711 Truman Avenue, Lake Worth Beach, FL 33460

$930,000

Virtual Tour

https://www.propertypanorama.com/711-Truman-Avenue-Lake-Worth-Beach-FL-33460/unbranded

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Property Type: Residential Income Square Footage: 4,076 Status: Closed

Current Price: $930,000 List Date: 1/26/2026 Last Modified: 4/16/2026

Overview

Description

Exceptional 4-Plex Investment Opportunity - Priced Below Appraised Value! Rare opportunity to acquire a well-maintained four-unit multifamily property offered below appraisal, providing immediate upside for investors. Each of the four spacious units features 2 bedrooms, 1 bathroom, plus an additional den that can be utilized as a home office or potential third bedroom. All units are currently rented at $2,000 per month on month-to-month leases, providing flexibility for a new owner to adjust rental rates. All units offer the convenience of in-unit laundry rooms and separately metered electric and water, ensuring efficient management and reduced owner expenses. Three units have undergone recent renovations, enhancing rental appeal and value.

Supplements: Major capital improvements include a brand-new roof installed in 2025 and fresh exterior paint, delivering peace of mind and minimizing future maintenance costs. Strong income potential, functional layouts, and solid upgrades make this property an excellent addition to any investment portfolio. Ideal for long-term hold, house hacking, or value-add ... (Read more)

Listing Details MLS# R11158021

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 4076
Building Area Source: Public Records
Living Area Main: 3920
Year Built: 1976
Gated Community YN: No
Senior Community YN: No
Stories: Yes
Pool Private YN: No

Property Features

Association Amenities: None Documents Available: None Fencing: Fenced Flooring: Tile Property Condition: Resale Structure Type: Quadruplex Tenant Pays: Cable TV; Electricity; Water Source Of Expenses: Owner Provided Construction Materials: CBS Cooling: Ceiling Fan(s); Central Individual Heating: Other Listing Terms: Cash; Conventional Possession: Negotiable Roof: Composition Sprinkler Description: Auto Sprinkler Storm Protection Details: None Tax Information: No Homestead Utilities: None Water Access: None Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Occupied; Text Listing Agent Occupant Details: Tenant Occupied Unit 1 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Unit 1 Interior Features: Split Bedroom Plan; Walk-In Closet(s) Unit 1 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 1 Parking Features: Open Parking; Parking Space Unit 1 Rooms: Family Room; Kitchen; Laundry Room; Separate Dining Unit 2 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Unit 2 Interior Features: Split Bedroom Plan; Walk-In Closet(s) Unit 2 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 2 Parking Features: Open Parking; Parking Space Unit 2 Rooms: Family Room; Kitchen; Laundry Room; Separate Dining Unit 3 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Unit 3 Interior Features: Split Bedroom Plan; Walk-In Closet(s) Unit 3 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 3 Parking Features: Open Parking; Parking Space Unit 3 Rooms: Family Room; Kitchen; Laundry Room; Separate Dining; Utility Room Unit 4 Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Washer Unit 4 Interior Features: Split Bedroom Plan Unit 4 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 4 Parking Features: Open Parking; Parking Space Unit 4 Rooms: Family Room; Kitchen; Laundry Room; Separate Dining Contingencies: None Acreage Description: 1/4 To Less Than 1/2 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 974000
Negotiable Seller Concessions YN: No

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 711
Street Name: Truman
Street Suffix: Avenue
City Name: Lake Worth Beach
State Or Province: FL
Postal Code: 33460
Postal Zip: 33460
Subdivision Name: PARKVIEW HGTS IN
Area: 5640
Geographic Area: PB16
Elementary School: Barton
Middle Or Junior School: Lantana Community
High School: Lake Worth
Parcel Number: 38434434030000290
Zoning: SF-TF-14—SINGLE
Directions: Take I-95, exit East onto W Lantana Rd, head North onto N Dixie Highway, turn left onto Washington Ave, turn left Douglas St, turn right onto Truman Ave. Fourplex on the lefthand side.

Financial Information

Tax Annual Amount: 16274
Tax Year: 2025
Tax Legal Description: PARKVIEW HEIGHTS LTS 29 & 30

Status Change Information

Major Change Timestamp: 2026-04-16T00:25:51Z
Major Change Type: Status Change
Status Change Date: 2026-04-15
Under Contract Date: 2026-03-19
Close Date: 2026-04-15
Close Price: 930000
Buyer Financing: 1031 Exchange

More Information

Meter Information

Separate Electric Meters YN: Yes
Separate Water Meters YN: Yes

Short Sale Details

Short Sale Addendum: No

Income and Expenses

Annual Total Expense: 27000
Gross Income: 96000
Net Operating Income: 69000

Showing Details

Pet(s) on Premises: No

Unit 1 Details

Actual Rent: 1950
Baths Full: Yes
Furnished: Unfurnished
SqFt: 1019

Unit 2 Details

Actual Rent: 1950
Baths Full: Yes
Furnished: Unfurnished
SqFt: 1019

Unit 3 Details

Actual Rent: 1950
Baths Full: Yes
Furnished: Unfurnished
SqFt: 1019

Unit 4 Details

Actual Rent: 1950
Baths Full: Yes
Furnished: Unfurnished
SqFt: 1019

Price Calculations

Current Price To SqFt: 248.46

Originating Details

Originating System Key: 20260126164141307476000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Association Amenities

None: Yes

Flooring

Tile: Yes

Property Condition

Resale: Yes

Documents Available

None: Yes

Fencing

Fenced: Yes

Structure Type

Quadruplex: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Water: Yes

Possession

Negotiable: Yes

Utilities

None: Yes

Heating

Other: Yes

Sprinkler Description

Auto Sprinkler: Yes

Water Access

None: Yes

Construction Materials

CBS: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Roof

Composition: Yes

Source Of Expenses

Owner Provided: Yes

Cooling

Ceiling Fan(s): Yes
Central Individual: Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes
Call Listing Agent: Yes
Occupied: Yes
Text Listing Agent: Yes

Storm Protection Details

None: Yes

Tax Information

No Homestead: Yes

Occupant Details

Tenant Occupied: Yes

Contingencies

None: Yes

Unit 1 Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Interior Features

Split Bedroom Plan: Yes
Walk-In Closet(s): Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes

Unit 1 Parking Features

Open Parking: Yes
Parking Space: Yes

Unit 1 Rooms

Family Room: Yes
Kitchen: Yes
Laundry Room: Yes
Separate Dining: Yes

Unit 2 Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Interior Features

Split Bedroom Plan: Yes
Walk-In Closet(s): Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes

Unit 2 Parking Features

Open Parking: Yes
Parking Space: Yes

Unit 2 Rooms

Family Room: Yes
Kitchen: Yes
Laundry Room: Yes
Separate Dining: Yes

Unit 3 Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 3 Interior Features

Split Bedroom Plan: Yes
Walk-In Closet(s): Yes

Unit 3 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes

Unit 3 Parking Features

Open Parking: Yes
Parking Space: Yes

Unit 3 Rooms

Family Room: Yes
Kitchen: Yes
Laundry Room: Yes
Separate Dining: Yes
Utility Room: Yes

Unit 4 Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 4 Interior Features

Split Bedroom Plan: Yes

Unit 4 Other Equipment

Air Conditioning Unit: Yes
Smoke Detector(s): Yes

Unit 4 Parking Features

Open Parking: Yes
Parking Space: Yes

Unit 4 Rooms

Family Room: Yes
Kitchen: Yes
Laundry Room: Yes
Separate Dining: Yes

Acreage Description

1/4 To Less Than 1/2 Acre Lot: Yes

Listing Office: Serhant

Last Updated: April - 16 - 2026

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711 Truman Avenue, Lake Worth Beach, FL 33460 (MLS# R11158021)