514 South K Street

Lake Worth Beach, FL 33460

$320,000
Last Sold Price
Beds
1,250 Sq. Ft.
$256 / Sq. Ft.
1,250
Sq. Ft.
$256
per Sq. Ft.

Description

This is an extremely rare opportunity to buy an income producing Duplex East of Federal highway! Both buildings are for sale (Building 512 and Building 514), each building is $399,900. Both have different tax records. Building 514 is a duplex with a studio apartment on the first floor and a 1 bedroom on the second floor. 2nd floor the 1 bedroom on the top floor just had new laminate wood floors installed. Both buildings are freshly painted. Downstairs studio apartment is roughly 600 sqft, 1 bedroom...This is an extremely rare opportunity to buy an income producing Duplex East of Federal highway! Both buildings are for sale (Building 512 and Building 514), each building is $399,900. Both have different tax records. Building 514 is a duplex with a studio apartment on the first floor and a 1 bedroom on the second floor. 2nd floor the 1 bedroom on the top floor just had new laminate wood floors installed. Both buildings are freshly painted. Downstairs studio apartment is roughly 600 sqft, 1 bedroom upstairs is roughly 650 sqft. Roof is a flat roof and was resealed 1.5 years ago. 2 car spaces per a building. Total of 4 spaces between both buildings. Property is kept very nicely. These properties rent out fast and have no rental restrictions! Take a look before it's too late.
  1. Listed by Alexander William Steinhardt • Realty Home Advisors Inc

Property Details for 514 South K Street

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

Location

Listing Courtesy of Realty Home Advisors Inc

Sold By Sutter & Nugent LLC

Add your commute
LISTING UPDATED: 12/05/2023 08:07 AM

Property Details for 514 South K Street

StatusClosed
MLS #RX-10908087
Days on Market46
Taxes$4,497 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1941
Lot Size0.08 AC / 3,375 SF
CountyPalm Beach County

Location

Listing Courtesy of Realty Home Advisors Inc

Sold By Sutter & Nugent LLC

Add your commute

Building Information for 514 South K Street

Stories2Residences2Year Built1941Building Size-Lot Size0.08 AC / 3,375 SF

Payment Calculator

$2,121 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,746

Property Taxes

$375

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 514 South K Street

Summary
Location and General Information
  • Property Condition: Resale
  • Directions: Take 6th Ave S East past Federal Hwy after you pass Federal Hwy it is the second left onto S K Street property will be on the right hand side.
  • Geo Area: Palm Beach 5600; 5610; 5620; 5630; 5640
  • Special Info: Sold As-Is
  • Street Number: 514
  • Subdivision Complex Bldg: LAKE WORTH TOWN OF
  • 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: 2.25%
  • HOPA: No Hopa
  • Tax Year: 2022
  • HOA Dues: $0
Property
Lot Information
  • Area: 5610
  • HOA Amenities: None
  • Lot Description: < 1/4 Acre
  • Lot Dimensions: 25.0 ft x 135.0 ft
  • Parcel ID: 38434421151690100
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Sq Ft Total: 1,250
  • Square Ft Source: Owner
  • Zoning: SF-R(c
Property and Assessments
  • Legal Desc: TOWN OF LAKE WORTH LT 10 BLK 169
  • Sq Ft Liv Area: 1250.0
  • Legal Description: TOWN OF LAKE WORTH LT 10 BLK 169
Utilities
  • Utilities: Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Construction: Frame Construction, Frame With Stucco, Stucco Exterior Construction
  • Exterior Features: None
  • Private Pool: No
  • Storm Protection: None
  • Subdiv Amenities: None
  • Gated Community YN: No
  • Structure Type: Duplex
Interior Features
  • Roof: Tar/Gravel
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: No
  • Cooling: Ceiling Fan, Wall-Win A/C
  • Flooring: Ceramic Tile, Laminate
  • Heating: Window/Wall
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $27,000.00
  • Income & Expenses: Annual Total Expense: $3,200.00
  • Income & Expenses: Gross Operating Inc: $35,400.00
  • Tenant Pays: Cable, Electric
Unit 1
  • Unit 1 Desc: Electric Meter, Range - Electric, Refrigerator
  • Unit 1 Info: Bedrooms: 0
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: No
  • Unit 1 Info: Monthly Income: 1,450
  • Unit 1 Info: SqFt: 600.0
  • Unit 1 Parking: Open Parking
Unit 2
  • Unit 2 Desc: Electric Meter, Range - Electric, Refrigerator
  • Unit 2 Info: Bedrooms: 1
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: No
  • Unit 2 Info: Monthly Income: $1,500
  • Unit 2 Info: SqFt: 650.0
  • Unit 2 Parking: Open Parking
Agent
Agent Only
  • Selling Agent Full Name: Alexander C Evert
  • Selling Office Branch ID: 304198
Rental
Rental Information
  • Pets on Premises: Yes

Property History for 514 South K 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 514 South K Street

Taxable ValueLand$138,900Additions$82,738Total$221,638
Tax Record2023$4,856 ($405 / month)
Home Facts
Baths2Total Finished SqFt800 SqFtAbove Grade Finished SqFt800 SqFtStories2Lot Size3,376 SqFtStyleDuplexYear Built1941Year Renovated1970ZoningSFRCountyPALM BEACHAPN38-43-44-21-15-169-0100

Schools near 514 South K 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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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 Realty Home Advisors 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.