311 South J Street

Lake Worth Beach, FL 33460

$499,000
Last Sold Price
Beds
1,582 Sq. Ft.
$315 / Sq. Ft.
1,582
Sq. Ft.
$315
per Sq. Ft.

Description

A fully renovated cash cow triplex in historic Lake Worth blocks from Lake Ave with shopping, restaurants and plenty more. The units are fully occupied with high quality tenants in place. Tenants always pay on time and are super respectful. There is an opportunity for an increase in rents. Tenants pay electric/gas while Landlord pays water at an average of $120 p/m. Parking is available in rear or on street. Park your money here and watch your GROSS CAP RATE top 7%. Viewing by appointment only.A fully renovated cash cow triplex in historic Lake Worth blocks from Lake Ave with shopping, restaurants and plenty more. The units are fully occupied with high quality tenants in place. Tenants always pay on time and are super respectful. There is an opportunity for an increase in rents. Tenants pay electric/gas while Landlord pays water at an average of $120 p/m. Parking is available in rear or on street. Park your money here and watch your GROSS CAP RATE top 7%. Viewing by appointment only.
  1. Listed by Eric Castillo • Rent 1 & Sale 1 Realty - CS I

Property Details for 311 South J Street

Subdivision
TOWN OF LAKE WORTH
Waterfront
No
Waterfront Details
None
Style
No Pool/No Water

Location

Listing Courtesy of Rent 1 & Sale 1 Realty - CS I

Sold By Rent 1 & Sale 1 Realty - CS I

Add your commute
LISTING UPDATED: 10/09/2023 11:03 AM

Property Details for 311 South J Street

StatusClosed
MLS #RX-10780981
Days on Market11
Taxes$6,426 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1945
Lot Size0.15 AC / 6,750 SF
CountyPalm Beach County

Location

Listing Courtesy of Rent 1 & Sale 1 Realty - CS I

Sold By Rent 1 & Sale 1 Realty - CS I

Add your commute

Building Information for 311 South J Street

Stories1Residences3Year Built1945Building Size-Lot Size0.15 AC / 6,750 SF

Payment Calculator

$3,259 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,723

Property Taxes

$536

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 311 South J Street

Summary
Location and General Information
  • Property Condition: Resale
  • Directions: Take I-95 N and 6th Ave S to 3rd Ave S in Lake Worth. Continue on 3rd Ave S. Drive to S J St
  • Geo Area: Palm Beach 5600; 5610; 5620; 5630; 5640
  • Street Number: 311
  • Subdivision Complex Bldg: TOWN OF LAKE WORTH
  • 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%
  • HOPA: No Hopa
  • Tax Year: 2021
  • Maintenance Fee Incl: Trash Removal
  • HOA Dues: $0
Property
Lot Information
  • Area: 5610
  • HOA Amenities: None
  • Lot Description: < 1/4 Acre
  • Lot Dimensions: 50.0 ft x 135.0 ft
  • Parcel ID: 38434421151170220
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Sq Ft Total: 1,582
  • Square Ft Source: Floor Plan
  • Zoning: SF-R(c
Property and Assessments
  • Legal Desc: TOWN OF LAKE WORTH LTS 22 & 23 BLK 117
  • Sq Ft Liv Area: 1582.0
  • Legal Description: TOWN OF LAKE WORTH LTS 22 & 23 BLK 117
Utilities
  • Utilities: Cable, Public Sewer
Interior and Exterior Features
Exterior Features
  • Construction: Frame Construction, Other Construction, Wood Sliding
  • Exterior Features: Fence
  • Private Pool: No
  • Storm Protection: Impact Glass: Partial
  • Subdiv Amenities: None
  • Gated Community YN: No
Interior Features
  • Roof: Metal
  • Separate Elec Meters: No
  • Separate Wtr Meters: No
  • Cooling: Wall-Win A/C
  • Flooring: Tile
  • Heating: Gas
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $37,374.01
  • Income & Expenses: Annual Total Expense: $7,400.00
  • Income & Expenses: Gross Operating Inc: $45,000.00
  • Tenant Pays: Cable, Electric, Sewer, Water
Unit 1
  • Unit 1 Desc: A/C Unit, Dishwasher, Disposal, Dryer, Electric Meter, Kitchen, Microwave, Range - Electric, Refrigerator, Smoke Detector, Utility, Washer
  • Unit 1 Info: Bedrooms: 1
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: No
  • Unit 1 Info: Monthly Income: 1,150
  • Unit 1 Info: SqFt: 497.0
  • Unit 1 Parking: Open Parking
Unit 2
  • Unit 2 Desc: A/C Unit, Dishwasher, Disposal, Dryer, Electric Meter, Kitchen, Microwave, Range - Electric, Refrigerator, Smoke Detector, Utility, Washer
  • Unit 2 Info: Bedrooms: 1
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: No
  • Unit 2 Info: Monthly Income: $1,150
  • Unit 2 Info: SqFt: 497.0
  • Unit 2 Parking: Open Parking
Unit 3
  • Unit 3 Desc: A/C Unit, Dishwasher, Disposal, Dryer, Electric Meter, Kitchen, Microwave, Range - Electric, Refrigerator, Smoke Detector, Utility, Washer
  • Unit 3 Info: Bedrooms: 2
  • Unit 3 Info: Full Bath: 1
  • Unit 3 Info: Furnished: No
  • Unit 3 Info: Monthly Income: $1,450.00
  • Unit 3 Info: SqFt: 492.0
  • Unit 3 Parking: Open Parking
Unit 4
  • Unit 4 Info: Monthly Income: $.00
  • Unit 4 Info: SqFt: 0.0
Agent
Agent Only
  • Selling Agent Full Name: Leonardo J Ovalles
  • Selling Office Branch ID: 186003
Rental
Rental Information
  • Pets on Premises: Yes

Property History for 311 South J Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 311 South J 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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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 Rent 1 & Sale 1 Realty - CS I

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.