$2,095,000
Lake Worth Beach, FL
MLS# B26024798
6362 sqft
1 / 22
Property Description
Incredible assemblage of 4 contiguous parcels. Sale includes almost an entire city block in the highly sought-after Lake Worth Beach area. This unique offering includes: 3 Single-Family Homes,1 Duplex, 1 Large Apartment Building, 4-Car Garage and 1 Vacant Lot. All under termite warrantee. All buildings completely renovated 2015 to the frame including new foundations and floor frames. Hurricane clipped at all wood joints to current wind code. Architectural and Structural Engineer Drawings and certifications for all buildings. All impact windows and doors. New electric service, wiring, plumbing, insulation, crawl space has liner, sheetrock, roofs and more. These are basically ALL NEW structures with permits to prove it. Opportunities like this are rarely available in this location.
Details
Contract Information
Comp Sale YN: No
Owner Phone: Withheld
Negotiable Seller Concessions YN: No
Seller Represented YN: Yes
Listing Date: 2026-05-01
Status: Active
Original List Price: 2095000
List Price: $2,095,000
Current Price: $2,095,000
Listing Service: Full Service
Location and Legal
County Or Parish: Palm Beach
Postal Code: 33460
Geographic Area: PB16
Multiple Offers Accepted: No
Country: United States
Street Number: 505
Street Name: 24th
Street Suffix: Avenue
Street Direction Suffix: N
State Or Province: FL
Area: 5620
Parcel Number: 38434416050110110
Zoning: Multiple
General Property Information
Number Of Buildings: 6
Number Of Units Total: 7
Leasable Area: 6263
Price Per Unit: 329
Occupant Type: Tenant
Accessibility Features YN: Yes
Year Built Details: Buildings where built during different times.
Lot Size Area: 39203
Stories Total: 2
Stories: 2
Property Sub Type: Mixed Use
Building Area Main: 6362
Building Area Source: Public Records
Year Built: 1978
Parking Total: 20
Lot Size Acres: 0.9
Office/Member Information
DXORIGMLSID: RML
Electric
Other: 1
Flooring
Ceramic Tile: 1
Linoleum: 1
Vinyl: 1
Foundation Details
Slab: 1
Parking Features
Accessible Parking: 1
Assigned: 1
Common: 1
Guest: 1
Shared: 1
Property Condition
Resale: 1
Special Listing Conditions
Standard: 1
Documents Available
Investment Analysis: 1
Rent Rolls: 1
Meter Information
Separate Electric Meters YN: Yes
Separate Gas Meters YN: No
Separate Water Meters YN: Yes
Number Of Separate Electric Meters: 7
Number Of Separate Water Meters: 3
Structure Type
Mixed Use: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Electricity Available: 1
Phone Available: 1
Water Available: 1
Building and Property Details
# Of Bays: 2
# Of Offices: 1
# Of Tenants: 4
# Of Toilets: 9
% Air Conditioned: 6
Heating
Central: 1
Sale Includes
Building: 1
Construction Materials
Block: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Other: 1
Road Surface Type
Asphalt: 1
Roof
Mixed: 1
Security Features
None: 1
Water Source
Public: 1
Income and Expenses
Annual Total Expense: 32544
Gross Income: 156000
Real Estate Taxes: 13764
Service Expense: 2400
Insurance Expense: 13500
Net Operating Income: 123456
Operating Expense: 32544
Other Expense: 2880
Source Of Expenses
Owner Provided: 1
Description of Unit Type 1
Unit Type: 3 Bedroom
Units Total: 1
Beds Total: 3
Full Baths: 2
Furnished: No
Annual Rent: 2500
Description of Unit Type 2
Unit Type: 1 Bedroom
Units Total: 1
Beds Total: 1
Full Baths: 1
Furnished: No
Annual Rent: 1500
Cooling
Ceiling Fan(s): 1
Central Air: 1
Description of Unit Type 3
Unit Type: 1 Bedroom
Units Total: 1
Beds Total: 1
Full Baths: 1
Furnished: No
Annual Rent: 1300
Description of Unit Type 4
Unit Type: 2 Bedroom
Units Total: 1
Beds Total: 2
Full Baths: 1
Furnished: No
Annual Rent: 2000
Description of Unit Type 5
Unit Type: 1 Bedroom
Units Total: 1
Beds Total: 1
Full Baths: 1
Furnished: No
Annual Rent: 1200
Description of Unit Type 6
Unit Type: Shop(s)
Units Total: 1
Full Baths: 1
Annual Rent: 1500
Description of Unit Type 7
Unit Type: 3 Bedroom
Units Total: 1
Beds Total: 3
Full Baths: 2
Furnished: No
Annual Rent: 3000
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Call Listing Agent: 1
Call Listing Office: 1
Listing Agent Must Accompany: 1
Occupied: 1
Text Listing Agent: 1
See Remarks: 1
Occupant Details
Tenant Occupied: 1
Showing Considerations
See Remarks: 1
Showing Details
Pet(s) on Premises: No
Showing Contact Phone: 954-709-1003
Acreage Description
1/2 To Less Than 1 Acre Lot: 1
Less Than 1 Acre Lot: 1
Financial Information
Tax Annual Amount: 13764
Tax Year: 2025
Tax Legal Description: WORTHMORE PARK LTS 6 THRU 10 BLK 11 WORTHMORE PARK LTS 11 & 12 BLK 11 WORTHMORE PARK LTS 13 THRU 16 BLK 11 WORTHMORE PARK LTS 3 THRU 5 BLK 1
Status Change Information
Major Change Timestamp: 2026-05-06T04:37:30Z
Major Change Type: New Listing
Status Change Date: 2026-05-06
Unit Details
Number Of Units Leased: 100
Originating Details
Originating System Key: 20260506030641049475000000
Originating System ID: M00000170
Property Features
Documents Available: Investment Analysis; Rent Rolls
Electric: Other
Flooring: Ceramic Tile; Linoleum; Vinyl
Foundation Details: Slab
Heating: Central
Parking Features: Accessible Parking; Assigned; Common; Guest; Shared
Possession: Close Of Escrow
Property Condition: Resale
Sale Includes: Building
Special Listing Conditions: Standard
Source Of Expenses: Owner Provided
Construction Materials: Block
Cooling: Ceiling Fan(s); Central Air
Listing Terms: 1031 Exchange; Cash; Conventional; Other
Road Surface Type: Asphalt
Roof: Mixed
Security Features: None
Sewer: Public Sewer
Structure Type: Mixed Use
Utilities: Cable Available; Electricity Available; Phone Available; Water Available
Water Source: Public
Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Call Listing Office; Listing Agent Must Accompany; Occupied; Text Listing Agent; See Remarks
Occupant Details: Tenant Occupied
Showing Considerations: See Remarks
Acreage Description: 1/2 To Less Than 1 Acre Lot; Less Than 1 Acre Lot
Listing Office: CPRE Organization Inc
Last Updated: May - 06 - 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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