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509 N K Street, Lake Worth Beach, FL 33460 (MLS# R10163633)

509 N K Street, Lake Worth Beach, FL 33460

$135,000
Property Type: Residential Income Square Footage: 1,370 Status: Closed
Current Price: $135,000 List Date: 8/30/2015 Last Modified: 5/21/2026

Overview

Description

The availability of multi-family buildings available for sale in Lake Worth is perpetually scarce. The existence of Spanish Mission architecture within our beloved city is rare too. This property, amazingly, is BOTH! Legal duplex (2 rental units) with authentic historic charm! Most importantly, a location walking distance to Lake Worth's downtown strip, Lake Ave! The magical mixture of highly valuable components important to lucrative real estate investment... All here! Because both rental units are large, this fully rented duplex's income approaches the level many triplexes are earning. Front off-street parking, and a deep backyard are useful perks appreciated by the tenants. Recent enhancements, including ceramic tile floors and electrical upgrades, are aspects you'll applaud.

Listing Details MLS# R10163633

General Property Information

Number Of Units Total
2
Property Sub Type
Duplex
Building Area Main
1370
Building Area Source
Public Records
Living Area Main
1370
Year Built
1925
Senior Community YN
No
Stories
2
Pool Private YN
No

Property Features

Association Amenities: None Documents Available: None Exterior Features: None Flooring: Ceramic Tile; Vinyl Tenant Pays: Electricity Source Of Expenses: Owner Provided Construction Materials: Frame; Stucco Cooling: Wall/Window Unit(s) Heating: None Listing Terms: Cash; Conventional; FHA Lot Features: Interior Lot Possession: Close Of Escrow Restrictions: No Restrictions Roof: Composition Sewer: Public Sewer Special Information: Sold As-Is Tax Information: City/County Utilities: Electricity Available; Sewer Available; Water Available Water Access: None Water Source: Public Showing Requirements: 24 Hour Notice; Listing Agent Must Accompany; See Remarks Unit 1 Appliances: Range; Refrigerator Unit 1 Parking Features: Parking Space Unit 2 Appliances: Range; Refrigerator Unit 2 Parking Features: Parking Space Contingencies: Inspection; Other

Contract Information

Comp Sale YN
No
Original List Price
140000

Location and Legal

County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
509
Street Direction Prefix
N
Street Name
K
Street Suffix
Street
City Name
Lake Worth Beach
State Or Province
FL
Postal Code
33460
Postal Zip
33460
Subdivision Name
Town of Lake Worth
Area
5600
Geographic Area
PB16
Parcel Number
38434421151520280
Zoning
SFTF14
Directions
Take Lake Avenue to North K Street and turn North. Property is on West side of the street.

Financial Information

Tax Annual Amount
2550.89
Tax Year
2014
Tax Legal Description
Town of Lake Worth Lt 28 Blk 152

Status Change Information

Major Change Timestamp
2015-12-04T23:24:13Z
Major Change Type
Status Change
Status Change Date
2015-12-04
Under Contract Date
2015-10-05
Close Date
2015-12-04
Close Price
135000
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

Gross Income
19140
Annual Total Expense
0

Unit 1 Details

Actual Rent
715
Baths Full
Yes
Furnished
Unfurnished
SqFt
685

Unit 2 Details

Actual Rent
880
Baths Full
Yes
Furnished
Unfurnished
SqFt
685

Price Calculations

Current Price To SqFt
98.54
Original List Price To Close Price
1.03

Originating Details

Originating System Key
20150830225630923746000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Association Amenities

None
Yes

Exterior Features

None
Yes

Flooring

Ceramic Tile
Yes
Vinyl
Yes

Special Information

Sold As-Is
Yes

Documents Available

None
Yes

Tenant Pays

Electricity
Yes

Possession

Close Of Escrow
Yes

Sewer

Public Sewer
Yes

Utilities

Electricity Available
Yes
Sewer Available
Yes
Water Available
Yes

Heating

None
Yes

Water Access

None
Yes

Construction Materials

Frame
Yes
Stucco
Yes

Listing Terms

Cash
Yes
Conventional
Yes
FHA
Yes

Lot Features

Interior Lot
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
Listing Agent Must Accompany
Yes
See Remarks
Yes

Restrictions

No Restrictions
Yes

Tax Information

City/County
Yes

Contingencies

Inspection
Yes
Other
Yes

Unit 1 Appliances

Range
Yes
Refrigerator
Yes

Unit 1 Parking Features

Parking Space
Yes

Unit 2 Appliances

Range
Yes
Refrigerator
Yes

Unit 2 Parking Features

Parking Space
Yes

Unit 3 Details

Actual Rent
0
SqFt
0

Unit 4 Details

Actual Rent
0
SqFt
0
Listing Office: Southdale Properties Inc.
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.

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