$1,600,000
0 ba · 3,920 sqft
4537 Coconut Road, Lake Worth, FL 33461
1 / 13
309 S Palmway, Lake Worth, FL 33460
$2,000,000— Beds— Baths4,032 Sq. Ft.$496 / sq. ft.
Lake Worth, FL 33460 · LAKE WORTH TOWN OF
Status
Active
Type
Quadruplex
Year Built
1964
Days on Market
1
MLS #
A12116601
About This Home
Kislak is pleased to present 309 South Palmway, an eight-unit multifamily investment opportunity in the highly desirable Bryant Park neighborhood of Lake Worth Beach, Florida. South Palmway is one of Lake Worth Beach’s most sought-after residential streets, prized for its established character, proximity to the Intracoastal Waterway and access to downtown. The property is just one block from Bryant Park and minutes from Downtown Lake Worth Beach and the Atlantic Ocean. The two-story property consists of eight one-bedroom/one-bathroom residences. 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.
Property Details
- Flooring
- Tile
- Heating
- Central
- Cooling
- Central Air
- Architectural Style
- Detached
- Property Condition
- Substantially Remodeled
Building & Association
- Building Name
- LAKE WORTH TOWN OF
- Stories
- 2
- Stories Total
- 2
- Association
- No
Lot & Construction
- Lot Features
- Less Than 1/4 Acre Lot
- Lot Size Square Feet
- 0
- Waterfront
- No
- View
- No
- Construction Materials
- Concrete Block Construction
- Roof
- Flat Roof With Facade Front
- New Construction
- No
Public Records
- Parcel Number
- 38434421151050110
- Tax Annual Amount
- $25,132
- Tax Year
- 2,026
- Zoning
- MF-20 (c
- County Or Parish
- Palm Beach County
Location
Courtesy of J.I. Kislak Realty Corp
