202 N K Street, Lake Worth Beach, FL 33460

Status: Active

1966

YEAR BUILT

$1,950,000

LISTING PRICE

MultiFamily (5+ Units)

TYPE

MLS#: RX-11078694

Type of Building: Commercial Condo, Resident. Multi-Fam. and Income


For More Information Call:

561-283-4663

Amazing location in downtown historic Lake Worth Beach walking distance to the beaches, the island, the pier, downtown shops and restauarnts - a true historic town lifestyle with awesome community spirit. Renovation of the Gulfstreasm hotel is well underway, golf available at our our 18 hole municipal course right along the ICW, public boat launch, the iconic Street Painting Festival, all kinds of local water sports, minutes to City Place, Worth Ave, PBIA, antqiue Row, and the list goes on and on! This building has everything necessarty to attract the best tenants looking for a tropical lifestyle! It has seious upside potential, CBS with 8 recently renovated units, can be converted to AirBnB for MAX income at any time. 6 of 8 tenants are currenlty on a month to month! This is a 2 story


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This listing is courtesy of True Blue Realty Inc. Real Estate and Luxury homes in Boca Raton, Delray Beach, Deerfield Beach, Juno Beach, 0 Lake Worth, Palm Beach Gardens, West Palm Beach and surrounding areas in Palm Beach County and South Florida. Property Listing Data contained within this site is the property of Brevard MLS and is provided for consumers looking to purchase real estate. Any other use is prohibited. We are not responsible for errors and omissions on this web site. All information contained herein should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended.

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All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc.

  • Acres0.25 acres
  • Available DocumentsNone
  • Available InformationFull Financials, Owner managed and Copies of Lease
  • Built DescriptionResale
  • CeilingSheet Rock
  • CityLake Worth Beach
  • ConstructionCBS
  • CoolingCentral
  • CountyPalm Beach
  • Directions7th Ave N E of Dixie to N J st turn S to 2nd Ave N, cross K st and left to building on right
  • Expenses: Common Area Maintenance$1,200
  • Expenses: Insurance$19,200
  • Expenses: R.E. Taxes$21,108
  • Expenses: Utilities$2,160
  • Fire ProtectionSmoke Detector
  • FlooringCeramic Tile
  • For LeaseNo
  • For SaleYes
  • HeatingCentral
  • LeaseNone
  • Legal DescriptionTOWN OF LAKE WORTH LTS 1 & 2 BLK 48
  • List Price$1,950,000
  • List Price/SqFt$364.07 / sqft
  • Listing DateSaturday, April 5th, 2025
  • Listing IDRX-11078694
  • Listing Price$1,950,000
  • Listing StatusActive
  • LocationCity
  • Monetary Info: Gross Scheduled Income$166,800
  • Monetary Info: Income Expense Statement Period2024
  • Monetary Info: Net Operating Income$124,332
  • Monetary Info: Source of ExpensesAccountant
  • Monetary Info: Total Expenses$43,668
  • Monetary Info: Total Mortgage Balance$1,100,000
  • Monetary Info: Vacancy Rate$2
  • Number of Meters8
  • Number of Stories2
  • Number of Toilets12
  • Percent Air Conditioned100%
  • PossessionFunding
  • Property DescriptionMULTI FAMILY 5+
  • Property TypeCommercial
  • Real Estate Taxes$21,107.80
  • RoofComp Rolled
  • Sale IncludesBuilding and Land
  • SecurityNone
  • Special InformationNone
  • SqFt SourceTax Rolls
  • State/ProvinceFL
  • StatusActive
  • Status Change DateSaturday, April 5th, 2025
  • Street NameK
  • SubdivisionLake Worth Town Of
  • Tax Year2024
  • Tenant PaysElectric, Cable, Sewer and Water
  • Terms ConsideredCash, Exchange and Conventional
  • Total Building SqFt5,356 sqft
  • Total Units in Building8
  • TypeMultiFamily (5+ Units)
  • Type of BuildingCommercial Condo, Resident. Multi-Fam. and Income
  • Unit 1: Annual Rent$1,850
  • Unit 1: Full Baths1
  • Unit 1: Number of Units1
  • Unit 1: Rent PeriodMonth
  • Unit 1: Unit Description2 Bedroom
  • Unit 2: Annual Rent$1,750
  • Unit 2: Full Baths1
  • Unit 2: Number of Units1
  • Unit 2: Rent PeriodMonth
  • Unit 2: Unit Description1 Bedroom
  • Unit 3: Annual Rent$1,750
  • Unit 3: Full Baths1
  • Unit 3: Number of Units1
  • Unit 3: Rent PeriodMonth
  • Unit 3: Unit Description1 Bedroom
  • Unit 4: Annual Rent$1,700
  • Unit 4: Full Baths1
  • Unit 4: Number of Units1
  • Unit 4: Rent PeriodMonth
  • Unit 4: Unit Description2 Bedroom
  • Unit 5: Annual Rent$1,850
  • Unit 5: Full Baths1
  • Unit 5: Number of Units1
  • Unit 5: Rent PeriodMonth
  • Unit 5: Unit Description2 Bedroom
  • Unit 6: Annual Rent$1,650
  • Unit 6: Full Baths1
  • Unit 6: Number of Units1
  • Unit 6: Rent PeriodMonth
  • Unit 6: Unit Description1 Bedroom
  • Unit 7: Annual Rent$1,700
  • Unit 7: Full Baths1
  • Unit 7: Number of Units1
  • Unit 7: Rent PeriodMonth
  • Unit 7: Unit Description1 Bedroom
  • Unit 8: Annual Rent$1,700
  • Unit 8: Full Baths1
  • Unit 8: Number of Units1
  • Unit 8: Rent PeriodMonth
  • Unit 8: Unit Description2 Bedroom
  • UtilitiesElectric, 220, Public Water, Public Sewer and Cable
  • Virtual TourYes
  • WaterfrontNo
  • Waterfront DetailsNone
  • Year Built1966
  • Zip Code33460
  • ZoningMF-30(

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