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    713 2Nd Ave S Lake Worth, FL 33460

    For Sale
    $1,699,000

    Updated multi-family property with eight units near downtown Lake Worth.

    Building Details

    Year built
    1950

    Source: Provident Realty of South Florida Inc. Agent Gillian Lieberman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multi-Family Property Near Bamboo Room

    This corner lot multi-family property features two buildings comprising eight residential units, each with one bedroom and one bathroom, and 550 square feet of living space. Located one block from the Bamboo Room and a short walk from the heart of downtown Lake Worth Beach, the property offers a prime location. The property includes an oversized backyard with space for a pool. The property was completely updated in 2020 with new hurricane impact glass windows and doors, stucco, roof, finished floors, plumbing, water lines, mechanical, electrical, and upgraded lighting. Each unit has an individual electric meter. The property is fully occupied, and rent rolls are available upon request. It is located a 5-minute drive to Lake Worth Beach Casino Building & Beach Complex; Benny's on the Beach; The Tideline Resort & Spa; & The Four Seasons Palm Beach.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0561505
    Latitude
    26.6132486

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    FAQs

    What type of property is this?
    Apartment building - Updated multi-family property with eight units near downtown Lake Worth.
    Where is this apartment building located?
    The property is located at 713 2Nd Ave S Lake Worth, FL.
    What is the asking price?
    The asking price for this property is $1,699,000.
    What are key features of this property?
    This property features: - Completely updated in 2020: featuring new hurricane impact windows/doors, stucco, roof, finished floors, plumbing, water lines, mechanical, electrical, & upgraded lighting.; - Prime location: just one block from the Bamboo Room and a 2-block walk to Downtown Lake Worth Beach.; - Multi-family property with two buildings and eight 1 bed 1 bath units.
    (646) 460-5740
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    713 2Nd Ave S Lake Worth, FL 33460
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    Lake Worth, FL 33460
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    713 2Nd Ave S Lake Worth, FL 33460
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