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Wholesale Price: $524,900
Legal Duplex
3/1 Leased at $2,550/mo
1/1 Leased at $1,850/mo
Gross Income: $4,400/mo
Living Area: 1,600 Sq ft
Construction: Block
Lot Size: 6,750 Sq ft
Year Built: 1955
Fully Fenced Concrete-block Duplex in Lake Worth Beach. The Front 1/1 unit has 800 total Sq ft with private off street parking. The Rear unit has 3 bedrooms and 1 bath with plenty of street parking. Both Units come with long term ''good'' tenants. Total rents are now $4,400 per month with a $50/month annual increase. April 1, 2026 Rents will increase to $4,500/month.
The Roof is approximately five years.
The owner recently invested significant time and expense to install a brand-new separate 2nd water meter, allowing each tenant to pay their own utilities and reducing operating costs for the next owner.
The outside shed has a washer and dryer hook up and is currently used for storage.
Excellent income property close to downtown, restaurants, shops, and the Lake Worth Beach Pier.
Text 📲 Richard (Rich) Vidot
(561) 702-5541
Cash or Hard Money Only
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