202 Lucerne Ave # 14, Lake Worth FL 33460,33460,Lake Worth,Palm Beach County
- $2,980,000
- $2,980,000
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 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.
Overview
- Income/MultiFamily
- sqft
- 0.31 sqft
- 1974
- A12001661
Details
Actualizado en mayo 3, 2026 a 5:19 am-
Property ID A12001661
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Price $2,980,000
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Land Area 0.31 sqft
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Year Built 1974
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Type Income/MultiFamily
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Property Status Commercial Sale
Additional details
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BuildingAreaTotal 9320
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BuildingAreaUnits Square Feet
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BusinessType Apartments
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ConstructionMaterials Concrete Block Construction
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ContractStatusChangeDate 2026-05-02
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Cooling Central Individual A/C
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DaysOnMarket 0
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ExpirationDate 2026-10-15
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Heating Central Individual A/C
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InternetAddressDisplayYN 1
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InternetAutomatedValuationDisplayYN 1
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InternetConsumerCommentYN 1
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InternetEntireListingDisplayYN 1
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LeaseConsideredYN 1
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LeaseTerm 1 To 3 Year Lease
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ListAOR A-Miami Association of REALTORS
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ListAgentDirectPhone 954-743-7594
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ListAgentEmail elevi@faustocommercial.com
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ListAgentFullName Elior Levi
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ListAgentKey 1935ebadec8c69d7a6e4620d2dae77a8
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ListAgentMlsId 3574869
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ListAgentOfficePhone 954-743-7594
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ListAgentStateLicense 3574869
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ListOfficeFax 305-675-0365
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ListOfficeKey 7cfc112ff185580637392301ab94285c
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ListOfficeMlsId FAUS01
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ListOfficeName Fausto Commercial Realty Consultants Inc
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ListOfficePhone 954-743-7594
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ListingAgreement Exclusive Right To Sell
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ListingContractDate 2026-05-02
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ListingKey b622cf348da889fd665ab5cc7dcc0b59
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ListingTerms All Cash, Conventional/Refinance
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LotSizeSquareFeet 13505
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MajorChangeTimestamp May 3, 2026 at 03:20am
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MajorChangeType New
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MlsStatus Active
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ModificationTimestamp May 3, 2026 at 03:20am
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NumberOfBuildings 1
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NumberOfUnitsInCommunity 14
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OnMarketDate 2026-05-02
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OriginalEntryTimestamp May 3, 2026 at 03:20am
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OriginalListPrice 2980000
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OriginatingSystemID miamire
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OriginatingSystemKey miamire
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OriginatingSystemName Miami Association of REALTORS®
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OtherExpense 0
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ParcelNumber 38434421150300150
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PhotosChangeTimestamp May 3, 2026 at 03:22am
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PhotosCount 22
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PostalCodePlus4 3957
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PriceChangeTimestamp April 15, 2026 at 06:01pm
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PublicSurveyRange 38
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PublicSurveySection 21
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PublicSurveyTownship 38
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Roof Built-Up
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Sewer Public Sanitation
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ShowingContactType Agent
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ShowingInstructions Call Listing Agent
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SourceSystemKey 455069617
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SpecialListingConditions Sale
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StateOrProvince FL
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StatusChangeTimestamp May 3, 2026 at 03:20am
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Stories 2
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StoriesTotal 2
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StreetName Lucerne Ave
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StreetNumber 202
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StreetNumberNumeric 202
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SyndicationRemarks 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 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.
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TaxAnnualAmount 52941
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TaxLegalDescription TOWN OF LAKE WORTH LTS 15 & 16 BLK 30
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TaxYear 2025
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UnitNumber 1-14
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WaterSource Public
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Zoning DT (city
Features
Address
Open on Google Maps-
Address: Lucerne Ave
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City: Lake Worth
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State/county: Palm Beach County
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Zip/Postal Code: 33460
