214-216 S M Street, Lake Worth, FL 33460 (MLS# A11079025)

214-216 S M Street, Lake Worth, FL 33460

$715,000
Property Type: Residential Income Square Footage: 2,707 Status: Closed
Current Price: $715,000 List Date: 8/04/2021 Last Modified: 11/14/2026

Overview

Description

The Bungalows are a 5 Unit multifamily asset in the heart of Lake Worth Beach. The property is comprised of three cottages housing, 5 units that have been very well cared for and renovated throughout ownership and 100% OCCUPIED! The property is currently owner-managed with annual leases in place. The Bungalows idyllic location also offers the opportunity to take advantage of the profitable vacation rental market. With The Bungalows being separate buildings, tenants can enjoy a sense of privacy and tranquility while being just a short walk to the hustle and bustle of downtown. These features position The Bungalows as a prime investment opportunity andrental property. UNIT MIX (1)2/1 (1)1/1 (2)STUDIOS (1) EFFICIENCY + COIN LAUNDRY & OWNER STORAGE PLEASE SEE OFFERING MEMORANDUM ATTACHED

Listing Details MLS# A11079025

General Property Information

Building Area Main
2707
Living Area Main
2521
Adjusted Area Main
2569
Year Built
1926
Parking Total
5
Stories Total
2
Pool Private YN
No

Property Features

Documents Available: Copy Of Lease(s); Financial Statement; Rent Rolls Flooring: Tile; Wood Property Condition: Resale; Updated/Remodeled Structure Type: Multi Family Construction Materials: Frame Cooling: Paddle Fan(s); Wall/Window Unit(s) Heating: Separate Meters; Window/Wall Listing Terms: 1031 Exchange; Cash; Conventional Possession: Subject To Tenant Rights Roof: Shingle; Other Sewer: Public Sewer Tax Information: City/County Utilities: Cable Not Available Showing Requirements: Call Listing Agent Contingencies: None

Contract Information

Comp Sale YN
No
Original List Price
750000

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
214-216
Street Direction Prefix
S
Street Name
M
Street Suffix
Street
City Name
Lake Worth
Municipal Code
38
State Or Province
FL
Postal Code
33460
Postal Code +4
4110
Postal Zip
33460
Subdivision Name
LAKE WORTH TOWN OF
Area
5620
Geographic Area
PB16
Parcel Number
38434421150930050
Subdivision Number
15
Zoning
MU-E - Mixed Use E
Flood Zone
X
Directions
2 blocks south of Lake Avenue on S M st (one way street heading north) property on the East Side of the street. From I 95 6th Ave S, head East to S M Street, head north 4 blocks property on the East side

Financial Information

Tax Annual Amount
8217
Tax Year
2020
Tax Legal Description
TOWN OF LAKE WORTH LT 5 BLK 93

Status Change Information

Major Change Timestamp
2021-11-29T14:28:33Z
Major Change Type
Status Change
Status Change Date
2022-03-31
Under Contract Date
2021-09-23
Close Date
2021-11-29
Close Price
715000
Buyer Financing
Other

More Information

Buyer Details

Intended Use
Investment
Buyer State
Florida
Zip Code
33460

Concessions

Seller Concessions
No

Price Calculations

Current Price To SqFt
283.62

Section Details

Parcel Number MLX
0050

Originating Details

Originating System Key
361236141
Originating System ID
M00000151
IDX
Listing Office: ONE Commercial LLC
Source MLS Verified
Last Updated: November - 14 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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