Multifamily in Lake Worth Beach, FL 33460

Lake Worth Town, 216 S L St

Income property in Prime Location! Nestled in the heart of trendy downtown LWB & just minutes to the beach! This Downtown Jewel is the place! Enjoy the beach, our eclectic art scene, restaurants, bars, shops, Golf Club, boating, the intracoastal, parks & more!!! Zoned MF-20. Currently used as an income property. Detached garage may be converted to DU. Recently painted & updated. Roof 2020, A/C 2021, H2O 2017. 2 Separate entrances each w/ private outdoor space & 2 parking spaces. Sold Turnkey w/ stylish furnishings, updated kitchen in the main house, volume ceilings, den, & office. Attached apartment off the back w/ private entrance, private patio, & parking space. Live the Life you've been Dreaming about in this Downtown Jewel! * Zoned for multi-family use (MF-20), the lot allows for up to three residential units! PREVIOUS RENTAL RATES * Front House was receiving $3,500 per month on an annual lease for the past 2.5 years. * Apartment was receiving $2,200 per month on an annual lease for the past 2.5 years. * Current rental rates vary and may not reflect the previous years rental rates. Current ROI is 12% With adaptation of cottage as 3rd unit new owner ROI potential is 10% up to 14%