520 North K Street

Lake Worth Beach, FL 33460

$575,000
Price
Beds
Baths
1,102 Sq. Ft.
$522 / Sq. Ft.
1,102
Sq. Ft.
$522
per Sq. Ft.

Description

Investors! This unique income property with an excellent cap rate and located in Lake Worth Historic District is ready to give high profit to its new owners. The property includes a 2-bed/1-bath+ an efficiency+bath, and guest house with an efficiency+bath. Completely remodeled in 2021 with new exterior/interior paint, new bathrooms, new kitchens and appliances, new floors, new storm awnings, a distinctive landscaping with separated yards granting occupants privacy, and a front-deck to enjoy the exteriors....Investors! This unique income property with an excellent cap rate and located in Lake Worth Historic District is ready to give high profit to its new owners. The property includes a 2-bed/1-bath+ an efficiency+bath, and guest house with an efficiency+bath. Completely remodeled in 2021 with new exterior/interior paint, new bathrooms, new kitchens and appliances, new floors, new storm awnings, a distinctive landscaping with separated yards granting occupants privacy, and a front-deck to enjoy the exteriors. Situated in the LW Historic District, this exclusive property has public parking, and is located just 1.5 miles to the beach and 0.8 miles to LW downtown, restaurants, theater, and varied stores. FULLY FURNISHED and distinctly decorated and equiped, this property is ready for renting.
  1. Listed by Eva Maria Martin del Burgo Carrero • Partnership Realty Inc.

Property Details for 520 North K Street

Subdivision
LAKE WORTH TOWN OF
Waterfront
No
Waterfront Details
None
View
Garden
Style
No Pool/No Water
LISTING UPDATED: 02/26/2025 06:19 PM

Property Details for 520 North K Street

StatusActive
MLS #RX-11065550
Days on Market27
Taxes$5,094 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1925
Lot Size0.08 AC / 3,375 SF
CountyPalm Beach County

Building Information for 520 North K Street

Stories1Residences2Year Built1925Building Size-Lot Size0.08 AC / 3,375 SF

Property Information for 520 North K Street

Summary
Location and General Information
  • Property Condition: Resale
  • Directions: Located on K street between 5th and 6th Avenue North. 95 Exits 10th Ave and 6th Ave Lake Worth. Access through North Dixie Hwy.
  • Elementary School: North Grade Elementary School
  • Middle School: Lake Worth Community Middle
  • High School: Lake Worth High School
  • Geo Area: Palm Beach 5600; 5610; 5620; 5630; 5640
  • Special Info: Sold As-Is
  • Street Number: 520
  • Subdivision Complex Bldg: LAKE WORTH TOWN OF
  • Municipal Code: Lake Worth Beach
  • State: FL
  • City Postal ID: 33460
  • MLS Area: 5600
  • MLS Sub Area: PB16
Parking
  • Carport Spaces: 0
  • Garage Spaces: 0
Taxes and HOA Information
  • HOPA: No Hopa
  • Tax Year: 2024
Property
Lot Information
  • Area: 5600
  • HOA Amenities: None
  • Lot Description: < 1/4 Acre, Paved Road, Public Road, Sidewalks
  • Lot Dimensions: 25.0 ft x 135.0 ft
  • Parcel ID: 38434421151540100
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Special Assessment: No
  • Sq Ft Total: 1,102
  • Square Ft Source: Owner
  • Zoning: SF-TF-
Property and Assessments
  • Legal Desc: TOWN OF LAKE WORTH LT 10 BLK 154
  • Sq Ft Liv Area: 1102.0
  • Legal Description: TOWN OF LAKE WORTH LT 10 BLK 154
Utilities
  • Utilities: Electric, Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Construction: Frame With Stucco, Stucco Exterior Construction
  • Exterior Features: Awnings, Fence
  • Private Pool: No
  • Storm Protection: Other Protection: Complete
  • Subdiv Amenities: Bike - Jog
  • Gated Community YN: No
  • Structure Type: Duplex
Interior Features
  • Roof: Comp Rolled
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: No
  • Cooling: Ceiling Fan, Central, Wall-Win A/C
  • Flooring: Ceramic Tile, Vinyl Floor
  • Heating: Central
  • Window Treatments: Awning
  • Guest Accommodations: No
  • Spa: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $97,305.00
  • Income & Expenses: Annual Total Expense: $15,000.00
  • Income & Expenses: Gross Operating Inc: $102,595.00
  • Tenant Pays: None
Unit 1
  • Unit 1 Desc: A/C Unit, Dryer, Electric Meter, Kitchen, Lead Cert, Microwave, Patio, Range - Electric, Refrigerator, Smoke Detector, Utility, Walk-in Closets, Washer
  • Unit 1 Info: Bedrooms: 2
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: Yes
  • Unit 1 Info: Monthly Income: 0
  • Unit 1 Info: SqFt: 698.0
  • Unit 1 Parking: Open Parking
Unit 2
  • Unit 2 Desc: A/C Unit, Dryer, Electric Meter, Kitchen, Lead Cert, Microwave, Patio, Range - Electric, Refrigerator, Smoke Detector, Utility, Walk-in Closets, Washer
  • Unit 2 Info: Efficiency
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: Yes
  • Unit 2 Info: Monthly Income: $0
  • Unit 2 Info: SqFt: 140.0
  • Unit 2 Parking: Open Parking
Rental
Rental Information
  • Pets on Premises: Yes

Property History for 520 North 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 520 North K Street

Taxable ValueLand-Additions-Total-
Tax Record2024$5,094 ($425 / month)
Home Facts
Baths2Total Finished SqFt1,102 SqFtAbove Grade Finished SqFt1,102 SqFtStories1Lot Size3,376 SqFtStyleDuplexYear Built1925Year Renovated1980ZoningSF-TF-14CountyPALM BEACHAPN38-43-44-21-15-154-0100

Schools near 520 North K Street

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
North Grade Elementary School
PublicK to 8

Lake Worth Community Middle School
Public6 to 8

Lake Worth High School
Public9 to 12

Palm Beach Preparatory Charter Academy
Charter9 to 12

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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520 North K Street is a multi-family home for sale in Lake Worth Beach, FL 33460. This property was listed for sale on February 24, 2025 by Partnership Realty Inc., it's currently listed at $575,000. It has been on the market for a total of 27 days and was last sold on June 24, 2020. This listing's school district is Palm Beach. Nearby schools include North Grade Elementary School, Lake Worth Community Middle School and Lake Worth High School. 520 North K Street is a 0-bed, 0-bath, 1,102 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.

Listing Courtesy of Partnership Realty 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.