231 S Palmway, Lake Worth, FL 33460
  • $2,900,000
  • $2,900,000

Overview

Property ID: 305963
  • ResidentialIncome
  • Property Type
  • 7251.0 Sqft
  • Area Size
  • 1947
  • Year Built

Description

The Wedgewood poses an incredible opportunity to purchase a unique oasis in the heart of downtown Lake Worth Beach, Florida. The Wedgewood is comprised of eight private villas and a bonus income-producing studio unit, on two parcels, located just two blocks from Lake Avenue and a short mile from the beautiful beaches. It is more fitting to call the units villas, rather than apartments, as they feel like spacious homes, offering dual entrances with private gardens. The property offers a true value-add opportunity to increase rents to market. Additionally, the footprint and location are ideal for vacation rentals.
PLEASE DO NOT ENTER THE PROPERTY AND DISTURB TENANTS WITHOUT LISITING AGENT PRESENT. GO TO LINKS TO VIEW OM WITH CURRENT AND PRO FORMA FINANCIALS

  • Address: 231 S Palmway
  • City: Lake Worth
  • State/county: FL
  • Zip/Postal Code: 33460
  • Area: LAKE WORTH TOWN OF
  • Country: United States

Details

Updated on November 28, 2022 at 3:28 am
  • Property ID 305963
  • Price $2,900,000
  • Property Size 7251.0 Sqft
  • Year Built 1947
  • Property Type ResidentialIncome
  • Property Status For Sale
  • Living Area 7251.0
  • MLS# A11253339
  • Office Name ONE COMMERCIAL LLC
  • Agent Name Alexis Shapiro
  • MLS Status Active
  • Living Area Prefix Sqft

Additional details

  • Roof Flat,Other,Tile
  • Sewer PublicSewer
  • Cooling CentralAir,CeilingFans
  • Heating Central
  • Tax Annual 24658
  • Tax Year 2022
  • Flooring Tile,Wood
  • County Palm Beach County
  • Property SubType Quadruplex
  • Pool None
  • Community Features LaundryFacilities

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Mike Benmeleh

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