Property Details
| Sold Price | $2,850,000 |
|---|---|
| Last Asking Price | $2,950,000 |
| Price per SqFt | — |
| Maintenance fee | Inquire |
| Property Taxes | $52,941 2025 |
| Interior Space | — |
| Beds/Baths | —/— |
| Year Built | 1974 |
| Lot Size | 0.31 acres |
| Closed Date | 9/1/2026 |
| MLS # | A12001661 |
Estimated Costs
An estimate of condo or HOA fees and property taxes
Monthly carry is not computed when the association fee or the taxes are not provided.
From the listing
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.
Listed by Fausto Commercial Realty Consultants Inc
Sales History for This Home · 202 Lucerne Avenue 1-14, Lake Worth, FL 33460
Sales history is unavailable for this property
Listed by Fausto Commercial Realty Consultants Inc. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Lake Worth and throughout South Florida.
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Location
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