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Renée & Michael Luzzi

RE/MAX Advantage Plus
Boca Raton, FL 33432
561-213-5285 | 561-212-7902
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Listing 13 out of 47
$849,000 For Sale

119 Palmway
Lake Worth, FL 33460

4 units | Multi Family Home - MLS# RX-10526323
Property Photo
1/21

Description

Palmway House and studios consists of a charming main house with 3 bedroom plus 2 dens that are furnished as bedrooms as well as 3 studio apartments. All units are currently managed as a vacation rental. The units are fully furnished/turnkey. The main house has been built in 1925, the studios were built in 1960. During the last two years, the owner has upgraded some of the electrical and plumbing, a new AC and water heater in the main house. There is a rear entry with parking (4) and a laundry facility. The building is located one mile from the beach in the heart of booming downtown Lake Worth. There is strong rental demand in this prime location, buyer can take over rental agreements for 2020. The property offers lots of upside potential, current owner runs this next to his full time job.

Features

  • Property Type: Multi Family Home
  • Sub Type: Quad Plex
  • Listing Status: Active
  • County/Area: Palm Beach County
  • Zip Code: 33460
  • Year Built: 1925
  • Subdivision/Neighborhood: Lake Worth Town Of
  • Elementary School: North Grade Elementary School
  • Middle School: Lake Worth Community Middle
  • High School: Lake Worth High School
  • Sq.Ft.: 2,834 sq ft
  • Units: 4 units
  • Golf Course: Yes, See Subdiv Amenities
  • View: Garden
  • Zoning: Multi-Family
  • Area: 5600
  • Construction: Cement Block and Stucco (CBS), Frame/Stucco, Mixed
  • Cooling: Central, Central Individual, Wall-Win A/C
  • Exterior Features: Covered Patio, Open Balcony, Open Patio, Screen Porch, Screened Balcony
  • Flooring: Tile, Wood Floor
  • Heating: Electric, Space
  • Income & Expenses: Annual Net Oper Inc: $70,246
  • Lot Description: < 1/4 Acre, East Of Us-1, Public Road, Sidewalks
  • Lot Dimensions: Frontage: 50 Ft Depth: 135 Ft
  • Lot SqFt: 6750
  • Number of Stories: 2.0
  • Roof: Mixed
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: Yes
  • SqFt - Total: 3000
  • SqFt Source: Tax Rolls
  • Subdiv Amenities: Bike - Jog, Common Laundry, Golf Course
  • Unit 1 Desc: Cathed/Vault Ceiling, Dishwasher, Dryer, Kitchen, Microwave, Patio, Range - Electric, Refrigerator, Smoke Detector
  • Unit 1 Info: Bedrooms: 3-Bed
  • Unit 1 Info: Full Bath: 2-Bath
  • Unit 1 Info: Furnished: Yes
  • Unit 2 Desc: A/C Unit, Dishwasher, Kitchen, Range - Electric, Refrigerator, Screened Porch, Window Cover
  • Unit 2 Info: Efficiency
  • Unit 2 Info: Bedrooms: 1-Bed
  • Unit 2 Info: Full Bath: 1-Bath
  • Unit 2 Info: Furnished: Yes
  • Unit 3 Desc: A/C Unit, Dishwasher, Kitchen, Patio, Smoke Detector, Window Cover
  • Unit 3 Info: Efficiency
  • Unit 3 Info: Bedrooms: 1-Bed
  • Unit 3 Info: Full Bath: 1-Bath
  • Unit 3 Info: Furnished: Yes
  • Unit 4 Desc: A/C Unit, Dishwasher, Kitchen, Patio, Range - Electric, Smoke Detector, Window Cover
  • Unit 4 Info: Efficiency
  • Unit 4 Info: Bedrooms: 1-Bed
  • Unit 4 Info: Full Bath: 1-Bath
  • Unit 4 Info: Furnished: Yes
  • Utilities: Electric, Public Water
Courtesy of Coldwell Banker/Delray Beach

Renee & Michael Luzzi
RE/MAX Advantage Plus
601 S. Federal Hwy Suite 100
Boca Raton, FL 33432
Phone: 561-212-7902
Phone: 561-213-5285
Email: luzziteam@bellsouth.net

Testimonials Page

I would definitely recommend the Luzzi family to my friends & family. I dealt with the father & son who I would recommend to anybody buying or selling a home. Could not have imaging a better experience in purchasing my new home. Excellent communication, always there when I needed info, always keeping me in the loop and answering my questions & concerns. Will be selling my condo in Miami & I will use the Luzzi family as my agent. Thank you Mike & Mike. Arturo R.
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