216 So. L Street, Lake Worth Beach, FL 33460
- $518,000
- 2
- BA
- 1,310
- SqFt
- Sold Price
- $518,000
- List Price
- $525,000
- Days on Market
- 240
- Closing Date
- Apr 07, 2025
- MLS#
- R11007622
- Sq. Ft
- 1,310
- Subtype
- Duplex
- County
- Palm Beach
- Subdivision
- Lake Worth Town Of
- Year Built
- 1925
Property Description
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%
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Additional Information
- Construction
- Aluminum Siding, Metal Siding, Concrete
- Cooling
- Central Air, Ceiling Fan(s)
- Flooring
- Clay, Tile
- Heating
- Central
- Restrict
- NoRestrictions
- Roof
- Built-Up, Composition, Wood Trusses
- Taxes
- $8,656
- Utilities
- Cable Available, Natural Gas Available, Sewer Available, Water Available
- View
- Garden
- Amenities
- Boat Facilities, Boating, Golf Course, Park, Playground, Sidewalks, Street Lights, Trail(s)
- Waterfront
- Fixed Bridge
- Stories
- 1
- Acres
- 0.12
- Price Per Sqft
- $395
Mortgage Calculator
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