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Property details
- Bedrooms
- 4
- Bathrooms
- 2
- Living area
- 2,077 sq ft
- Year built
- 1934
- Property type
- Single Family Residence
- Community
- GROVELAND PARK
Property description
Rare opportunity to acquire an oversized 0.62-acre residential parcel east of I-95 in Lake Worth Beach, surrounded by substantially smaller lots. The property currently features a main residence configured as a duplex, a separate rear cottage/mother-in-law suite, offering multiple income streams and significant upside. The owner occupies one front unit, while the other rents for $1,400/month and the cottage rents for $1,000/month. Investors can explore renovating the existing structures and increasing rents, repositioning the property for a fix-and-flip strategy, or evaluating the potential to redevelop the oversized parcel into a larger single-family residence, subject to zoning and approvals. Excellent location near downtown Lake Worth Beach, beaches, parks, dining & cultural attractions A unique land-value opportunity with multiple potential exit strategies with many fruit trees and a man-made vegetable garden.
Listing firm: Keller Williams Realty/P B · 561-656-2929
Listing participant: Nola E Brown · 561-312-8268
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