Residential Income
125 Cleveland St Lake Worth, FL 33461
For Sale
$449,000
For sale residential income duplex located at 125 Cleveland St in Lake Worth, Florida.
Property Size1,258 SF
Price / SF$356.92
Days on Market11
Property Features for 125 Cleveland St
General Information
- Standard status
- Active
- Size
- 1,258 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1953
Listing Agency:
Keller Williams Realty Premier Properties
(786) 333-3652
Listed By:
Cristina Benitez · License #A11982609
(786) 333-3652
Source:
Riserealty
Added: Jul 16
Changed: Jul 23
Last Checked: Jul 25 at 11:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Premier Properties
Investment Insights
Based on property information with market context.
This residential income duplex is available for sale at 125 Cleveland St in Lake Worth, Florida. The property is listed as a duplex and falls under multifamily/residential income classifications.
The listing provides a for-sale price of $449,000 and a property size of 1,258 (as stated in the source data).
The listing provides a for-sale price of $449,000 and a property size of 1,258 (as stated in the source data).
Key Highlights
- Residential income duplex for sale at 125 Cleveland St in Lake Worth, FL
- Built in 1953
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.7k | $25.20 |
| − Vacancy | −$1.7k | −$1.39 |
| EGI | $30.0k | $23.81 |
| − OpEx | −$9.0k | −$7.14 |
| NOI | $21.0k | $16.67 |
1,258 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$299.6K
$262.1K – $349.5K
NOI $20,971 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$276.4K
$241.8K – $322.5K
NOI $19,347 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$886.0K
$775.2K – $1.03M
NOI $62,017 @ 7.0% cap · market cap 13.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - For sale residential income duplex located at 125 Cleveland St in Lake Worth, Florida.
Where is this duplex located?
The property is located at 125 Cleveland St Lake Worth, FL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Residential income duplex for sale at 125 Cleveland St in Lake Worth, FL; Built in 1953
