202 Lucerne Ave
Lake Worth Beach, FL 33460
$2,980,000
- Multi-family
- 9,320 SF building
- 0.31 acre lot
- $320/SF
Highlights
- 9,320 SF building on a 13,505 SF (0.31 acres) lot
- Built in 1974
- Asking $320/SF
Property facts
- Price
- $2,980,000
- Price per SF
- $320/SF
- Property type
- Multi-family
- Building size
- 9,320 SF
- Lot size
- 13,505 SF (0.31 acres)
- Year built
- 1974
About this property
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.
From the listing broker.
