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524 N L Street, Lake Worth Beach, FL 33460 (MLS# R10222385)

524 N L Street, Lake Worth Beach, FL 33460

$325,000

Property Type: Residential Income Square Footage: 2,352 Status: Closed

Current Price: $325,000 List Date: 6/20/2016 Last Modified: 5/17/2026

Overview

Description

Nice income producing 4-plex with one single family with 3 studio apartments detached. Coin laundry on property. Very good rental history and area. Area has lots of potential to move price up and rents upwards. Walking distance to downtown and beaches. College near by and property brings in -+$3600 monthly. Live in house and rent out the 3 studios or keep renting all units.

Listing Details MLS# R10222385

General Property Information

Number Of Units Total: 4
Property Sub Type: Quadruplex
Building Area Main: 2352
Building Area Source: Public Records
Living Area Main: 2247
Year Built: 1940
Lot Size Area: 10125
Lot Size Acres: 0.23
Lot Size Dimensions: 75.0 ft x 135.0 ft
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories: Yes
Pool Private YN: No

Property Features

Association Amenities: Laundry; None Association Fee Includes: Pest Control; Water Documents Available: Copy Of Lease(s); Deposit - Security; Deposit Held Fencing: Fenced Flooring: Carpet; Ceramic Tile; Terrazzo; Wood Property Condition: Resale Tenant Pays: Cable TV; Electricity Source Of Expenses: Owner Provided; Other Construction Materials: CBS; Concrete Cooling: Ceiling Fan(s); Wall/Window Unit(s) Heating: Central; Electric; Window/Wall Listing Terms: Cash; Conventional; FHA; VA Loan Possession: Close Of Escrow; Negotiable Restrictions: No Restrictions Roof: Composition Sewer: Public Sewer Special Information: Sold As-Is Tax Information: Lake Worth Drain District; No Homestead Utilities: Cable Available; Electricity Available; Sewer Available; Water Available Water Access: None Water Source: Public Window Features: Blinds; Tinted Windows Showing Requirements: 24 Hour Notice; Call Listing Office; Occupied Occupant Details: Tenant Occupied Outdoor Living Spaces: Patio Patio Details: Patio - Open Unit 1 Appliances: Dishwasher; Disposal; Microwave; Range; Refrigerator; Washer Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Open Parking; Parking Space Unit 1 Rooms: Kitchen Unit 2 Appliances: Range; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Open Parking; Parking Space Unit 2 Rooms: Kitchen Unit 3 Appliances: Dishwasher; Range; Refrigerator Unit 3 Other Equipment: Air Conditioning Unit Unit 3 Parking Features: Open Parking; Parking Space Unit 3 Rooms: Kitchen Unit 4 Appliances: Range; Refrigerator Unit 4 Other Equipment: Air Conditioning Unit Unit 4 Parking Features: Open Parking; Parking Space Unit 4 Rooms: Kitchen Contingencies: Inspection; Insurance Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 359900

Location and Legal

County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 524
Street Direction Prefix: N
Street Name: L
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: 5600
Geographic Area: PB16
Elementary School: North Grade K-8
Middle Or Junior School: Lake Worth
High School: Lake Worth
Special Assessment YN: No
Parcel Number: 38434421151560110
Zoning: SF-TF-
Directions: Take I95 north to 10th Ave, exit east to Federal Hwy go south to 6th Ave and head to N ''L'' street make left to address on left.
Multiple Offers Accepted: No

Financial Information

Tax Annual Amount: 5606.35
Tax Year: 2015
Tax Legal Description: TOWN OF LAKE WORTH LTS 11 TO 13 INC BLK 156

Status Change Information

Major Change Timestamp: 2016-07-16T00:36:34Z
Major Change Type: Status Change
Status Change Date: 2016-07-15
Under Contract Date: 2016-06-29
Close Date: 2016-07-15
Close Price: 325000
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: 14500
Gross Income: 42000
Net Operating Income: 27500

Showing Details

Pet(s) on Premises: Yes

Unit 1 Details

Actual Rent: 1350
Baths Full: Yes
Furnished: Unfurnished
SqFt: 1167

Unit 1 Lease Description

Lease Expiration: 2016-11-15

Unit 2 Details

Actual Rent: 675
Baths Full: Yes
Efficiency YN: Yes
Furnished: Unfurnished
SqFt: 400

Unit 2 Lease Description

Lease Expiration: 2017-02-28

Unit 3 Details

Actual Rent: 675
Baths Full: Yes
Furnished: Unfurnished
SqFt: 400

Unit 3 Lease Description

Lease Expiration: 2016-12-30

Unit 4 Details

Actual Rent: 650
Baths Full: Yes
Efficiency YN: Yes
Furnished: Unfurnished
SqFt: 400

Price Calculations

Current Price To SqFt: 144.63
Original List Price To Close Price: 1.1

Originating Details

Originating System Key: 20160404164541077475000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Application Fee Details

Application Fee: 0

Association Amenities

Laundry: Yes
None: Yes

Association Fee Includes

Pest Control: Yes
Sewer: Yes
Water: Yes

Flooring

Carpet: Yes
Ceramic Tile: Yes
Terrazzo: Yes
Wood: Yes

Property Condition

Resale: Yes

Special Information

Sold As-Is: Yes

Documents Available

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

Fencing

Fenced: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes

Sewer

Public Sewer: Yes

Utilities

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

Heating

Central: Yes
Electric: Yes
Window/Wall: Yes

Water Access

None: Yes

Window Features

Blinds: Yes
Tinted Windows: Yes

Construction Materials

CBS: Yes
Concrete: Yes

Listing Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA Loan: Yes

Roof

Composition: Yes

Water Source

Public: Yes

Source Of Expenses

Owner Provided: Yes
Other: Yes

Cooling

Ceiling Fan(s): Yes
Wall/Window Unit(s): Yes

Showing Requirements

24 Hour Notice: Yes
Call Listing Office: Yes
Occupied: Yes

Restrictions

No Restrictions: Yes

Tax Information

Lake Worth Drain District: Yes
No Homestead: Yes

Occupant Details

Tenant Occupied: Yes

Outdoor Living Spaces

Patio: Yes

Patio Details

Patio - Open: Yes

Contingencies

Inspection: Yes
Insurance: Yes

Unit 1 Appliances

Dishwasher: Yes
Disposal: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes

Unit 1 Parking Features

Open Parking: Yes
Parking Space: 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

Open Parking: Yes
Parking Space: Yes

Unit 2 Rooms

Kitchen: Yes

Unit 3 Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Unit 3 Other Equipment

Air Conditioning Unit: Yes

Unit 3 Parking Features

Open Parking: Yes
Parking Space: 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

Open Parking: Yes
Parking Space: Yes

Unit 4 Rooms

Kitchen: Yes

Acreage Description

Less Than 1/4 Acre Lot: Yes

Listing Office: Patti Chung-Sheldon LLC

Last Updated: May - 17 - 2026

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524 N L Street, Lake Worth Beach, FL 33460 (MLS# R10222385)