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202 Lucerne Ave , Unit 1-14

Lake Worth, FL

Listing Details

  • $2,980,000
  • MLS# A12001661
  • Type Commercial - Business
  • Status Active
  • 0.310 acres
    Lot Size
  • 1974
    Year Built

Description

Well-located 14-unit multifamily property in the heart of downtown Lake Worth Beach at 202 Lucerne Avenue. The asset consists of thirteen 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, all featuring central A/C, private balconies, and ample natural light, along with an on-site laundry facility for additional income. Built in 1974 with concrete block construction and a stucco exterior, the property is currently operated as annual rentals and also holds a valuable transitory license, allowing for potential conversion to short-term rentals and increased revenue. Positioned just steps from Lake Avenue, the property offers exceptional... Read more walkability to dining, retail, and entertainment, and is located just minutes from the Intracoastal Waterway, Lake Worth Beach Park, and JFK Medical Center. Strong in-place income with clear upside through rental growth and operational improvements in a highly active and improving downtown submarket supported by ongoing redevelopment and long-term demand drivers.

Key Features

No amenity information available.

View All Features
202 Lucerne Ave 1-14
Lake Worth, FL 33460
County
Palm Beach

Contact the Agent

Luxury Homes Specialist
Contact the Listing Agent
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All Property Features

  • Property Type: Commercial - Business
  • Cooling: Central Individual A/C
  • Crops Included Y/N: No
  • Days on Site: 25
  • Exterior: Concrete Block Construction
  • Heating: Central Individual A/C
  • Home Warranty Y/N: No
  • Lease Considered Y/N: Yes
  • Lease Terms: 1 To 3 Year Lease
  • Listing Terms: All Cash, Conventional/Refinance
  • Lot Size: 0.31 Acres
  • Parcel#: 38434421150300150
  • Property Attached Y/N: No
  • Property Sub-Type: Income/MultiFamily
  • Roof Type: Built-Up
  • Sewer: Public Sanitation
  • Stories: 2.0
  • Taxes: $52,941
  • Water: Public
  • Year Built: 1974