216 S L Street, Lake Worth Beach, FL 33460
- $518,000
- 3
- BD
- 2
- BA
- 1,310
- SqFt
- Sold Price
- $518,000
- List Price
- $525,000
- Days on Market
- 240
- Closing Date
- Apr 07, 2025
- MLS#
- R11007371
- Bedrooms
- 3
- Full Bathrooms
- 2
- Sq. Ft
- 1,310
- Subtype
- Single Family Residence
- County
- Palm Beach
- Subdivision
- Town Of Lake Worth / Downtown Jewel Neighborhood
- Year Built
- 1925
Property Description
Great Investment Opportunity in the Heart of Downtown Lake Worth Beach! Two blocks from the epicenter of town & less than a mile to our beautiful beaches! Charming exterior, spacious interior, attached apartment & a detached garage offers multiple avenues for potential income. Sold As-Is, furnished w/ recent updates including fresh paint, new landscaping, fence, deck, new lighting, spray insulation, Roof 2021 & A/C 2020. Water Heater 2017. Well-maintained property. MF-20 Zoning allows for multiple dwelling structures on the lot to further increasing returns. Flexibility & financial opportunity in the most desired area of LWB! See Supplement. * Zoned for multi-family use (MF-20), the lot allows for up to three residential units! PREVIOUS RENTAL RATES 2023 * Front House was receiving $3,500 per month on an annual lease for the previous 2.5 years. * Apartment Income: $2,200 per month on an annual lease for the past 2.5 years. * Current rental rates vary and may not reflect the previous rental rates. Current ROI is 12% With adaptation of cottage as 3rd unit new owner ROI potential is 10% up to 14%
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Additional Information
- Garage Spaces
- 1
- Pets Allowed
- No Pet Restrictions, Yes
- Construction
- Aluminum Siding, Metal Siding, Concrete
- Cooling
- Central Air, Ceiling Fan(s)
- Flooring
- Clay, Tile
- Furnished
- Furnished
- Heating
- Central
- Restrict
- NoRestrictions
- Roof
- Composition, Mixed, Shingle, Wood Trusses
- Security
- Closed Circuit Camera(s), Smoke Detector(s), Security Lights
- Taxes
- $8,656
- Utilities
- Cable Available, Natural Gas Available, Sewer Available, Water Available
- Amenities
- Boat Facilities, Boating, Dog Park, Golf Course, Park, Playground, Sidewalks, Street Lights, Trail(s)
- Waterfront
- None
- Stories
- 1
- Price Per Sqft
- $395
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Listing courtesy of RJM Real Estate Corp.. Contact:
Selling Office: United Realty Group, Inc.
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: Samantha Lynn Johnsen | Email: SamanthaLJohnsen@gmail.com