00
  • Tenant Pays: Cable, Electric, Gas, Sewer, Water
Unit 1
  • Unit 1 Desc: A/C Unit, Den/Family, Dishwasher, Electric Meter, French Doors, Kitchen, Laundry, Microwave, Patio, Range - Gas, Refrigerator, Split Bedrooms, Utility, W/D Hookup, Walk-in Closets
  • Unit 1 Info: Bedrooms: 2
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: No
  • Unit 1 Info: Monthly Income: 0
  • Unit 1 Info: SqFt: 800.0
  • Unit 1 Parking: Open Parking
Unit 2
  • Unit 2 Desc: A/C Unit, Den/Family, Electric Meter, Kitchen, Laundry, Patio, Range - Gas, Refrigerator, Screened Porch, Split Bedrooms, Utility, W/D Hookup, Washer
  • Unit 2 Info: Bedrooms: 2
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: No
  • Unit 2 Info: Monthly Income: $1,800
  • Unit 2 Info: SqFt: 848.0
  • Unit 2 Parking: Space Parking
Unit 3
  • Unit 3 Desc: A/C Unit, Den/Family, Electric Meter, Kitchen, Laundry, Range - Gas, Refrigerator, Split Bedrooms, Utility, W/D Hookup, Washer
  • Unit 3 Info: Bedrooms: 2
  • Unit 3 Info: Full Bath: 1
  • Unit 3 Info: Monthly Income: $1,800.00
  • Unit 3 Info: SqFt: 848.0
  • Unit 3 Parking: Space Parking
Rental
Rental Information
  • Pets on Premises: Yes

Property History for 107 South K Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 107 South K Street

Taxable ValueLand$194,950Additions$291,924Total$486,874
Tax Record2023$11,388 ($949 / month)
Home Facts
Beds2Baths3Total Finished SqFt800 SqFtAbove Grade Finished SqFt800 SqFtStories1Lot Size6,752 SqFtStyleSingle Family ResidenceYear Built1925Year Renovated1995ZoningMF-30CountyPALM BEACHAPN38-43-44-21-15-049-0200

Schools near 107 South K Street

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
South Grade Elementary School
PublicPK to 5

Lake Worth Community Middle School
Public6 to 8

Lake Worth High School
Public9 to 12

Palm Beach Maritime Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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107 South K Street is a multi-family home for sale in Lake Worth Beach, FL 33460. This property was listed for sale on October 26, 2024 by CPRE Organization Inc, it's currently listed at $730,000. It has been on the market for a total of 11 days and was last sold on September 29, 2017. This listing's school district is Palm Beach. Nearby schools include South Grade Elementary School, Lake Worth Community Middle School and Lake Worth High School. 107 South K Street is a 0-bed, 0-bath, 2,496 sqft multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of CPRE Organization Inc

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.