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506 S M St

Lake Worth Beach, FL 33460

– beds
– baths
1,728 sqft
$827 per sqft
1925 build
– on site

Incredible investment opportunity! Currently bringing in $155k in annual gross revenue! Nestled on the peaceful M Street, this two-story building presents an excellent investment opportunity with four well-appointed apartments. Property sold turn-key furnished (including bedding, towels, appliances, cleaning supplies, and kitchenware) ready for move-in or for short term renting. The property includes: One 1-bedroom/ 1-bath apartment, One 2-bedroom/ 1 bath apartment, Two studio apartments with 1 bath each. This property boasts high visibility and easy accessibility, ensuring a steady flow of short- and long-term tenants.

Listing courtesy of GFLR / The Keyes Company

Last checked: Checking… • Last updated Nov 4, 2024 •

MLS# F10465638 —

The Building

Year Built:

1925
Year Built Description:

Resale
Construction Type:

Concrete Block Construction, Other Construction
Style:

Fourplex
Roof Description:

Other Roof
Exterior Features:

Fence, Patio
Unit Count:

5
# of Stories:

2

Interior

Floor Description:

Other Floors

Room Dimensions

SqFt Living Room Area:

1,728 Sqft

Financial & Terms

Terms Considered:

Cash, Conventional

Location

Directions:

From North/South on Federal Hwy, left on 6th Ave S, make a right on S M St. Property is located on the right on approach to h Ave S.

The Property

Type of Property:

Fourplex
Property Type:

Residential Income
Property Type Information:

Attached
Parcel Number:

38434427010010080
Lot Description:

Less Than 1/4 Acre Lot
Zoning:

SFR
Geographic Area:

Palm Beach 5600; 5610; 5620; 5630; 5640
Waterfront Property:

No

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Amount:

$9,677
Tax Information:

Tax Reflects No Exemptions

The Listing

Virtual Tour
Information Available:

None
Auction:

No

Heating & Cooling

Cooling Description:

Electric Cooling
Heating Description:

Electric Heat

Utilities

Sewer Description:

Other Sewer
Internet:

Yes
Cable Available:

Yes
Separate Meter:

No

The Community

Subdivision Name:

Lake Worth Town Add 01
Subdivision Complex Bldg:

Lake Worth Town Add 01
Gated Community:

No
Water Access:

None
Pool:

No

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
10/10/24 Oct 10, 2024	Listed / Active	GFLR	$1,429,774
8/2/24 Aug 2, 2024	Listed / Active	BMLS
8/22/19 Aug 22, 2019	Sold	BMLS

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This multifamily located in South Palm Park, Lake Worth Beach, FL 33460 is currently for sale for $1,429,774. 506 S M St is a 1,728 square foot multifamily with – beds and – baths that has been on Estately for 45 days. 506 S M St is in the South Palm Park neighborhood of Lake Worth Beach and has a WalkScore® of 77, making it very walkable.

Listing Courtesy of: GFLR and The Keyes Company.

Based on information from the GFLR 2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. GFLR, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GFLR and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.