621 South M Street

Lake Worth Beach, FL 33460

$649,000
Price
Beds
1,957 Sq. Ft.
$332 / Sq. Ft.
1,957
Sq. Ft.
$332
per Sq. Ft.

Description

Explore this triplex in Lake Worth Beach, offering a lucrative investment with two recently updated units featuring new granite countertops, modern flooring, impact windows, and new appliances. Benefit from high rental income, with a location prime for both long-term and short-term rentals. The second structure includes a customizable two-story unit and a ready-to-finish garage, adding significant value. Near downtown, the property promises excellent pedestrian-friendliness and a strategic opportunity...Explore this triplex in Lake Worth Beach, offering a lucrative investment with two recently updated units featuring new granite countertops, modern flooring, impact windows, and new appliances. Benefit from high rental income, with a location prime for both long-term and short-term rentals. The second structure includes a customizable two-story unit and a ready-to-finish garage, adding significant value. Near downtown, the property promises excellent pedestrian-friendliness and a strategic opportunity for investors to boost a partly upgraded asset in a booming market. will not last!
  1. Listed by Nicholas Wisell • Coldwell Banker Realty /Delray Beach
  2. Listed by Tracy L. Hollander • Coldwell Banker Realty /Delray Beach

Property Details for 621 South M Street

Subdivision
LAKE WORTH TOWN OF
Waterfront
No
Waterfront Details
None
Style
No Pool/No Water
LISTING UPDATED: 12/17/2024 12:18 PM

Property Details for 621 South M Street

StatusActive
MLS #RX-11026992
Days on Market75
Taxes$8,629 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1925
Lot Size-
CountyPalm Beach County

Building Information for 621 South M Street

Stories2Residences3Year Built1925Building Size-Lot Size-

Property Information for 621 South M Street

Summary
Location and General Information
  • Property Condition: Resale
  • Directions: Take Federal Hwy and turn to 7th Ave then straight to S M St
  • Geo Area: Palm Beach 5600; 5610; 5620; 5630; 5640
  • Street Number: 621
  • 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
Property
Lot Information
  • Area: 5610
  • HOA Amenities: None
  • Lot Description: East of US-1, Public Road, Sidewalks
  • Parcel ID: 38434421152130160
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Special Assessment: No
  • Sq Ft Total: 2,037
  • Square Ft Source: Tax Rolls
  • Zoning: SF-R
Property and Assessments
  • Legal Desc: TOWN OF LAKE WORTH LT 16 BLK 213
  • Sq Ft Liv Area: 1957.0
  • Legal Description: TOWN OF LAKE WORTH LT 16 BLK 213
Utilities
  • Utilities: Cable, Electric, Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Construction: Frame Construction, Frame With Stucco, Stucco Exterior Construction
  • Exterior Features: None
  • Private Pool: No
  • Storm Protection: Impact Glass: Partial
  • Subdiv Amenities: None
  • Gated Community YN: No
  • Structure Type: Single Family Detached
Interior Features
  • Roof: Other
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: Yes
  • Cooling: Ceiling Fan, Central, Electric
  • Flooring: Other
  • Heating: Central, Electric
  • Guest Accommodations: No
  • Spa: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $.00
  • Income & Expenses: Annual Total Expense: $.00
  • Income & Expenses: Gross Operating Inc: $28,200.00
  • Tenant Pays: Cable, Electric, Sewer, Water
Unit 1
  • Unit 1 Desc: A/C Unit
  • Unit 1 Info: Bedrooms: 1
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: No
  • Unit 1 Info: Monthly Income: 0
  • Unit 1 Info: SqFt: 320.0
  • Unit 1 Parking: Open Parking
Unit 2
  • Unit 2 Desc: A/C Unit
  • Unit 2 Info: Bedrooms: 2
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: No
  • Unit 2 Info: Monthly Income: $0
  • Unit 2 Info: SqFt: 0.0
  • Unit 2 Parking: Open Parking
Unit 3
  • Unit 3 Info: Bedrooms: 3
  • Unit 3 Info: Full Bath: 1
  • Unit 3 Info: Monthly Income: $2,350.00
  • Unit 3 Info: SqFt: 0.0
Rental
Rental Information
  • Pets on Premises: No

Property History for 621 South M Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 621 South M 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

621 South M Street is a multi-family home for sale in Lake Worth Beach, FL 33460. This property was listed for sale on October 6, 2024 by Coldwell Banker Realty /Delray Beach, it's currently listed at $649,000. It has been on the market for a total of 75 days and was last sold on July 8, 2021. 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. 621 South M Street is a 0-bed, 0-bath, 1,957 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 Coldwell Banker Realty /Delray Beach

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.