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107 S K Street, Lake Worth Beach, FL 33460 (MLS# R11031752)

107 S K Street, Lake Worth Beach, FL 33460

$715,000

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https://www.propertypanorama.com/107-S-K-Street-Lake-Worth-Beach-FL-33460/unbranded

Property Type: Residential Income Square Footage: 2,691 Status: Closed

Current Price: $715,000 List Date: 10/26/2024 Last Modified: 5/16/2026

Overview

Description

MUST SEE! Triplex in Prime Lake Worth Beach location! This stunning property is just one block from Lake Avenue—walk to everything you need! Property is turnkey condition: All three units boast spacious floor plans and are beautifully maintained. Each unit has separate water, electric, and gas meters. Roof replaced in 2016 for peace of mind. The front unit is ideal for an owner-occupant, short-term rental, or annual lease. Sellers are willing to leave it vacant for the new owner's choice. This Investment is a strong! When fully occupied, the property offers a robust 7% cap rate at the asking price! Opportunities like this don't come around often! Schedule your showing today!

Listing Details MLS# R11031752

General Property Information

Number Of Units Total: 3
Property Sub Type: Triplex
Building Area Main: 2691
Building Area Source: Public Records
Living Area Main: 2496
Year Built: 1925
Gated Community YN: No
Lot Size Area: 6750
Lot Size Acres: 0.15
Lot Size Dimensions: 50 Ft. x 135 Ft.
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories: 2
Pool Private YN: No
Spa YN: No

Property Features

Association Amenities: None Documents Available: Investment Analysis Electric: Three Phase Fencing: Fenced Flooring: Tile; Wood Property Condition: Resale Structure Type: Triplex Tenant Pays: Cable TV; Electricity; Gas; Sewer; Water Source Of Expenses: Pro Forma Construction Materials: Frame; Stucco Cooling: Ceiling Fan(s); Central Air; Wall/Window Unit(s) Heating: Central; None Listing Terms: Cash; Conventional; FHA; VA Loan Lot Features: Room for Pool Possession: Close Of Escrow; Negotiable Restrictions: No Restrictions Roof: Composition Sewer: Public Sewer Special Information: Sold As-Is Tax Information: County Only; Lake Worth Drain District Utilities: Cable Available; Natural Gas Available; Sewer Available; Water Available View: Garden Water Access: None Water Source: Public Window Features: Single Hung Metal Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Listing Agent Must Accompany Outdoor Living Spaces: Patio; Porch Patio Details: Patio - Open; Patio - Screened Porch Details: Porch - Open; Porch - Screened Unit 1 Appliances: Dishwasher; Microwave; Range; Refrigerator Unit 1 Interior Features: French Doors; Split Bedroom Plan; Walk-In Closet(s) Unit 1 Other Equipment: Air Conditioning Unit; Washer/Dryer Hookups Unit 1 Parking Features: Open Parking Unit 1 Rooms: Family Room; Kitchen; Laundry Room; Utility Room Unit 2 Appliances: Range; Refrigerator; Washer Unit 2 Interior Features: Split Bedroom Plan Unit 2 Other Equipment: Air Conditioning Unit; Washer/Dryer Hookups Unit 2 Parking Features: Parking Space Unit 2 Rooms: Family Room; Kitchen; Laundry Room; Utility Room Unit 3 Appliances: Range; Refrigerator; Washer Unit 3 Interior Features: Split Bedroom Plan Unit 3 Other Equipment: Air Conditioning Unit; Washer/Dryer Hookups Unit 3 Parking Features: Parking Space Unit 3 Rooms: Family Room; Kitchen; Laundry Room; Utility Room Contingencies: Backup Contract/Call LA Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 730000

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 107
Street Direction Prefix: S
Street Name: K
Street Suffix: Street
City Name: Lake Worth Beach
State Or Province: FL
Postal Code: 33460
Postal Zip: 33460
Subdivision Name: LAKE WORTH TOWN OF
Area: 5610
Geographic Area: PB16
Special Assessment YN: No
Parcel Number: 38434421150490200
Zoning: MF-30
Directions: Dixie Highway to Lake Ave. Head East on Lake Have. Park on Lake Ave Close to South K Street. Enjoy lovely 1 block walk to property on West side of K Street.
Multiple Offers Accepted: No

Financial Information

Tax Annual Amount: 11388
Tax Year: 2023
Tax Legal Description: TOWN OF LAKE WORTH LTS 20 & 21 BLK 49

Status Change Information

Major Change Timestamp: 2024-12-31T16:18:25Z
Major Change Type: Status Change
Status Change Date: 2024-12-31
Under Contract Date: 2024-11-06
Close Date: 2024-12-30
Close Price: 715000
Buyer Financing: Conventional

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: 22668
Gross Income: 75600
Net Operating Income: 52932

Storm Protection

Panel Shutters: Partial

Showing Details

Pet(s) on Premises: Yes

Unit 1 Details

Baths Full: Yes
Furnished: Unfurnished
SqFt: 800
Actual Rent: 0

Unit 2 Details

Actual Rent: 1800
Baths Full: Yes
Furnished: Unfurnished
SqFt: 848

Unit 3 Details

Actual Rent: 1800
Baths Full: Yes
SqFt: 848

Price Calculations

Current Price To SqFt: 286.45
Original List Price To Close Price: 1.02

Originating Details

Originating System Key: 20241027200925956092000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Association Amenities

None: Yes

Electric

Three Phase: Yes

Flooring

Tile: Yes
Wood: Yes

Property Condition

Resale: Yes

Special Information

Sold As-Is: Yes

Documents Available

Investment Analysis: Yes

Fencing

Fenced: Yes

Structure Type

Triplex: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Gas: Yes
Sewer: Yes
Water: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes
Natural Gas Available: Yes
Sewer Available: Yes
Water Available: Yes

View

Garden: Yes

Heating

Central: Yes
None: Yes

Water Access

None: Yes

Window Features

Single Hung Metal: Yes

Construction Materials

Frame: Yes
Stucco: Yes

Listing Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA Loan: Yes

Lot Features

Room for Pool: Yes

Roof

Composition: Yes

Water Source

Public: Yes

Source Of Expenses

Pro Forma: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Wall/Window Unit(s): Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes
Call Listing Agent: Yes
Listing Agent Must Accompany: Yes

Restrictions

No Restrictions: Yes

Tax Information

County Only: Yes
Lake Worth Drain District: Yes

Outdoor Living Spaces

Patio: Yes
Porch: Yes

Patio Details

Patio - Open: Yes
Patio - Screened: Yes

Porch Details

Porch - Open: Yes
Porch - Screened: Yes

Contingencies

Backup Contract/Call LA: Yes

Unit 1 Appliances

Dishwasher: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Interior Features

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

Unit 1 Other Equipment

Air Conditioning Unit: Yes
Washer/Dryer Hookups: Yes

Unit 1 Parking Features

Open Parking: Yes

Unit 1 Patio/Porch

Patio/Porch: Yes

Unit 1 Rooms

Family Room: Yes
Kitchen: Yes
Laundry Room: Yes
Utility Room: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Interior Features

Split Bedroom Plan: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes
Washer/Dryer Hookups: Yes

Unit 2 Parking Features

Parking Space: Yes

Unit 2 Patio/Porch

Patio/Porch: Yes
Screened Porch: Yes

Unit 2 Rooms

Family Room: Yes
Kitchen: Yes
Laundry Room: Yes
Utility Room: Yes

Unit 3 Appliances

Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 3 Interior Features

Split Bedroom Plan: Yes

Unit 3 Other Equipment

Air Conditioning Unit: Yes
Washer/Dryer Hookups: Yes

Unit 3 Parking Features

Parking Space: Yes

Unit 3 Rooms

Family Room: Yes
Kitchen: Yes
Laundry Room: Yes
Utility Room: Yes

Acreage Description

Less Than 1/4 Acre Lot: Yes

Listing Office: CPRE Organization Inc

Last Updated: May - 16 - 2026

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107 S K Street, Lake Worth Beach, FL 33460 (MLS# R11031752)