Duplex with Licensed RV
For Sale
$615,000
714 S H Street, Lake Worth, FL 33460
Two-unit residential income property with roof replaced July 2021 and a licensed RV ADU.
Property Size1,733 SF
Price / SF$354.88
Days on Market105
Property Features for 714 S H Street
General Information
Standard status
Active
Size
1,733 SF
Property subtype
Duplex
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1973
Listing Agency:
Partnership Realty Inc.
(561) 355-0270
Listed By:
Arshad Ali · License #3336890
(561) 628-0331
Source:
Lehmannflorida
Added: Jul 5
Changed: Oct 16
Last Checked: Oct 16 at 8:30AM
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 Partnership Realty Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex includes two rental units and a fixed RV at the back of the property. The roof was replaced in July 2021. The RV is licensed and is supported by legal documentation as an ADU, and it is rented along with both duplex units. Per the seller’s information, the RV and both rented units generate over $5,500 per month. The property will be sold As Is, and offers will be reviewed as highest and best.
The home features brand-new fences with a sliding car entrance gate, and a wide rear-side door for access from the back. Recent upgrades are stated as permitted by the City of Lake Worth. The front side has 24-hour video surveillance camera coverage, with monitoring by the City of Lake Worth Electrical utility office.
The property is described as having a social organization building on the south side and the City of Lake Worth Electrical utility office on the north side. Showings are by appointment at your convenience.
The home features brand-new fences with a sliding car entrance gate, and a wide rear-side door for access from the back. Recent upgrades are stated as permitted by the City of Lake Worth. The front side has 24-hour video surveillance camera coverage, with monitoring by the City of Lake Worth Electrical utility office.
The property is described as having a social organization building on the south side and the City of Lake Worth Electrical utility office on the north side. Showings are by appointment at your convenience.
Key Highlights
- Two‑unit income property built in 1973, plus a licensed RV ADU at the back
- Roof replaced in July 2021
- RV ADU is licensed and has legal documents as an ADU
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,889
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,780
$577.8K
Cap Rate 7%
$412,700
$412.7K
Cap Rate 9%
$320,989
$321.0K
Market Conditions
NOI Build-Up for 1,733 SF
Gross rent
$43.7K $25.20/SF
− Vacancy
−$2.4K −$1.39/SF
EGI
$41.3K $23.81/SF
− OpEx
−$12.4K −$7.14/SF
NOI
$28.9K $16.67/SF
Area
Palm Beach County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,780
Cap Rate 7%
$412,700
Cap Rate 9%
$320,989
Alternative Uses
Best Use
Multifamily LT 5
$412.7K
$361.1K – $481.5K
NOI $28,889 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$380.7K
$333.2K – $444.2K
NOI $26,652 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,433 @ 7.0% cap · market cap 13.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,854
Businesses Nearby
Explore this area
Business Placement
Demographics for 33460, FL
36,409
Population
14,769
Households
2.5
Avg Household Size
36
Median Age
24%
College-Educated
72%
High-School Grad
4.7 sq mi
ZIP Area
7,747
Density / Sq Mi
$61,702
Median Household Income
$32,388
Median Earnings
$1,411
Median Rent
$333,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with roof replaced July 2021 and a licensed RV ADU.
Where is this duplex located?
The property is located at 714 S H Street Lake Worth, FL.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Two‑unit income property built in 1973, plus a licensed RV ADU at the back; Roof replaced in July 2021; RV ADU is licensed and has legal documents as an ADU
