Lake Worth Town, 231 S Palmway

Beds
7,251
SqFt
$321
$/SqFt
Sold - Apr 15, 2024
Premium Multifamily
Built in 1947
Fourplex
The Wedgewood 223-231 S Palmway is a gated private oasis located within great walkability to downtown Lake Worth and beaches There are 9 units (3) Large 2/1s 1150 sf +/- (5)1/1 and (1) studio. These are not typical units but more like villas as they have private gardens for tenants to enoy as well as a lovely courtyard with gazebo shared amongst the community for tenants to enjoy. In addition there is coin laundry and owners storage. This is a stablized value add opp. where you there is no immedite capex required to increase rents to market. THE PROPERTY IS 100% OCCUPIED, CAN NOT SHOW WITHOUT OFFER. PLEASE SEE OFFERING PACKAGE IN ATTACHMENTS FOR DETAILS.
MLS Number: A11545531
On Site: 926 Days
Updated: 22 Days ago
Page Views: 0

Features

Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: Central
        • Cooling Description: CentralAir
        Building and Construction
        • Floor Description: Hardwood,Tile,Wood
        • Year Built: 1947
        • Year Built Description: Resale
        • Style: Fourplex
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2024-03-06T12:00:40.000-00:00
          Taxes, Fees & More
          • Taxes: 30586

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          Price History

          Current
          $2.3M
          High
          $2.5M
          Low
          $2.3M
          Total Change
          -6.8%
          $2.5M$2.4M$2.3MMar 24Apr 24
          Date
          Event
          Price
          Change
          Price Per
          04/15/2024
          Sold
          $2.3M
          -6.8%
          $321 ft2
          $3,459 m2
          03/06/2024
          Listed
          $2.5M
           
          $345 ft2
          $3,711 m2
          04/15/2024
          $2.3M
          Event
          Sold
          Change
          -6.8%
          Price Per
          $321 ft2
          $3,459 m2
          03/06/2024
          $2.5M
          Event
          Listed
          Price Per
          $345 ft2
          $3,711 m2
          Price per square foot and days on website are not provided values and are calculated by Subdivisions.
          Listed by Alexis ShapiroONE Commercial LLC • Buyer Agency Compensation .

          Listing Location & Street View
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          Scores

          Walk Score®
          Somewhat Walkable. Some errands can be accomplished on foot
          67

          100
          Bike Score®
          Biker's Paradise. Daily errands can be accomplished on a bike
          95

          100
          Sound Score®
          Very loud
          73

          100
          Airport Score
          Close to airports. Noticeable airport activity
          1

          100
          Traffic Score
          Congested area. Frequent traffic delays
          34

          100
          Local Score
          Limited local amenities nearby
          8

          100
          Community Snapshot
          1 – 5 BR
          Bedrooms
          $110K – $1.5M
          Price Tier
          360 - 8,560
          SqFt Range
          1950
          Year Build
          1
          Total Floors

          Subdivision Amenities

          Golf Course
          None
          Sidewalks

          Lake Worth Beach
          Premium
          Premium Homes & Condos