1230 18th Avenue N, Lake Worth Beach, FL 33460 (MLS# R11012054)

1230 18th Avenue N, Lake Worth Beach, FL 33460

$1,825,000
Property Type: Commercial Sale Square Footage: 5,563 Status: Closed
Current Price: $1,825,000 List Date: 8/13/2024 Last Modified: 5/19/2026

Overview

Description

BEAUTIFUL 10 UNIT MULTI-FAMILY BUILDING IN THE HEART OF LAKE WORTH BEACH. ALL UNITS ARE IDENTICAL WITH 1 BEDROOM AND 1 BATHROOM. ALL UNITS HAVE BEEN COMPLETELY RENOVATED AND THE ROOF WAS REPLACED IN 2021. ALL ELECTRICAL HAS BEEN UPDATED AND BUILDING HAS ALL IMPACT WINDOWS AS WELL. DON'T MISS OUT ON THIS AMAZING OPPORTUNITY!!!

Listing Details MLS# R11012054

General Property Information

Property Sub Type
Multi Family
Number Of Units Total
10
Building Area Main
5563
Building Area Source
Public Records
Year Built
1962
Lot Size Area
17424
Lot Size Acres
0.4
Stories
Yes

Property Features

Ceiling: Drywall Documents Available: Books & Records; Copy Of Lease(s); Deed Electric: Separate Meters; Three Phase Flooring: Terrazzo Heating: Window/Wall Location of Property: City Location Possession: Negotiable Property Condition: Resale Sale Includes: Building; Land Source Of Expenses: Owner Provided Tenant Pays: Cable TV; Electricity Construction Materials: CBS Cooling: Wall/Window Unit(s) Listing Terms: Cash; Conventional Roof: Built-Up Security Features: None Sewer: Public Sewer Utilities: Cable Available Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent Contingencies: Inspection

Contract Information

Comp Sale YN
No
Original List Price
1900000

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
1230
Street Name
18th
Street Suffix
Avenue
Street Direction Suffix
N
City Name
Lake Worth Beach
State Or Province
FL
Postal Code
33460
Area
5620
Geographic Area
PB16
Parcel Number
38434416060020180
Zoning
SF-R(c
Property Description
10 Units

Financial Information

Tax Annual Amount
21197.3
Tax Year
2023
Tax Legal Description
LAKE WORTH HEIGHTS LTS 18 & 20 BLK 2

Status Change Information

Major Change Timestamp
2024-11-04T21:16:04Z
Major Change Type
Status Change
Status Change Date
2024-11-04
Under Contract Date
2024-09-02
Close Date
2024-10-30
Close Price
1825000
Buyer Financing
Cash

More Information

Building and Property Details

# Of Toilets
10
% Air Conditioned
100
Maximum Ceiling Height
9

Meter Information

Number Of Meters Total
10

Income and Expenses

Gross Income
177600
Insurance Expense
20000
Net Operating Income
118927
Operating Expense
58673
Real Estate Taxes
21198
Utilities Expense
12000

Buyer Details

Zip Code
33460

Contributions

Buyer Contributions
No

Price Calculations

Current Price To SqFt
328.06
Original List Price To Close Price
1.04

Originating Details

Originating System Key
20240813154129783994000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Electric

Separate Meters
Yes
Three Phase
Yes

Flooring

Terrazzo
Yes

Property Condition

Resale
Yes

Documents Available

Books & Records
Yes
Copy Of Lease(s)
Yes
Deed
Yes
Photos
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes

Location of Property

City Location
Yes

Possession

Negotiable
Yes

Sewer

Public Sewer
Yes

Utilities

Cable Available
Yes

Ceiling

Drywall
Yes

Heating

Window/Wall
Yes

Sale Includes

Building
Yes
Land
Yes

Construction Materials

CBS
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Roof

Built-Up
Yes

Security Features

None
Yes

Water Source

Public
Yes

Source Of Expenses

Owner Provided
Yes

Cooling

Wall/Window Unit(s)
Yes

Showing Requirements

Appointment Only
Yes
Call Listing Agent
Yes

Contingencies

Inspection
Yes
IDX
Listing Office: CENTURY 21 Tenace Realty
Last Updated: May - 19 - 2026
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