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512 9th Avenue N, Lake Worth Beach, FL 33460
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  • MLS#: R11168652 ( Residential Income )
  • Street Address: 512 9th Avenue N
  • Viewed: 3
  • Price: $800,000
  • Price sqft: $307
  • Waterfront: No
  • Year Built: 1955
  • Bldg sqft: 2603
  • Total Baths: 4
  • Days On Market: 51
  • Additional Information
  • Geolocation: 27 / -80
  • County: Palm Beach
  • City: Lake Worth Beach
  • Zipcode: 33460
  • Subdivision: Lake Worth Town Of
  • Elementary School: North Grade K
  • Middle School: Lake Worth
  • High School: Lake Worth
  • Provided by: The Keyes Company
  • DMCA Notice
  • Description
    ROOF 2022 over $60,000 spent in renovations Desirable Lake Worth Beach location east of US 1. Fourplex with strong in place income and value add upside with one unit currently available for lease. Unit mix and rents: Unit 512: 2BR/1BA rented at $1,950/month (lease through 12/31/2026) Unit 518: 1BR/1BA rented at $1,700/month (lease through 11/30/2026) Unit 516: Studio rented at $1,350/month (lease through 12/31/2026) Unit 514: Studio currently vacant; market rent approximately $1,350 $1,500/month 4 separate electric meters Roof approximately 5 years old. Parking for 4 vehicles plus street parking. Six onsite coin operated laundry machines provide additional income potential. Convenient to K 8 school, downtown Lake Worth Beach, shopping, dining, and the beach With ongoing redevelopment, infrastructure improvements, and continued demand for rental housing, property values in Lake Worth Beach have shown steady appreciation over the past several years. Its location east of US 1 is especially desirable due to proximity to the Intracoastal Waterway, beaches, golf course, dining, shopping, and entertainment. The city's combination of coastal lifestyle, strong rental demand, and comparatively attainable pricing relative to other Palm Beach County markets positions it for continued long term growth. For investors, Lake Worth Beach offers a compelling blend of cash flow potential and appreciation upside in a supply constrained coastal market.
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Features
Building and Construction
  • Exterior Features: None
  • Flooring: Tile
  • Roof: Mixed
School Information
  • High School: Lake Worth
  • Middle School: Lake Worth
  • School Elementary: North Grade K-8
Utilities
  • Cooling: Wall/Window Unit(s)
  • Heating: Other
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available
Amenities
  • Association Amenities: Playground
Finance and Tax Information
  • Tax Year: 2025
Rental Information
  • Tenant Pays: Cable TV, Electricity
Other Features
  • Legal Description: TOWN OF LAKE WORTH LT 1 BLK 284
  • Parcel Number: 38434421152840010
  • Zoning Code: SF-TF-
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Headshot for Associate Marian Casteel
  1. Marian Casteel, BrkrAssc,REALTOR ®
  2. Tropic Shores Realty
  3. CLIENT FOCUSED! RESULTS DRIVEN! SERVICE YOU CAN COUNT ON!
  4. Mobile: 352.601.6367
  5. 352.601.6367
  6. mariancasteel@yahoo.com