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1202 S N Street 1, Lake Worth Beach, FL 33460 (MLS# R10664235)

1202 S N Street 1, Lake Worth Beach, FL 33460

$385,000

Property Type: Residential Income Square Footage: 2,328 Status: Closed

Current Price: $385,000 List Date: 10/18/2020 Last Modified: 5/17/2026

Overview

Description

Own a piece of the tropics in historical, trendy Lake Worth Beach before its gentrified beyond reach. This is a unique multi unit property, each unit has two parking spaces inside the grounds, each unit has its own private yard area for grilling or enjoying refreshments> Located a few blocks from Bryant park on the intracoastal a skip and a hop from Lake Worth's beach on the island and a leisurely walk from downtown's restaurants, bars and shops. Southward, Lantana beach is minutes away with its restaurants and attractions. This is a unique property in a rapidly developing area, LW Beach is one of the trendiest and last remaining affordable beach towns in South Florida. Great income producing investment with a valuable future.

Listing Details MLS# R10664235

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 2328
Building Area Source: Public Records
Living Area Main: 1812
Year Built: 1940
Gated Community YN: No
Lot Size Area: 6750
Lot Size Acres: 0.15
Lot Size Dimensions: 50.0 ft x 135.0 ft
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories: Yes
Pool Private YN: No

Property Features

Association Amenities: Boating; Golf Course; Jogging Path Documents Available: Copy Of Lease(s); Deposit - Security Electric: Three Phase Fencing: Fenced Flooring: Carpet; Ceramic Tile; Tile Property Condition: Resale Tenant Pays: Cable TV; Electricity Source Of Expenses: Owner Provided; Other Construction Materials: Fiber Cement; Frame Cooling: Wall/Window Unit(s) Heating: Other Listing Terms: Cash; Conventional; FHA Lot Features: Corner Lot; Room for Pool Other Equipment: Fuel Tank(s) Possession: Close Of Escrow Restrictions: No Restrictions Roof: Composition; Tar/Gravel Sewer: Public Sewer Special Information: Sold As-Is Tax Information: City/County; Lake Worth Drain District Utilities: Cable Available; Sewer Available; Water Available View: Other Water Access: None Water Source: Public Window Features: Blinds Showing Requirements: Appointment Only; Call Listing Agent; Text Listing Agent Outdoor Living Spaces: Patio; Porch Patio Details: Patio - Open Porch Details: Porch - Open Unit 1 Appliances: Microwave; Range; Refrigerator Unit 1 Other Equipment: Air Conditioning Unit; Window Coverings Unit 1 Parking Features: Parking Space Unit 1 Rooms: Kitchen Unit 2 Appliances: Range; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Parking Space Unit 3 Appliances: Range; Refrigerator Unit 3 Other Equipment: Air Conditioning Unit Unit 3 Parking Features: Parking Space Unit 3 Rooms: Kitchen Unit 4 Appliances: Range; Refrigerator Unit 4 Other Equipment: Air Conditioning Unit Unit 4 Parking Features: Parking Space Unit 4 Rooms: Kitchen Contingencies: None Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 420000

Location and Legal

County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 1202
Street Direction Prefix: S
Street Name: N
Street Suffix: Street
Unit Number: Yes
City Name: Lake Worth Beach
State Or Province: FL
Postal Code: 33460
Postal Zip: 33460
Subdivision Name: LAKE WORTH TOWN OF ADD 1
Development Name: LAKE WORTH
Area: 5610
Geographic Area: PB16
Special Assessment YN: No
Parcel Number: 38434427010570080
Zoning: SF-7(c
Directions: From I95 take 6th Ave S exit toward the beach, drive East past Dixie Hwy to Federal, turn left to 12th Ave S, Turn left to property on the right.
Multiple Offers Accepted: Yes

Financial Information

Tax Annual Amount: 5051.8
Tax Year: 2020
Tax Legal Description: ADD 1 TO TOWN OF LAKE WORTH LT 8 BLK 57

Status Change Information

Major Change Timestamp: 2020-12-20T21:27:08Z
Major Change Type: Status Change
Status Change Date: 2020-12-20
Under Contract Date: 2020-10-18
Close Date: 2020-12-17
Close Price: 385000
Buyer Financing: Conventional

More Information

Meter Information

Separate Electric Meters YN: Yes
Separate Water Meters YN: No

Short Sale Details

Short Sale Addendum: No

Income and Expenses

Annual Total Expense: 15000
Gross Income: 47400
Net Operating Income: 32400

Showing Details

Pet(s) on Premises: Yes

Unit 1 Details

Actual Rent: 1200
Baths Full: Yes
Furnished: Unfurnished
SqFt: 500

Unit 1 Lease Description

Lease Expiration: 2021-10-31

Unit 1 Parking Details

Carport YN: Yes
Attached Carport YN: No

Unit 2 Details

Actual Rent: 900
Baths Full: Yes
Efficiency YN: Yes
Furnished: Unfurnished
SqFt: 300

Unit 2 Lease Description

Lease Expiration: 2021-10-31

Unit 3 Details

Actual Rent: 1100
Baths Full: Yes
Furnished: Unfurnished
SqFt: 500

Unit 3 Lease Description

Lease Expiration: 2021-08-31

Unit 4 Details

Actual Rent: 750
Baths Full: Yes
Furnished: Unfurnished
SqFt: 500

Unit 4 Lease Description

Lease Expiration: 2020-12-31

Price Calculations

Current Price To SqFt: 212.47
Original List Price To Close Price: 1.09

Originating Details

Originating System Key: 20201017235457278338000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Association Amenities

Boating: Yes
Golf Course: Yes
Jogging Path: Yes

Electric

Three Phase: Yes

Flooring

Carpet: Yes
Ceramic Tile: Yes
Tile: Yes

Property Condition

Resale: Yes

Special Information

Sold As-Is: Yes

Documents Available

Copy Of Lease(s): Yes
Deposit - Security: Yes

Fencing

Fenced: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes
Sewer Available: Yes
Water Available: Yes

View

Other: Yes

Heating

Other: Yes

Water Access

None: Yes

Window Features

Blinds: Yes

Construction Materials

Fiber Cement: Yes
Frame: Yes

Listing Terms

Cash: Yes
Conventional: Yes
FHA: Yes

Lot Features

Corner Lot: Yes
Room for Pool: Yes

Other Equipment

Fuel Tank(s): Yes

Roof

Composition: Yes
Tar/Gravel: Yes

Water Source

Public: Yes

Source Of Expenses

Owner Provided: Yes
Other: Yes

Cooling

Electric: Yes
Wall/Window Unit(s): Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes
Text Listing Agent: Yes

Restrictions

No Restrictions: Yes

Tax Information

City/County: Yes
Lake Worth Drain District: Yes

Outdoor Living Spaces

Patio: Yes
Porch: Yes

Patio Details

Patio - Open: Yes

Porch Details

Porch - Open: Yes

Contingencies

None: Yes

Unit 1 Appliances

Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes
Window Coverings: Yes

Unit 1 Parking Features

Parking Space: Yes

Unit 1 Patio/Porch

Patio/Porch: Yes

Unit 1 Rooms

Kitchen: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes

Unit 2 Parking Features

Parking Space: Yes

Unit 2 Patio/Porch

Patio/Porch: Yes

Unit 3 Appliances

Range: Yes
Refrigerator: Yes

Unit 3 Other Equipment

Air Conditioning Unit: Yes

Unit 3 Parking Features

Parking Space: Yes

Unit 3 Patio/Porch

Patio/Porch: Yes

Unit 3 Rooms

Kitchen: Yes

Unit 4 Appliances

Range: Yes
Refrigerator: Yes

Unit 4 Other Equipment

Air Conditioning Unit: Yes

Unit 4 Parking Features

Parking Space: Yes

Unit 4 Patio/Porch

Patio/Porch: Yes

Unit 4 Rooms

Kitchen: Yes

Acreage Description

Less Than 1/4 Acre Lot: Yes

Listing Office: Bellaggio Real Estate Group

Last Updated: May - 17 - 2026

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1202 S N Street 1, Lake Worth Beach, FL 33460 (MLS# R10664235)