1227 North E Street
1227 North E Street
$346,000
—
1,845
1,845
$188
Closed Sale 3/29/21
Description
Cash cow alert! Magnificent opportunity to own a turnkey rental in North Lake Worth just minutes from historical Lake Worth & downtown entertainment on Lake Avenue! This is an investor's dream, occupied by long term tenants that never miss their payments w/ a total of 6 bedrooms and 3 bathrooms. This property is detached into two separate dwellings -- a 4/2 and a 2/1 -- that produces nearly $40,000.00 in yearly income while collecting rent payments well below the market rate with plenty of room to...Cash cow alert! Magnificent opportunity to own a turnkey rental in North Lake Worth just minutes from historical Lake Worth & downtown entertainment on Lake Avenue! This is an investor's dream, occupied by long term tenants that never miss their payments w/ a total of 6 bedrooms and 3 bathrooms. This property is detached into two separate dwellings -- a 4/2 and a 2/1 -- that produces nearly $40,000.00 in yearly income while collecting rent payments well below the market rate with plenty of room to add value and increase rents 20-30%. Roof was installed in 2017 and A/C is less than 5 years old, and is completely FHA/VA APPROVED. Lake Worth represents one of the fastest growing cities in all of Palm Beach county -- Buy this well-located property today and start collecting rent from day 1!
- Listed by Compton Harris • Meridian Trust Investments Inc
Property Details for 1227 North E Street
Subdivision Name
Lake Worth Town
StyleDuplex
WaterfrontNo
Location
LISTING UPDATED: 04/12/2021 11:16 AM
Property Details for 1227 North E Street
Status | Closed Sale |
---|---|
MLS # | F10248073 |
Days on Market | 39 |
Taxes | $6,632 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Duplex |
Year Built | 1963 |
Lot Size | - |
County | Palm Beach County |
Location
Building Information for 1227 North E Street
Stories-Residences2Year Built1963Building Size-Lot Size-
Payment Calculator
$2,441 per month
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Property Information for 1227 North E Street
Property History for 1227 North E Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1227 North E Street
This home is within Palm Beach.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | PK to 12 | |||
Public - | 6 to 8 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Highland Elementary School PublicPK to 5 | ||
Lake Worth High School PublicPK to 12 | ||
Lake Worth Community Middle School Public6 to 8 | ||
G-Star School Of The Arts Charter9 to 12 |
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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