Active
825 Truman Avenue
Lake Worth Beach FL, 33460
$1,075,000
$284.32 per sqft
Active
3,781 sqft
Residential
Built in 1960
Great opportunity to acquire a remodeled and cash flowing quadplex - ready to be delivered with one vacant unit to take advantage of an ASSUMABLE (!!!) FHA loan at 3%! The property generated in 2023 $109k in GRI (see docs for T12). Proforma for 2024 is $127k (mainly from higher rent from upgraded units + additional income). Please do not disturb the tenants. Enjoy a stabilized asset with reliable tenants (one annual lease, two month-to-month, one currently vacant unit ready to rent). This property is located just minutes away from LWB Downtown, groceries, restaurants, the beach and Palm Beach State College. Adjacent LWB Howard Park is a family friendly and recently improved recreational park (soccer, basketball, BBQ, playground, etc.) and an added value for local tenant
R10957419
MLSⓇ ID
February 6, 2024
Listed
March 14, 2024
Updated
Map
825 Truman Avenue
Lake Worth Beach FL, 33460
Interior Features
Total Stories
2
Floor Description
Clay, Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Ceiling Fan(s), Wall/Window Unit(s)
Heating
Yes
Heating Description
Central, Electric, Wall Furnace
Exterior/Building Features
Lot Size
0.17 Acres
Exterior Features
Fence, Fruit Trees, Patio
Lot Features
Corner Lot, 1/4 Acre
Roof
Composition, Shingle
Sewer
Public Sewer
Other Property Details
Area Name
5640
Taxes
$15,712
Tax Frequency
Annually
Days on Market
14
Garage
No
View
Yes
View Description
Garden
County
Palm Beach County
Water Source
Public
Pool
No
Pool Features
None
Buyer Agency Compensation
2.5%
Listed by: Keller Williams Coastal Partners
Listing Contact: (424) 288-9434
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Data last updated 6:58 PM UTC, 3/14/2024
