309 S Palmway Lake Worth, FL 33460
4,032 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,032 sqft
Price per Sqft $496
Subdivision Lake Worth Town Of
MLS Listing ID A12116601
Style Fourplex
HOA Y/N No
Year Built 1964
Annual Tax Amount $25,132
Tax Year 2026
Property Sub-Type Quadruplex
Property Description
Recent capital improvements include a new roof, impact-resistant windows and doors, and complete exterior painting. Amenities include private patios and storage sheds for the four first-floor residences, a detached CBS laundry building with coin-operated washer and dryer, and nine designated, lighted on-site parking spaces.
The offering provides investors an opportunity to acquire a well-maintained multifamily asset with significant rental upside. Current rents range from $1,400 to $1,615 per month, compared with projected market rents of $1,800 per unit, representing approximately $29,520 in potential additional annual base rental income. The property's premier South Palmway location, recent improvements and rental upside present a compelling investment opportunity in one of Palm Beach County's desirable coastal markets.
Location
State FL
County Palm Beach
Community Lake Worth Town Of
Area 5560
Zoning MF-20 (c
Interior
Heating Central
Cooling Central Air
Flooring Laminate, Tile
Exterior
Pool None
Utilities Available Cable Available
Roof Type Flat
Total Parking Spaces 9
Private Pool No
Building
Lot Description Flood Zone, < 1/4 Acre
Story 2
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Others
Tax ID 38434421151050110
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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