Amazing income investment opportunity 7 4 cap rate this large duplex is 2 bedrooms 2 bath on one side and 1 bedroom 1 bath on the other separate electric and plenty of parking the owner began renovating the 2 bedroom unit with new porcelain floors however would like to sell as is situated on an oversized corner lot with room for a pool and or future expansion the location in east lake worth beach is only a couple blocks from the beautiful intracoastal waterways downtown shops amazing restaurants golf and more
Listed by Rodger Morelli
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License #3059403
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RPM LUXE REALTY
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(561) 929-7317
Last updated August 14, 2025
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Source: BeachesMLS #RX-11080470
Listing Facts
TypeMulti-family
NeighborhoodSOSA
Days on Prevu151
Taxes$7,883/year
Size1,246 sqft
Price per sqft$385
Amenities
Pets Allowed
Location
Mortgage Calculator
Listing History
08/15/2025
Status changed to Active
$480,000
08/14/2025
Status changed to Removed from Feed
$480,000
05/16/2025
Status changed to Temporarily Off Market
$480,000
04/30/2025
Price Decreased
$480,000
04/16/2025
Price Decreased
$525,000
04/10/2025
Listed by RPM LUXE REALTY
$564,999
Property Details for 1229 S M Street
Association
Amenities
Community Features: Non Gated
Fees
Association Fee Includes: Insurance, Maintenance Grounds, Sewer, Trash, Water
Exterior
Construction
Number Of Units Total: 2
Property Condition: Resale
Roof: Tar Gravel
Stories: 1
Year Built: 1957
Year Built Details: Resale
Construction Materials: Block
Exterior Features: Room For Pool
Features
View: Other, Water
Measurements
Building Area Total: 1,318
Lot Features: Less Than Quarter Acre
Lot Size Area: 6,750
Lot Size Dimensions: 50
Lot Size Square Feet: 6,750
Lot Size Units: SquareFeet
Financial
Residential Income
Operating Expense: $18,083.00
Taxes
Parcel Number: 38434427010550160
Tax Annual Amount: $7,883.00
Tax Year: 2024
Interior
Features
Flooring: Ceramic Tile
Measurements
Living Area: 1,246
Other
Location
Subdivision Name: LAKE WORTH TOWN OF ADD 1
Utilities
Equipment
Cooling: Electric
Has Cooling: Yes
Heating: Other
Sewer: PublicSewer
Utilities: Cable Available, Natural Gas Available, Sewer Available, Water Available
Water Source: Public
Based on information from Beaches MLS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.