507 S L Street 1, Lake Worth Beach, FL 33460

$325,000

Property Type: Residential Income Square Footage: 2,677 Status: Closed

Current Price: $325,000 List Date: 1/08/2017 Last Modified: 5/22/2026

Overview

Description

Great income property located in a nice part of Lake Worth, next to a school, fully rented! New laminated floors, window AC units new, stoves, fridges, etc... Property generating currently $3,450.00/month with potential for $3,700.00. There is only 1 water meter and bill is split among tenants. Tenants pay their own electric bill.

Listing Details MLS# R10296723

General Property Information

Number Of Units Total: 3
Property Sub Type: Triplex
Building Area Main: 2677
Building Area Source: Public Records
Living Area Main: 2589
Year Built: 1954
Lot Size Area: 10125
Lot Size Acres: 0.23
Lot Size Dimensions: 75.0 ft x 135.0 ft
Senior Community YN: No
Stories: Yes
Pool Private YN: No

Property Features

Association Amenities: None Documents Available: Copy Of Lease(s) Fencing: Fenced Flooring: Ceramic Tile; Laminate Property Condition: Resale Tenant Pays: Electricity; Sewer; Water Source Of Expenses: Owner Provided Construction Materials: CBS; Frame Cooling: Ceiling Fan(s); Electric; Wall/Window Unit(s) Heating: Window/Wall Listing Terms: Cash; Conventional; FHA Pets Allowed YN: Yes Pets Allowed: Size Limit Possession: Close Of Escrow; Negotiable Restrictions: Other Restrictions Roof: Composition Sewer: Public Sewer Special Information: Sold As-Is; Title Insurance Policy Available; Corporate Owned Tax Information: City/County Utilities: Electricity Available; Sewer Available; Water Available View: Garden Water Access: None Water Source: Public Showing Requirements: Appointment Only; Listing Agent Must Accompany; Text Listing Agent Unit 1 Appliances: Range; Refrigerator Unit 1 Other Equipment: Smoke Detector(s) Unit 1 Parking Features: Parking Space Unit 1 Rooms: Kitchen Unit 2 Appliances: Range; Refrigerator Unit 2 Other Equipment: Smoke Detector(s) Unit 2 Parking Features: Parking Space Unit 2 Rooms: Kitchen Unit 3 Appliances: Range; Refrigerator Unit 3 Other Equipment: Smoke Detector(s) Unit 3 Parking Features: Open Parking Unit 3 Rooms: Kitchen Contingencies: Appraisal; Inspection Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 360000

Location and Legal

County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 507
Street Direction Prefix: S
Street Name: L
Street Suffix: Street
Unit Number: Yes
City Name: Lake Worth Beach
State Or Province: FL
Postal Code: 33460
Postal Zip: 33460
Subdivision Name: LAKE WORTH TOWN OF
Area: 5630
Geographic Area: PB16
Special Assessment YN: No
Parcel Number: 38434421151690190
Zoning: MF-20(
Directions: On I 95 Exit 63 go east - Pass Dixie Hwy and go North on K st then East on 4th st and South on L st. Property on the West side of the street.
Multiple Offers Accepted: Yes

Financial Information

Tax Annual Amount: 4520.68
Tax Year: 2016
Tax Legal Description: TOWN OF LAKE WORTH LTS 19 TO 21 INC BLK 169

Status Change Information

Major Change Timestamp: 2017-06-16T00:51:50Z
Major Change Type: Status Change
Status Change Date: 2017-06-15
Under Contract Date: 2017-04-10
Close Date: 2017-06-05
Close Price: 325000
Buyer Financing: Conventional

More Information

Meter Information

Separate Electric Meters YN: Yes
Separate Water Meters YN: No

Short Sale Details

Short Sale Addendum: No

Income and Expenses

Annual Total Expense: 2000
Gross Income: 41400
Net Operating Income: 37000

Pet Details

Total Weight Limit (Pets): 20

Unit 1 Details

Actual Rent: 950
Baths Full: Yes
Furnished: Unfurnished
SqFt: 720

Unit 1 Lease Description

Lease Expiration: 2018-01-01

Unit 2 Details

Actual Rent: 1250
Baths Full: Yes
Baths Half: Yes
Furnished: Unfurnished
SqFt: 950

Unit 2 Lease Description

Lease Expiration: 2018-01-01

Unit 3 Details

Actual Rent: 1250
Baths Half: 2
SqFt: 1000

Unit 3 Lease Description

Lease Expiration: 2017-01-30

Price Calculations

Current Price To SqFt: 125.53
Original List Price To Close Price: 1.1

Originating Details

Originating System Key: 20170108201116037322000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Association Amenities

None: Yes

Flooring

Ceramic Tile: Yes
Laminate: Yes

Property Condition

Resale: Yes

Special Information

Sold As-Is: Yes
Title Insurance Policy Available: Yes
Corporate Owned: Yes

Documents Available

Copy Of Lease(s): Yes

Fencing

Fenced: Yes

Tenant Pays

Electricity: Yes
Sewer: Yes
Water: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes

Sewer

Public Sewer: Yes

Utilities

Electricity Available: Yes
Sewer Available: Yes
Water Available: Yes

View

Garden: Yes

Heating

Window/Wall: Yes

Water Access

None: Yes

Construction Materials

CBS: Yes
Frame: Yes

Listing Terms

Cash: Yes
Conventional: Yes
FHA: Yes

Roof

Composition: Yes

Water Source

Public: Yes

Source Of Expenses

Owner Provided: Yes

Cooling

Ceiling Fan(s): Yes
Electric: Yes
Wall/Window Unit(s): Yes

Showing Requirements

Appointment Only: Yes
Listing Agent Must Accompany: Yes
Text Listing Agent: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

Size Limit: Yes

Restrictions

Other Restrictions: Yes

Tax Information

City/County: Yes

Contingencies

Appraisal: Yes
Inspection: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Other Equipment

Smoke Detector(s): Yes

Unit 1 Parking Features

Parking Space: Yes

Unit 1 Rooms

Kitchen: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes

Unit 2 Other Equipment

Smoke Detector(s): Yes

Unit 2 Parking Features

Parking Space: Yes

Unit 2 Patio/Porch

Patio/Porch: Yes

Unit 2 Rooms

Kitchen: Yes

Unit 3 Appliances

Range: Yes
Refrigerator: Yes

Unit 3 Other Equipment

Smoke Detector(s): Yes

Unit 3 Parking Features

Open Parking: Yes

Unit 3 Rooms

Kitchen: Yes

Unit 4 Details

Actual Rent: 0
SqFt: 0

Acreage Description

Less Than 1/4 Acre Lot: Yes

Listing Office: Global Luxury Realty LLC

Last Updated: May - 22 - 2026

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507 S L Street 1, Lake Worth Beach, FL 33460 (MLS# R10296723)