618 3rd Avenue South

Lake Worth Beach, FL 33460

$649,000
Price
Beds
1,320 Sq. Ft.
$492 / Sq. Ft.
1,320
Sq. Ft.
$492
per Sq. Ft.

Description

Completely remodeled 1 year ago. Roof 2018. Unique investment opportunity. Tenants in place! Unit 1 tenant lease expires September 30, 2025. Unit 2 tenant lease expires February 20, 2025. Have you been looking for an income-producing property where you can live and collect rent to offset expenses? Bingo! Two 1/1 units, all utilities separately metered (water, sewer, electric and gas), with 3 off-street parking spaces for Unit 1 (including a 1-car garage); Unit 2 enjoys a fenced backyard with patio...Completely remodeled 1 year ago. Roof 2018. Unique investment opportunity. Tenants in place! Unit 1 tenant lease expires September 30, 2025. Unit 2 tenant lease expires February 20, 2025. Have you been looking for an income-producing property where you can live and collect rent to offset expenses? Bingo! Two 1/1 units, all utilities separately metered (water, sewer, electric and gas), with 3 off-street parking spaces for Unit 1 (including a 1-car garage); Unit 2 enjoys a fenced backyard with patio and separate laundry room with storage. Just 2 blocks from buzzing downtown Lake Worth Beach. Perfect scenario for snowbird who wants a comfortable home that is an easy walk to town and the beach. Each unit is a spacious 1/1 with luxury vinyl flooring, washer/dryer, white Shaker
  1. Listed by Erin Allen • Illustrated Properties LLC • 561-312-5925
  2. Listed by Jonathan Allen • Illustrated Properties LLC

Property Details for 618 3rd Avenue South

Subdivision
LAKE WORTH TOWN OF
Waterfront
No
Waterfront Details
None
Style
No Pool/No Water
LISTING UPDATED: 10/24/2024 01:14 PM

Property Details for 618 3rd Avenue South

StatusActive
MLS #RX-11031014
Days on Market14
Taxes$8,134 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1966
Lot Size0.10 AC / 4,251 SF
CountyPalm Beach County

Building Information for 618 3rd Avenue South

Stories1Residences2Year Built1966Building Size-Lot Size0.10 AC / 4,251 SF

Property Information for 618 3rd Avenue South

Summary
Location and General Information
  • Property Condition: Resale
  • Directions: Dixie or Federal to 3rd Avenue South, corner of 3rd South and K Street South.
  • Geo Area: Palm Beach 5600; 5610; 5620; 5630; 5640
  • Street Number: 618
  • 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
Property
Lot Information
  • Area: 5610
  • HOA Amenities: None
  • Lot Description: < 1/4 Acre, Corner Lot, Public Road, Sidewalks
  • Parcel ID: 38434421150890012
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Sq Ft Total: 1,896
  • Square Ft Source: Tax Rolls
  • Zoning: MF-20(
Property and Assessments
  • Legal Desc: TOWN OF LAKE WORTH W 85 FT OF LTS 1 & 2 BLK 89
  • Sq Ft Liv Area: 1320.0
  • Legal Description: TOWN OF LAKE WORTH W 85 FT OF LTS 1 & 2 BLK 89
Utilities
  • Utilities: Electric, Gas Natural, Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Construction: Cbs Construction
  • Exterior Features: Fence, Open Patio
  • Private Pool: No
  • Storm Protection: Panel Shutters: Partial
  • Subdiv Amenities: Bike - Jog
  • Gated Community YN: No
  • Structure Type: Duplex
Interior Features
  • Roof: Comp Shingle
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: Yes
  • Cooling: Ceiling Fan, Central, Electric
  • Flooring: Vinyl Floor
  • Heating: Central, Electric, Heat Strip
  • Window Treatments: Blinds
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $40,873.00
  • Income & Expenses: Annual Total Expense: $9,527.00
  • Income & Expenses: Gross Operating Inc: $50,400.00
  • Tenant Pays: Cable, Electric, Gas, Sewer, Water
Unit 1
  • Unit 1 Desc: A/C Unit, Dishwasher, Disposal, Dryer, Kitchen, Microwave, Patio, Range - Gas, Refrigerator, Smoke Detector, Washer
  • Unit 1 Info: Bedrooms: 1
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: No
  • Unit 1 Info: Lease Ends: 09-30-2025
  • Unit 1 Info: Monthly Income: 2,100
  • Unit 1 Info: SqFt: 660.0
  • Unit 1 Parking: Auto Garage Door, Garage - Attached
Unit 2
  • Unit 2 Desc: A/C Unit, Dishwasher, Disposal, Dryer, Kitchen, Laundry, Microwave, Patio, Refrigerator, Smoke Detector, Washer
  • Unit 2 Info: Bedrooms: 1
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: No
  • Unit 2 Info: Lease Ends: 02-20-2025
  • Unit 2 Info: Monthly Income: $2,100
  • Unit 2 Info: SqFt: 660.0
  • Unit 2 Parking: Open Parking
Rental
Rental Information
  • Pets on Premises: No

Property History for 618 3rd Avenue South

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 618 3rd Avenue South

Taxable ValueLand$158,700Additions$166,995Total$325,695
Tax Record2023$8,134 ($678 / month)
Home Facts
Baths2Total Finished SqFt1,320 SqFtAbove Grade Finished SqFt1,320 SqFtStories1Lot Size4,251 SqFtStyleDuplexYear Built1966Year Renovated1976ZoningMF-20CountyPALM BEACHAPN38-43-44-21-15-089-0012

Schools near 618 3rd Avenue South

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.

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618 3rd Avenue South is a multi-family home for sale in Lake Worth Beach, FL 33460. This property was listed for sale on October 23, 2024 by Illustrated Properties LLC, it's currently listed at $649,000. It has been on the market for a total of 14 days and was last sold on March 9, 2022. 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. 618 3rd Avenue South is a 0-bed, 0-bath, 1,320 sqft multi-family home built in 1966.

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 Illustrated Properties LLC

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.