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401 2nd Avenue, Lake Worth Beach, FL 33460 (MLS# F10366490)

401 2nd Avenue, Lake Worth Beach, FL 33460

$620,000
Property Type: Residential Income Square Footage: 2,433 Status: Closed
Current Price: $620,000 List Date: 2/02/2023 Last Modified: 8/11/2026

Overview

Description

BACK ON THE MARKET BEST LOCATION IN LAKE WORTH, 1 block from downtown, walking distance from restaurants, entertainment, and intercoastal park. 10 min walking to the beach complex and the famous casino ballroom. Close to several schools. CASH COW WITH 6 UNITS. Divided into 3 buildings:1- 2 UNITS 1BED/1BATH EACH2- 2 UNITS SUITE/1BATH EACH3- 2 UNITS 1BED/1BATH EACHAll are always rented. Landlord pays for water, power, and gas. +-15 year roof, frame structure but on top of a concrete slab.NO SOLICITING OF ANY KIND WITH TENANTS.

Supplements: The total units are 6, I listed only 4 because there is not enough space for all of them.There are 3 duplexes:1- 2 UNITS 1BED/1BATH EACH2- 2 UNITS SUITE/1BATH EACH3- 2 UNITS 1BED/1BATH EACHUNIT 1-$1100UNIT 2-$950UNIT 3-$950UNIT 4-$1050 UNIT 5-$1050 UNIT 6-$1050

Listing Details MLS# F10366490

General Property Information

Number Of Units Total
4
Property Sub Type
Triplex
Living Area Main
2433
Year Built
1946
Gated Community YN
No
Outdoor Living Spaces YN
Yes
Stories Total
Yes
Pool Private YN
No
Spa YN
No
LP/Assessed Value
3.46

Property Features

Association Fee Includes: Electricity; Gas; Hot Water; Maintenance Grounds; Trash; Water Documents Available: Copy Of Lease(s); Deposit - Security Exterior Features: Other Flooring: Ceramic Tile Property Condition: Resale Construction Materials: Frame Cooling: Electric Heating: Natural Gas Listing Terms: Cash; Conventional Possession: Negotiable Roof: Composition; Shingle Sewer: Public Sewer Special Information: Sold As-Is Tax Information: City/County Utilities: Cable Not Available Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent; Showing Service Outdoor Living Spaces: Patio Unit 1 Appliances: Refrigerator Unit 1 Parking Features: On Street Unit 2 Appliances: Range Unit 2 Parking Features: On Street Unit 3 Appliances: Range Unit 4 Appliances: Refrigerator Contingencies: None Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
780000

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
401
Street Name
2nd
Street Suffix
Avenue
City Name
Lake Worth Beach
State Or Province
FL
Postal Code
33460
Postal Code +4
4201
Postal Zip
33460
Subdivision Name
Lake Worth Town
Area
5610
Geographic Area
PB30
Parcel Number
38434421150930090
Zoning
MU-E

Financial Information

Tax Annual Amount
7386
Tax Year
2021
Tax Assessed/SOH Value
208201
Tax Legal Description
TOWN OF LAKE WORTH LT 9 BLK 93
Assessor Market Value
208201

Status Change Information

Major Change Timestamp
2023-06-28T12:28:02Z
Major Change Type
Status Change
Price Change Timestamp
2023-05-10T15:42:30Z
Status Change Date
2023-07-22
Under Contract Date
2023-05-24
Close Date
2023-06-28
Close Price
620000
Buyer Financing
Cash

More Information

Co-Ownership

Property Management YN
No

Short Sale Details

Short Sale Addendum
No

Income and Expenses

Net Operating Income
52800
Operating Expense
21000
Gross Scheduled Income
73800

Unit 1 Details

Actual Rent
1050
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No

Unit 1 Lease Description

Currently Leased YN
Yes

Unit 2 Details

Actual Rent
1050
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No

Unit 2 Lease Description

Currently Leased YN
Yes

Unit 3 Details

Actual Rent
950
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No

Unit 3 Lease Description

Currently Leased YN
Yes

Unit 4 Details

Actual Rent
950
Baths Full
Yes
Efficiency YN
No
Furnished
Unfurnished
Hotel Room YN
No

Unit 4 Lease Description

Currently Leased YN
Yes

Concessions

Seller Concessions
No

Price Calculations

Current Price To SqFt
254.83
Original List Price To Close Price
0.79

Section Details

Parcel Number MLX
0090

Originating Details

Originating System Key
563346390
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
FLL

Association Fee Includes

Electricity
Yes
Gas
Yes
Hot Water
Yes
Maintenance Grounds
Yes
Sewer
Yes
Trash
Yes
Water
Yes

Exterior Features

Other
Yes

Flooring

Ceramic Tile
Yes

Property Condition

Resale
Yes

Special Information

Sold As-Is
Yes

Documents Available

Copy Of Lease(s)
Yes
Deposit - Security
Yes

Possession

Negotiable
Yes

Sewer

Public Sewer
Yes

Utilities

Cable Not Available
Yes

Heating

Natural Gas
Yes

Construction Materials

Frame
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Roof

Composition
Yes
Shingle
Yes

Water Source

Public
Yes

Cooling

Electric
Yes

Showing Requirements

Appointment Only
Yes
Call Listing Agent
Yes
Showing Service
Yes

Tax Information

City/County
Yes

Outdoor Living Spaces

Patio
Yes

Contingencies

None
Yes

Unit 1 Appliances

Refrigerator
Yes

Unit 1 Parking Features

On Street
Yes

Unit 2 Appliances

Range
Yes

Unit 2 Parking Features

On Street
Yes

Unit 3 Appliances

Range
Yes

Unit 4 Appliances

Refrigerator
Yes

Acreage Description

Less Than 1/4 Acre Lot
Yes
IDX
Listing Office: Homepoint Inc
Last Updated: August - 11 - 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.
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