501 North J Street

Lake Worth Beach, FL 33460

$1,150,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to ''Downtown Five''. 5 Fully Renovated, Well Maintained, Easily Managed Apartment Homes Ideally Located 2 Blocks to Publix Supermarket, 3 Blocks to Downtown Lake Worth Beach, Shopping, Restaurants, Entertainment, Nightlife & Less Than One Mile to LW Beach & Fishing Pier. Situated within a Quiet Family Friendly Neighborhood in One of The Fastest Growing Cities in South Florida! All Units Have Been Beautifully Renovated: New Kitchens, Flooring, Baths, Electrical, Plumbing, & Paint. Lushly...Welcome to ''Downtown Five''. 5 Fully Renovated, Well Maintained, Easily Managed Apartment Homes Ideally Located 2 Blocks to Publix Supermarket, 3 Blocks to Downtown Lake Worth Beach, Shopping, Restaurants, Entertainment, Nightlife & Less Than One Mile to LW Beach & Fishing Pier. Situated within a Quiet Family Friendly Neighborhood in One of The Fastest Growing Cities in South Florida! All Units Have Been Beautifully Renovated: New Kitchens, Flooring, Baths, Electrical, Plumbing, & Paint. Lushly Landscaped Grounds! Coin Laundry Room Generates Extra Income. (Current Rents are 15-20% Under Market Value). Convert to Air BNB / Vacation Rental & Maximize ROI. A Perfect 1031. Plenty of Room to Add Pool / Hot Tub to Increase Value & Income! Please DO NOT walk property or disturb tenants
  1. Listed by Sergio S Commisso • JSM Realty Services, Inc.

Property Details for 501 North J Street

Subdivision
LAKE WORTH TOWN OF
Waterfront
No

Location

Listing Courtesy of JSM Realty Services, Inc.
Add your commute
LISTING UPDATED: 04/15/2024 07:20 PM

Property Details for 501 North J Street

StatusActive
MLS #RX-10978172
Days on Market14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industry / MultiFamily (5+ Units)
Year Built1952
Lot Size-
CountyPalm Beach County

Building

TOWN OF LAKE WORTH

2 StoriesBuilt in 1952

Location

Listing Courtesy of JSM Realty Services, Inc.
Add your commute

Building Information for 501 North J Street

Stories2Residences-Year Built1952Building Size-Lot Size-

Payment Calculator

$7,427 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,276

Property Taxes

$1,151

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 501 North J Street

Summary
Location and General Information
  • Directions: On 5th Ave N., Just E. of US1.
  • Geo Area: Palm Beach 5600; 5610; 5620; 5630; 5640
  • Special Info: Presently Leased
  • Street Number: 501
  • Subdivision Complex Bldg: LAKE WORTH TOWN OF
  • Municipal Code: Lake Worth Beach
  • State: FL
  • City Postal ID: 33460
  • MLS Area: 5600
  • MLS Sub Area: PB16
Taxes and HOA Information
  • Comm/Trans Brk: 2.5%
  • Tax Year: 2023
  • Maintenance Fee Incl: Exterior Electric, Lawn Care, Maintenance-Exterior, Trash Removal
Property
Lot Information
  • Area: 5600
  • Parcel ID: 38434421151500310
  • Property Group ID: 19990816212135227274000000
  • Square Ft Source: Tax Rolls
  • Zoning: SF-TF-
Property and Assessments
  • Acres: 0.15
  • For Sale: Yes
  • Legal Desc: TOWN OF LAKE WORTH LTS 31 & 32 BLK 150
  • Legal Description: TOWN OF LAKE WORTH LTS 31 & 32 BLK 150
Utilities
  • Utilities: Cable, Electric, Public Water, Separate Meter
Interior and Exterior Features
Exterior Features
  • Construction: Cbs Construction
  • Security: TV Camera
Interior Features
  • Roof: Comp Shingle
  • Cooling: Central, Electric, Wall-Win A/C
  • Flooring: Ceramic Tile, Vinyl Floor
  • Heating: Central, Electric, Window/Wall
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Tenant Pays: Cable, Electric

Property History for 501 North J 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 501 North J Street

Taxable ValueLand$229,500Additions$267,815Total$497,315
Tax Record2020$13,808 ($1,151 / month)
Home Facts
Baths5Total Finished SqFt3,332 SqFtAbove Grade Finished SqFt3,332 SqFtStories2Lot Size6,752 SqFtStyleMulti-Family Dwelling (2-4)Year Built1952Year Renovated1962ZoningSF-TF-14CountyPALM BEACHAPN38434421151500310

Schools near 501 North J Street

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 12
Public - K to 8
Public - 6 to 8
Charter - 9 to 12
Rating
School
Distance
Lake Worth High School
PublicPK to 12

North Grade Elementary School
PublicK to 8

Lake Worth Community Middle School
Public6 to 8

Palm Beach Preparatory Charter Academy
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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501 North J Street is a multi-family home for sale in Lake Worth Beach, FL 33460. This property was listed for sale on April 15, 2024 by JSM Realty Services, Inc., it's currently listed at $1,150,000. It has been on the market for a total of 14 days and was last sold on October 29, 1998. This listing's school district is Palm Beach. Nearby schools include Lake Worth High School, North Grade Elementary School and Lake Worth Community Middle School. 501 North J Street is a 0-bed, 0-bath, multi-family home built in 1952.

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 JSM Realty Services, 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.