Bought with Coastline Realty, Inc.
$260,000
$299,000
13.0%For more information regarding the value of a property, please contact us for a free consultation.
422 N Palmway 1 Lake Worth, FL 33460
5 Beds
4 Baths
2,148 SqFt
Key Details
Sold Price $260,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,148 sqft
Price per Sqft $121
Subdivision Lake Worth Town Of
MLS Listing ID RX-10350905
Sold Date 09/15/17
Bedrooms 5
Full Baths 4
Construction Status Resale
HOA Y/N No
Abv Grd Liv Area 16
Year Built 1939
Annual Tax Amount $5,135
Tax Year 2016
Lot Size 6,750 Sqft
Property Description
THIS OPPORTUNITY FIXER TRI-PLEX IS LOCATED IN THE VERY DESIRABLE PARROT COVE NEIGHBORHOOD,LAKE WORTH. IT IS WITHIN WALKING DISTANCE TO DOWNTOWN, GOLF COURSE,INTRACOASTAL WATERWAY,PARK AND THE OCEAN.THIS IS A UNIQUE OPPORTUNITY TO RENOVATE,GAIN IMMEDIATE EQUITY/APPRECIATION AND CASH FLOW IN THIS HIGH DEMAND RESIDENTIAL NEIGHBORHOOD. FIRST TIME ON THE MARKET IN ALMOST 50 YEARS.ONCE THIS CHARMING PROPERTY HAS BEEN RESTORED TO ITS FULL POTENTIAL, RENTS CAN BE INCREASED SIGNIFICANTLY TO CREATE A VERY GOOD RETURN ON INVESTMENT.
Location
State FL
County Palm Beach
Area 5600
Zoning SF-7(c
Interior
Heating Space
Cooling Wall-Win A/C
Flooring Concrete, Linoleum
Exterior
Exterior Feature Fence, Fruit Tree(s), Open Porch, Room for Pool
Community Features Foreign Seller, Handyman, Sold As-Is
Utilities Available Electric, Public Sewer, Water Available
Amenities Available Bike - Jog, Extra Storage
Waterfront No
Waterfront Description None
View Garden, Other
Roof Type Comp Rolled
Present Use Foreign Seller,Handyman,Sold As-Is
Parking Type Open Parking
Private Pool No
Building
Lot Description < 1/4 Acre
Story 2.0
Foundation Frame, Stucco
Construction Status Resale
Others
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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