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231 S Palmway, Lake Worth, FL

$2,900,000

7,251

Square feet

About 231 S Palmway

The Wedgewood poses an incredible opportunity to purchase a unique oasis in the heart of downtown Lake Worth Beach, Florida. The Wedgewood is comprised of eight private villas and a bonus income-producing studio unit, on two parcels, located just two blocks from Lake Avenue and a short mile from the beautiful beaches. It is more fitting to call the units villas, rather than apartments, as they feel like spacious homes, offering dual entrances with private gardens. The property offers a true value-add opportunity to increase rents to market. Additionally, the footprint and location are ideal for vacation rentals. PLEASE DO NOT ENTER THE PROPERTY AND DISTURB TENANTS WITHOUT LISITING AGENT PRESENT. GO TO LINKS TO VIEW OM WITH CURRENT AND PRO FORMA FINANCIALS

Features of 231 S Palmway

MLS® # A11253339
Price $2,900,000
Bathrooms 0.00
Square Footage 7,251
Acres 0.00
Year Built 1947
Type Residential Income
Sub-Type Quadruplex
Style Fourplex
Status Active

Community Information

Address 231 S Palmway
Area 5004
Subdivision LAKE WORTH TOWN OF
City Lake Worth
County Palm Beach County
State FL
Zip Code 33460-4241

Amenities

Utilities Cable Available
Features Laundry Facilities
Is Waterfront No
Has Pool No

Interior

Interior Tile, Wood
Heating Central
Cooling Central Air, Ceiling Fan(s)
Fireplace No
# of Stories 1
Stories One

Exterior

Exterior Features Fence, Lighting, Patio, Shed
Roof Flat, Other, Tile
Construction Block

Listing Map

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