About This Property
Residential in Lake Park
Rare four-unit investment opportunity in the rapidly growing Lake Park market. This unique property features a main house plus a triplex with three efficiency units, generating $82,200 in annual gross rental income with immediate cash flow. Ideally located just minutes from the Intracoastal Waterway, Singer Island beaches, marina, brewery, theater, Publix, US-1, I-95, and Palm Beach International Airport. Per current zoning and permitting information, the property may accommodate up to 10 units (buyer to verify). The main house also offers potential to convert to a 3BR/2BA. Whether you're looking to renovate, add value, or hold for long-term income, this property offers exceptional upside in a high-demand rental market. Quiet street, easy to rent, and outstanding investment potential. All information pertaining to the property is deemed reliable, but not guaranteed. Information to be verified by the Buyer. Be advised that cameras may exist recording audio and video inside/outside the property, such as ring doorbells. Photos are digitally enhanced and could be altered, please verify.
Features & Amenities
Property Highlights
Roof
- Shingle
- TarGravel
Sewer
- Public Sewer
Levels
- One
Cooling
- WallWindow Unit(s)
- Wall/Window Unit(s)
Fencing
- Back Yard
- Fenced
Heating
- WindowWall
- Window/Wall
Electric
- 150 Amp Service
Flooring
- Clay
- Tile
Utilities
- Electricity Connected
- Sewer Connected
- Water Connected
Appliances
- Electric Range
- Microwave
- Refrigerator
- Water Heater
- Range
- Electric Water Heater
Possession
- Close Of Escrow
- Negotiable
Room Types
- Kitchen
- Living Room
- Master Bedroom
WaterSource
- Public
Pets Allowed
- No Restrictions
Restrictions
- No Restrictions
Water Source
- Public
Listing Terms
- 1031 Exchange
- Cash
- Other
Structure Type
- House
Other Equipment
- Satellite Dish
OtherStructures
- Other
ParkingFeatures
- Driveway
- On Street
- Open
Pets Allowed YN
- Yes
Tax Information
- Tax Reflects No Exemptions
ExteriorFeatures
- Barbecue
InteriorFeatures
- None
Laundry Features
- Electric Dryer Hookup
- In Garage
- Inside
- Washer Hookup
Other Structures
- Other
Parking Features
- Driveway
- On Street
- Open
SecurityFeatures
- Smoke Detector(s)
Exterior Features
- Barbecue
Interior Features
- None
Security Features
- Smoke Detector(s)
ArchitecturalStyle
- Ranch
Fireplace Features
- Wood Burning
Foundation Details
- Concrete Perimeter
- Raised
- Slab
Master BedroomBath
- Separate Shower
Property Condition
- Resale
Road Frontage Type
- City Street
Acreage Description
- Less Than 14 Acre Lot
- Less Than 1 Acre Lot
Architectural Style
- Ranch
Showing Requirements
- 24 Hour Notice
- Appointment Only
- Call Listing Agent
- Listing Agent Must Accompany
- Occupied
- Showing Service
Water Heater Details
- Electric Water Heater
Sprinkler Description
- Auto Sprinkler
Construction Materials
- Aluminum Siding
- CBS
- Stucco
- Vinyl Siding
SpecialListingConditions
- Standard
Leasing Permitted Details
- Okay To Lease
Special Listing Conditions
- Standard
Specifications
Property Details
Location