713 2 Ave Lake Worth Beach, FL 33460
- Commercial real estate
- 4,592 SF
Current Use by Public Records
- Commercial real estate
Property Details for 713 2 Ave
- Year built
- 1950
- Property size
- 4,592 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a beautifully maintained, eight-unit multi-family property situated on a corner lot in desirable Lake Worth Beach, Florida. The property, located at 713 2nd Avenue S, boasts a total of 4,592 square feet and comprises two buildings. Each of the eight units is attractively furnished. Built in 1950, the property underwent a complete renovation in 2020, resulting in significant upgrades. These improvements include brand new hurricane impact glass windows and doors, fresh stucco, a new roof, refinished floors, updated plumbing and water lines, a completely overhauled mechanical and electrical system, and upgraded lighting throughout. The property also features a spacious backyard, offering ample room for the addition of a swimming pool. Its prime location places it just one block away from the renowned Bamboo Room. Detailed rent rolls are available for review upon request. The owner is also offering a package deal that includes three additional commercial/residential income-producing properties in Lake Worth Beach (805 Lake Ave, 1812 N Dixie Hwy, and 1914 N Dixie Hwy), presenting a unique opportunity for a significant portfolio acquisition. The asking price for this specific property is $1,699,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lake Worth Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.056162
- Latitude
- 26.613269
