646 Latona Avenue

Lake Worth Beach, FL 33460

$779,000
Price
Beds
2,880 Sq. Ft.
$270 / Sq. Ft.
2,880
Sq. Ft.
$270
per Sq. Ft.

Description

Unique opportunity! This 4plex boasts individual units, each comprising 2 bedrooms and 1 bathroom, complete with separate water and electric meters. Currently rented at $1650 per month per unit, this property promises lucrative returns. Don't overlook the potential for significant cash flow! With a fully rented status below market rent, it offers an impressive 7.6% ROI. Proof of funds required with offers.Unique opportunity! This 4plex boasts individual units, each comprising 2 bedrooms and 1 bathroom, complete with separate water and electric meters. Currently rented at $1650 per month per unit, this property promises lucrative returns. Don't overlook the potential for significant cash flow! With a fully rented status below market rent, it offers an impressive 7.6% ROI. Proof of funds required with offers.
  1. Listed by Olivier G Hannoun • One Sotheby's International Realty - Aventura

Property Details for 646 Latona Avenue

Subdivision
LATONA COURT AMNDED PLAT
Waterfront
No
Waterfront Details
None
Style
No Pool/No Water

Location

Listing Courtesy of One Sotheby's International Realty - Aventura
Add your commute
LISTING UPDATED: 04/16/2024 05:51 PM

Property Details for 646 Latona Avenue

StatusActive
MLS #RX-10978437
Days on Market14
Taxes$13,088 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quad Plex
Year Built1958
Lot Size0.13 AC / 5,602 SF
CountyPalm Beach County

Location

Listing Courtesy of One Sotheby's International Realty - Aventura
Add your commute

Building Information for 646 Latona Avenue

Stories1Residences4Year Built1958Building Size-Lot Size0.13 AC / 5,602 SF

Payment Calculator

$5,342 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,251

Property Taxes

$1,091

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 646 Latona Avenue

Summary
Location and General Information
  • Property Condition: Resale
  • Directions: Dixie to W on Washington to Wingfield to Latona.
  • Geo Area: Palm Beach 5600; 5610; 5620; 5630; 5640
  • Special Info: Foreign Seller, Sold As-Is
  • Street Number: 646
  • Subdivision Complex Bldg: LATONA COURT AMNDED PLAT
  • Municipal Code: Lake Worth Beach
  • State: FL
  • City Postal ID: 33460
  • MLS Area: 5640
  • MLS Sub Area: PB16
Parking
  • Carport Spaces: 0
Taxes and HOA Information
  • Comm/Trans Brk: 3%
  • HOPA: No Hopa
  • Tax Year: 2023
  • Maintenance Fee Incl: None
  • HOA Dues: $0
Property
Lot Information
  • Area: 5640
  • HOA Amenities: None
  • Lot Description: < 1/4 Acre
  • Lot Dimensions: < 1/4 Acre,Sidewalks
  • Parcel ID: 38434434020000120
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Sq Ft Total: 2,880
  • Square Ft Source: Other
  • Zoning: SF-TF-
Property and Assessments
  • Legal Desc: AMENDED PL OF LATONA COURT LTS 12 & 13
  • Sq Ft Liv Area: 2880.0
  • Legal Description: AMENDED PL OF LATONA COURT LTS 12 & 13
Utilities
  • Utilities: Public Sewer
Interior and Exterior Features
Exterior Features
  • Construction: Cbs Construction
  • Exterior Features: Fence
  • Private Pool: No
  • Storm Protection: None
  • Subdiv Amenities: None
  • Gated Community YN: No
Interior Features
  • Roof: Tar/Gravel
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: Yes
  • Cooling: Wall-Win A/C
  • Flooring: Ceramic Tile, Laminate
  • Heating: Window/Wall
  • Window Treatments: Single Hung Metal
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $42,645.00
  • Income & Expenses: Annual Total Expense: $28,000.00
  • Income & Expenses: Gross Operating Inc: $79,200.00
  • Tenant Pays: Cable, Electric, Water
Unit 1
  • Unit 1 Desc: A/C Unit, Dishwasher, Kitchen, Range - Electric, Refrigerator
  • Unit 1 Info: Bedrooms: 2
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: No
  • Unit 1 Info: Monthly Income: 1,650
  • Unit 1 Info: SqFt: 720.0
  • Unit 1 Parking: Space Parking
Unit 2
  • Unit 2 Desc: A/C Unit, Dishwasher, Kitchen, Range - Electric, Refrigerator
  • Unit 2 Info: Bedrooms: 2
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: No
  • Unit 2 Info: Monthly Income: $1,425
  • Unit 2 Info: SqFt: 720.0
  • Unit 2 Parking: Space Parking
Unit 3
  • Unit 3 Info: Bedrooms: 2
  • Unit 3 Info: Full Bath: 1
  • Unit 3 Info: Furnished: No
  • Unit 3 Info: Monthly Income: $1,650.00
  • Unit 3 Info: SqFt: 720.0
Unit 4
  • Unit 4 Info: Bedrooms: 2
  • Unit 4 Info: Full Bath: 1
  • Unit 4 Info: Furnished: No
  • Unit 4 Info: Monthly Income: $1,650.00
  • Unit 4 Info: SqFt: 720.0
Rental
Rental Information
  • Pets on Premises: No

Property History for 646 Latona Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 646 Latona Avenue

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
Barton Elementary School
PublicPK to 5

Lake Worth High School
PublicPK to 12

Lantana 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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646 Latona Avenue is a multi-family home for sale in Lake Worth Beach, FL 33460. This property was listed for sale on April 15, 2024 by One Sotheby's International Realty - Aventura, it's currently listed at $779,000. It has been on the market for a total of 14 days and was last sold on October 29, 2022. This listing's school district is Palm Beach. Nearby schools include Barton Elementary School, Lake Worth High School and Lantana Middle School. 646 Latona Avenue is a 0-bed, 0-bath, 2,880 sqft multi-family home built in 1958.

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 One Sotheby's International Realty - Aventura

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.