1227 North E Street

Lake Worth, FL 33460

$346,000
Last Sold Price
Beds
1,845 Sq. Ft.
$188 / Sq. Ft.
1,845
Sq. Ft.
$188
per Sq. Ft.

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!
  1. Listed by Compton Harris • Meridian Trust Investments Inc

Property Details for 1227 North E Street

Subdivision Name
Lake Worth Town
Style
Duplex
Waterfront
No

Location

Listing Courtesy of Meridian Trust Investments Inc

Sold By Florida's Best Realty Services

Add your commute
LISTING UPDATED: 04/12/2021 11:16 AM

Property Details for 1227 North E Street

StatusClosed Sale
MLS #F10248073
Days on Market39
Taxes$6,632 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1963
Lot Size-
CountyPalm Beach County

Location

Listing Courtesy of Meridian Trust Investments Inc

Sold By Florida's Best Realty Services

Add your commute

Building Information for 1227 North E Street

Stories-Residences2Year Built1963Building Size-Lot Size-

Payment Calculator

$2,441 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,888

Property Taxes

$553

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1227 North E Street

General Information
General Information
  • Sq Ft Liv Area: 1845.0
  • Information Available: Other Available Information
  • Township Range: 43
  • Street Number Numeric: 1227
  • Street Number: 1227
  • Street Direction Prefix: N
  • Street Name: E St
  • County Or Parish: Palm Beach County
  • Postal Code: 33460
  • City and Location Text: Lake Worth
  • City Postal ID: 33460
Maintenance / Tax Information
  • Tax Amount: $6,632
  • Tax Information: Tax Reflects City & County Tax
  • Tax Year: 2019
Building Information
  • Property Type: Residential Income
  • Property Type Information: Detached
  • Subdivision Complex Bldg: Lake Worth Town
  • Total Units: 2
  • Type of Property: Duplex
  • Year Built Numeric: 1963
  • Year Built Description: Resale
  • MLS Area: 5630
Virtual Tour / Features / Utilities
Interior
  • Floor Description: Tile Floors
  • Flooring: Tile Floors
Exterior
  • Construction Type: Concrete Block Construction
  • Pool: No
  • Roof Description: Comp Shingle Roof
  • Construction: Concrete Block Construction
  • Roof: Comp Shingle Roof
Waterfront
  • Water Description: Municipal Water
Utilities
  • Cooling Description: Central Cooling
  • Heating Description: Central Heat
  • Cable Available: Yes
  • Separate Meter: Yes
  • Sewer Description: Municipal Sewer
Property / Lot Information
Building Information
  • Unit Count: 2
  • Type of Association: None
  • Zoning Information: SFR
  • Num Parking Spaces: 4
  • Num Stories: 1
Community Information
  • Gated Community YN: No
Location Information
  • Area: 5630
  • Geographic Area: Palm Beach 5600; 5610; 5620; 5630; 5640
  • Parcel Number Free Text: 38434421153860100
  • Section: 21
  • State: FL
Lot Information
  • Lot Description: Less Than 1/4 Acre Lot
Multi Family Information
Income Information
  • Gross Rent Income: $37,800
Rent Information
Rent Information
  • Rent Includes: None

Property History for 1227 North E Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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Similar Sold Homes

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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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Meridian Trust Investments Inc

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.