208 South M Street

Lake Worth Beach, FL 33460

$650,000
Price
Beds
2,072 Sq. Ft.
$314 / Sq. Ft.
2,072
Sq. Ft.
$314
per Sq. Ft.

Description

Situated just 0.7 miles away from the shoreline, this charming Old Spanish-style duplex, boasting mixed-use zoning, beckons in the heart of downtown Lake Worth. With two distinct units, it stands as a versatile investment opportunity. Fully furnished and primed for short-term rentals, it offers immediate revenue potential. Alternatively, you can choose to reside in one unit while leasing out the other, creating a steady stream of passive income. Embrace the tranquil ambiance of the expansive fenced-in...Situated just 0.7 miles away from the shoreline, this charming Old Spanish-style duplex, boasting mixed-use zoning, beckons in the heart of downtown Lake Worth. With two distinct units, it stands as a versatile investment opportunity. Fully furnished and primed for short-term rentals, it offers immediate revenue potential. Alternatively, you can choose to reside in one unit while leasing out the other, creating a steady stream of passive income. Embrace the tranquil ambiance of the expansive fenced-in yard, evoking an oasis-like retreat at home.
  1. Listed by Lyudmila Mulligan • Keller Williams Coastal Partners

Property Details for 208 South M Street

Subdivision
Bryant Park
Waterfront
No
Waterfront Details
None
Style
No Pool/No Water

Location

Listing Courtesy of Keller Williams Coastal Partners
Add your commute
LISTING UPDATED: 04/15/2024 11:08 AM

Property Details for 208 South M Street

StatusActive
MLS #RX-10972916
Days on Market31
Taxes$6,668 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1926
Lot Size0.13 AC / 5,711 SF
CountyPalm Beach County

Building

LAKE WORTH TOWN

2 StoriesBuilt in 1926

Location

Listing Courtesy of Keller Williams Coastal Partners
Add your commute

Building Information for 208 South M Street

Stories2Residences-Year Built1926Building Size-Lot Size0.13 AC / 5,711 SF

Payment Calculator

$4,103 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,547

Property Taxes

$556

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 208 South M Street

Summary
Location and General Information
  • Property Condition: Resale
  • Directions: Exit 63, go east on 6th Ave, turn left to S M Street. House is by 2nd Ave and S M street intersection.
  • Geo Area: Palm Beach 5600; 5610; 5620; 5630; 5640
  • Street Number: 208
  • Subdivision Complex Bldg: Bryant Park
  • Municipal Code: Lake Worth Beach
  • State: FL
  • City Postal ID: 33460
  • MLS Area: 5610
  • MLS Sub Area: PB16
Parking
  • Carport Spaces: 0
Taxes and HOA Information
  • Comm/Trans Brk: 2.5%
  • HOPA: No Hopa
  • Tax Year: 2023
Property
Lot Information
  • Area: 5610
  • HOA Amenities: None
  • Lot Description: < 1/4 Acre, East of US-1
  • Parcel ID: 38434421150930071
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Special Assessment: No
  • Sq Ft Total: 2,072
  • Square Ft Source: Appraisal
  • Zoning: MU-E
Property and Assessments
  • Legal Desc: TOWN OF LAKE WORTH W 102 FT OF S 45 FT OF LT 7 & E 33 FT OF S 34 FT OF LT 7 BLK 93
  • Sq Ft Liv Area: 2072.0
  • Legal Description: TOWN OF LAKE WORTH W 102 FT OF S 45 FT OF LT 7 & E 33 FT OF S 34 FT OF LT 7 BLK 93
Utilities
  • Utilities: Electric, Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Construction: Frame With Stucco, Stucco Exterior Construction
  • Exterior Features: Exterior W/D Hookup, Fruit Tree(s), Room for Pool, Shed
  • Private Pool: No
  • Storm Protection: None
  • Subdiv Amenities: Bike - Jog, Boating, Cafe/Restaurant, Picnic Area, Street Lights
  • Gated Community YN: No
  • Structure Type: Duplex
Interior Features
  • Roof: Tar/Gravel
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: Yes
  • Cooling: Ceiling Fan, Wall-Win A/C
  • Flooring: Laminate, Linoleum
  • Heating: No Heat
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $58,000.00
  • Income & Expenses: Annual Total Expense: $8,000.00
  • Income & Expenses: Gross Operating Inc: $66,000.00
  • Tenant Pays: Cable, Electric
Unit 1
  • Unit 1 Desc: Built-in Shelves, Dryer, Electric Meter, Laundry, Refrigerator, Utility, Washer
  • Unit 1 Info: Bedrooms: 3
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: Yes
  • Unit 1 Info: Monthly Income: 3,000
  • Unit 1 Info: SqFt: 1050.0
  • Unit 1 Parking: None
Unit 2
  • Unit 2 Desc: Built-in Shelves, Electric Meter, Pantry, Washer
  • Unit 2 Info: Bedrooms: 2
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: Yes
  • Unit 2 Info: Monthly Income: $2,500
  • Unit 2 Info: SqFt: 1050.0
  • Unit 2 Parking: None
Rental
Rental Information
  • Pets on Premises: Yes

Property History for 208 South M Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 208 South M Street

Taxable ValueLand-Additions-Total-
Tax Record2023$6,668 ($556 / month)
Home Facts
Baths2Total Finished SqFt2,072 SqFtAbove Grade Finished SqFt2,072 SqFtStories2Lot Size5,711 SqFtStyleDuplexYear Built1926Year Renovated2005ZoningMU-ECountyPALM BEACHAPN38-43-44-21-15-093-0071

Schools near 208 South M 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 - K to 8
Rating
School
Distance
South Grade Elementary School
PublicPK to 5

Lake Worth High School
PublicPK to 12

Lake Worth Community Middle School
Public6 to 8

Palm Beach Maritime Academy
CharterK to 8

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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208 South M Street is a multi-family home for sale in Lake Worth Beach, FL 33460. This property was listed for sale on March 28, 2024 by Keller Williams Coastal Partners, it's currently listed at $650,000. It has been on the market for a total of 31 days and was last sold on August 22, 2019. This listing's school district is Palm Beach. Nearby schools include South Grade Elementary School, Lake Worth High School and Lake Worth Community Middle School. 208 South M Street is a 0-bed, 0-bath, 2,072 sqft multi-family home built in 1926.

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 Keller Williams Coastal Partners

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.