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512 S K Street, Lake Worth Beach, FL 33460 (MLS# R10908079)

512 S K Street, Lake Worth Beach, FL 33460

$320,000
Property Type: Residential Income Square Footage: 1,250 Status: Closed
Current Price: $320,000 List Date: 7/31/2023 Last Modified: 5/27/2026

Overview

Description

This is an extremely rare opportunity to buy an income producing Duplex East of Federal highway! I have both buildings for sale (Building 512 and Building 514), Each building is $399,900 Both buildings have a studio on the 1st floor and a 1 bedroom on the second floors. Both have different tax records. Building 512 is a duplex with a studio apartment on the first floor and a 1 bedroom on the second floor. Downstairs studio apartment is roughly 600 sqft, 1 bedroom upstairs is roughly 650 sqft. Roof is a flat roof and was resealed 1 year ago. 2 car spaces per a building. Total of 4 spaces between both buildings. Property is kept very nicely. Close to beautiful downtown and beaches. No rental restrictions! Take a look before it's too late.

Listing Details MLS# R10908079

General Property Information

Property Sub Type
Duplex
Building Area Main
1250
Building Area Source
Public Records
Living Area Main
1250
Year Built
1941
Gated Community YN
No
Lot Size Area
3375
Lot Size Acres
0.08
Lot Size Dimensions
25.0 ft x 135.0 ft
Senior Community YN
No
Stories
2
Pool Private YN
No

Property Features

Association Amenities: None Documents Available: Copy Of Lease(s) Exterior Features: None Flooring: Ceramic Tile Property Condition: Resale Tenant Pays: Cable TV; Electricity Source Of Expenses: Tax Return Construction Materials: Frame; Stucco Cooling: Wall/Window Unit(s) Heating: Window/Wall Listing Terms: Cash; Conventional Possession: Close Of Escrow; Negotiable Restrictions: No Restrictions Roof: Tar/Gravel Sewer: Public Sewer Special Information: Sold As-Is Storm Protection Details: None Tax Information: City/County Utilities: Sewer Available; Water Available View: Garden Water Access: None Water Source: Public Showing Requirements: Schedule Online Unit 1 Appliances: Range; Refrigerator Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Parking Space Unit 2 Appliances: Range; Refrigerator Unit 2 Parking Features: Parking Space Contingencies: Other Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
415000

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
512
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
Parcel Number
38434421151690110
Zoning
SF-R(c
Directions
Take 6th Ave S East past Federal Hwy after you pass Federal Hwy it is the second left onto S K Street property will be on the right hand side.

Financial Information

Tax Annual Amount
4210.91
Tax Year
2022
Tax Legal Description
TOWN OF LAKE WORTH LT 11 BLK 169

Status Change Information

Major Change Timestamp
2023-12-05T14:08:10Z
Major Change Type
Status Change
Price Change Timestamp
2023-09-11T18:50:09Z
Status Change Date
2023-12-05
Under Contract Date
2023-09-15
Close Date
2023-11-21
Close Price
320000
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
3200
Gross Income
32400
Net Operating Income
24700

Unit 1 Details

Actual Rent
1200
Baths Full
Yes
Furnished
Unfurnished
SqFt
600

Unit 2 Details

Actual Rent
1500
Baths Full
Yes
Furnished
Unfurnished
SqFt
650

Price Calculations

Current Price To SqFt
256
Original List Price To Close Price
1.29

Originating Details

Originating System Key
20230730180629377559000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Association Amenities

None
Yes

Exterior Features

None
Yes

Flooring

Ceramic Tile
Yes

Property Condition

Resale
Yes

Special Information

Sold As-Is
Yes

Documents Available

Copy Of Lease(s)
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes

Possession

Close Of Escrow
Yes
Negotiable
Yes

Sewer

Public Sewer
Yes

Utilities

Sewer Available
Yes
Water Available
Yes

View

Garden
Yes

Heating

Window/Wall
Yes

Water Access

None
Yes

Construction Materials

Frame
Yes
Stucco
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Roof

Tar/Gravel
Yes

Water Source

Public
Yes

Source Of Expenses

Tax Return
Yes

Cooling

Wall/Window Unit(s)
Yes

Showing Requirements

Schedule Online
Yes

Restrictions

No Restrictions
Yes

Storm Protection Details

None
Yes

Tax Information

City/County
Yes

Contingencies

Other
Yes

Unit 1 Appliances

Range
Yes
Refrigerator
Yes

Unit 1 Other Equipment

Air Conditioning Unit
Yes

Unit 1 Parking Features

Parking Space
Yes

Unit 2 Appliances

Range
Yes
Refrigerator
Yes

Unit 2 Parking Features

Parking Space
Yes

Acreage Description

Less Than 1/4 Acre Lot
Yes
Listing Office: Realty Home Advisors Inc
IDX
Last Updated: May - 27 - 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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