825 Truman Street

Lake Worth Beach, FL 33460

$1,075,000
Price
Beds
3,781 Sq. Ft.
$284 / Sq. Ft.
3,781
Sq. Ft.
$284
per Sq. Ft.

Description

Great opportunity to acquire a remodeled and cash flowing quadplex - ready to be delivered with one vacant unit to take advantage of an ASSUMABLE (!) FHA loan at 3%! The property generated in 2023 $109k in GRI (see docs for T12). Proforma for 2024 is $127k (mainly from higher rent from upgraded units + additional income). Please do not disturb the tenants. Enjoy a stabilized asset with reliable tenants (one annual lease, two month-to-month, one currently vacant unit ready to rent). This property...Great opportunity to acquire a remodeled and cash flowing quadplex - ready to be delivered with one vacant unit to take advantage of an ASSUMABLE (!) FHA loan at 3%! The property generated in 2023 $109k in GRI (see docs for T12). Proforma for 2024 is $127k (mainly from higher rent from upgraded units + additional income). Please do not disturb the tenants. Enjoy a stabilized asset with reliable tenants (one annual lease, two month-to-month, one currently vacant unit ready to rent). This property is located just minutes away from LWB Downtown, groceries, restaurants, the beach and Palm Beach State College. Adjacent LWB Howard Park is a family friendly and recently improved recreational park (soccer, basketball, BBQ, playground, etc.) and an added value for local tenant
  1. Listed by Maximilian Stalinski • Keller Williams Coastal Partners
  2. Listed by Gabriela Beltran • PMI Beach Properties

Property Details for 825 Truman Street

Subdivision
Parkview Heights
Waterfront
No
Waterfront Details
None
View
Garden, Preserve
Style
No Pool/No Water

Location

Listing Courtesy of Keller Williams Coastal Partners; PMI Beach Properties
Add your commute
LISTING UPDATED: 02/20/2024 09:01 AM

Property Details for 825 Truman Street

StatusActive
MLS #RX-10957419
Days on Market83
Taxes$15,712 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quad Plex
Year Built1960
Lot Size0.17 AC / 7,257 SF
CountyPalm Beach County

Location

Listing Courtesy of Keller Williams Coastal Partners; PMI Beach Properties
Add your commute

Building Information for 825 Truman Street

Stories2Residences4Year Built1960Building Size-Lot Size0.17 AC / 7,257 SF

Payment Calculator

$7,176 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,867

Property Taxes

$1,309

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 825 Truman Street

Summary
Location and General Information
  • Property Condition: Resale
  • Directions: Corner lot at the corner of Truman and Washington
  • Geo Area: Palm Beach 5600; 5610; 5620; 5630; 5640
  • Special Info: Sold As-Is
  • Street Number: 825
  • Subdivision Complex Bldg: Parkview Heights
  • Municipal Code: Lake Worth Beach
  • State: FL
  • City Postal ID: 33460
  • MLS Area: 5640
  • MLS Sub Area: PB16
Parking
  • Carport Spaces: 1
Taxes and HOA Information
  • Comm/Trans Brk: 2.5%
  • HOPA: No Hopa
  • Tax Year: 2023
Property
Lot Information
  • Area: 5640
  • HOA Amenities: None
  • Lot Description: < 1/4 Acre, Corner Lot, West of US-1
  • Parcel ID: 38434434030000190
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Sq Ft Total: 4,146
  • Square Ft Source: Other
  • Zoning: SF-TF-14 (city)
Property and Assessments
  • Legal Desc: PARKVIEW HEIGHTS LT 19
  • Sq Ft Liv Area: 3781.0
  • Legal Description: PARKVIEW HEIGHTS LT 19
Utilities
  • Utilities: Cable, Electric, Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Construction: Cbs Construction, Concrete Block Construction, Concrete Block With Brick
  • Exterior Features: Covered Patio, Extra Building, Fence, Fruit Tree(s), Shutters
  • Private Pool: No
  • Storm Protection: Accordion Shutters: Partial
  • Subdiv Amenities: None
  • Gated Community YN: No
  • Structure Type: Quadruplex
Interior Features
  • Roof: Comp Shingle
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: Yes
  • Cooling: Ceiling Fan, Central Individual, Wall-Win A/C
  • Flooring: Clay Tile, Vinyl Floor
  • Heating: Central Individual, Window/Wall
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $77,396.00
  • Income & Expenses: Annual Total Expense: $30,587.00
  • Income & Expenses: Gross Operating Inc: $108,523.00
  • Tenant Pays: Cable, Insurance
Unit 1
  • Unit 1 Desc: A/C Unit, Range - Electric, Refrigerator, Smoke Detector, Split Bedrooms
  • Unit 1 Info: Bedrooms: 3
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: No
  • Unit 1 Info: Lease Ends: 01-31-2025
  • Unit 1 Info: Monthly Income: 2,500
  • Unit 1 Info: SqFt: 1054.0
  • Unit 1 Parking: Space Parking
Unit 2
  • Unit 2 Desc: A/C Unit, Kitchen, Range - Electric, Refrigerator, Smoke Detector, Split Bedrooms
  • Unit 2 Info: Bedrooms: 2
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: No
  • Unit 2 Info: Monthly Income: $2,250
  • Unit 2 Info: SqFt: 903.0
  • Unit 2 Parking: Carport - Attached
Unit 3
  • Unit 3 Desc: A/C Unit, Kitchen, Patio, Range - Electric, Refrigerator, Smoke Detector, Split Bedrooms, Utility
  • Unit 3 Info: Bedrooms: 5
  • Unit 3 Info: Full Bath: 2
  • Unit 3 Info: Lease Ends: 02-29-2024
  • Unit 3 Info: Monthly Income: $3,100.00
  • Unit 3 Info: SqFt: 1400.0
  • Unit 3 Parking: Carport - Attached
Unit 4
  • Unit 4 Desc: A/C Unit, Kitchen, Range - Electric, Refrigerator, Smoke Detector
  • Unit 4 Info: Bedrooms: 1
  • Unit 4 Info: Full Bath: 1
  • Unit 4 Info: Furnished: No
  • Unit 4 Info: Monthly Income: $1,600.00
  • Unit 4 Info: SqFt: 424.0
  • Unit 4 Parking: Carport - Attached
Rental
Rental Information
  • Pets on Premises: No

Property History for 825 Truman 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 825 Truman Street

Taxable ValueLand$89,758Additions$586,808Total$676,566
Tax Record2023$15,712 ($1,309 / month)
Home Facts
Baths4Total Finished SqFt2,009 SqFtAbove Grade Finished SqFt2,009 SqFtStories2Lot Size7,257 SqFtStyleDuplexYear Built1960Year Renovated2015ZoningSF-TF-14CountyPALM BEACHAPN38-43-44-34-03-000-0190

Schools near 825 Truman 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
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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825 Truman Street is a multi-family home for sale in Lake Worth Beach, FL 33460. This property was listed for sale on February 6, 2024 by Keller Williams Coastal Partners, it's currently listed at $1,075,000. It has been on the market for a total of 83 days and was last sold on August 13, 2021. This listing's school district is Palm Beach. Nearby schools include Barton Elementary School, Lake Worth High School and Lantana Middle School. 825 Truman Street is a 0-bed, 0-bath, 3,781 sqft multi-family home built in 1960.

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; PMI Beach Properties

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.