Main Content

216 S B Street, Lake Worth Beach, FL 33460 (MLS# R10381206)

216 S B Street, Lake Worth Beach, FL 33460

$140,000
Property Type: Residential Income Square Footage: 1,272 Status: Closed
Current Price: $140,000 List Date: 11/10/2017 Last Modified: 5/21/2026

Overview

Description

Investors Investors! Rented two unit income producer in Downtown Lake Worth. NOI $12,276 after $3564 in expenses making this place earn a healthy 9% cap rate.

Listing Details MLS# R10381206

General Property Information

Number Of Units Total
2
Property Sub Type
Duplex
Building Area Main
1272
Building Area Source
Public Records
Living Area Main
1120
Year Built
1952
Lot Size Area
6750
Lot Size Acres
0.15
Lot Size Dimensions
50.0 ft x 135.0 ft
Senior Community YN
No
Stories
Yes
Pool Private YN
No

Property Features

Documents Available: Deposit - Last Months Rent; Deposit - Security Electric: Three Phase Exterior Features: Awning(s); None Flooring: Ceramic Tile Property Condition: Resale Tenant Pays: Cable TV; Electricity; Gas; Water Source Of Expenses: Owner Provided Construction Materials: Frame Cooling: Wall/Window Unit(s) Heating: None Laundry Features: Outside; Washer Hookup; Dryer Hookup Listing Terms: Cash; Conventional Possession: Close Of Escrow Restrictions: No Restrictions Roof: Composition Sewer: Public Sewer Tax Information: City/County Utilities: Sewer Available; Water Available Water Access: None Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Occupied; Text Listing Agent Occupant Details: Tenant Occupied Unit 1 Appliances: Dryer; Range; Refrigerator; Washer Unit 1 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 1 Parking Features: On Street Unit 1 Rooms: Kitchen; Laundry Room Unit 2 Appliances: Dryer; Range; Refrigerator; Washer Unit 2 Other Equipment: Air Conditioning Unit; Smoke Detector(s) Unit 2 Parking Features: On Street Unit 2 Rooms: Kitchen; Laundry Room Contingencies: None Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
145000

Location and Legal

County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
216
Street Direction Prefix
S
Street Name
B
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
5630
Geographic Area
PB16
Parcel Number
38434421150710040
Zoning
SF-7(c
Directions
From 6th Ave South and 95, head East to A Street, North to 3rd Ave South, East to B Street, North to 216.

Financial Information

Tax Annual Amount
2123.72
Tax Year
2016
Tax Legal Description
TOWN OF LAKE WORTH LT 4 BLK 71

Status Change Information

Major Change Timestamp
2018-01-10T16:28:49Z
Major Change Type
Status Change
Status Change Date
2018-01-10
Under Contract Date
2017-11-14
Close Date
2018-01-09
Close Price
140000
Buyer Financing
Cash

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
3564
Gross Income
15840
Net Operating Income
12276

Unit 1 Details

Actual Rent
650
Baths Full
Yes
Furnished
Unfurnished
SqFt
560

Unit 2 Details

Actual Rent
670
Baths Full
Yes
Furnished
Unfurnished
SqFt
560

Price Calculations

Current Price To SqFt
125
Original List Price To Close Price
1.03

Originating Details

Originating System Key
20171025125134512955000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Electric

Three Phase
Yes

Exterior Features

Awning(s)
Yes
None
Yes

Flooring

Ceramic Tile
Yes

Property Condition

Resale
Yes

Documents Available

Deposit - Last Months Rent
Yes
Deposit - Security
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes
Gas
Yes
Water
Yes

Possession

Close Of Escrow
Yes

Sewer

Public Sewer
Yes

Utilities

Sewer Available
Yes
Water Available
Yes

Heating

None
Yes

Water Access

None
Yes

Construction Materials

Frame
Yes

Laundry Features

Outside
Yes
Washer Hookup
Yes
Dryer Hookup
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Roof

Composition
Yes

Water Source

Public
Yes

Source Of Expenses

Owner Provided
Yes

Cooling

Wall/Window Unit(s)
Yes

Showing Requirements

24 Hour Notice
Yes
Appointment Only
Yes
Call Listing Agent
Yes
Occupied
Yes
Text Listing Agent
Yes

Restrictions

No Restrictions
Yes

Tax Information

City/County
Yes

Occupant Details

Tenant Occupied
Yes

Contingencies

None
Yes

Unit 1 Appliances

Dryer
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Unit 1 Other Equipment

Air Conditioning Unit
Yes
Smoke Detector(s)
Yes

Unit 1 Parking Features

On Street
Yes

Unit 1 Rooms

Kitchen
Yes
Laundry Room
Yes

Unit 2 Appliances

Dryer
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Unit 2 Other Equipment

Air Conditioning Unit
Yes
Smoke Detector(s)
Yes

Unit 2 Parking Features

On Street
Yes

Unit 2 Rooms

Kitchen
Yes
Laundry Room
Yes

Unit 3 Details

Actual Rent
0
SqFt
0

Unit 4 Details

Actual Rent
0
SqFt
0

Acreage Description

Less Than 1/4 Acre Lot
Yes
Listing Office: Re/Max Prestige Realty/LWB
IDX
Last Updated: May - 21 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

Skip to content