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$1,280,000
ACTIVE Status ⋅ B26080606 MLS
INCOME-PRODUCING 5-UNIT INVESTMENT PROPERTY - 100% OCCUPIED! Exceptional opportunity to acquire a fully rented, well-maintained multifamily property offering immediate cash flow and an estimated 6.5% cap rate at a $1.28M purchase price, based on current income and operating expenses. The property consists of four spacious 2-bedroom, 1-bath units plus a separate standalone cottage, providing five individual rental units and a diversified income stream. All five units are currently rented, with established tenants, allowing a new owner to begin generating income from day one. The property is owner-managed and has been meticulously maintained inside and out, with attractive landscaping and excellent curb appeal. Tenants enjoy central air conditioning and impact windows, while the property also features an on-site surveillance system for added security. With tenants currently on month-to-month agreements, a new owner has added flexibility when developing a future rental and management strategy. The property also offers potential upside through future rent adjustments as market conditions allow. Ideally located just blocks from the Intracoastal Waterway and convenient to shopping, dining, employment, and entertainment. As an additional benefit, the main roof will be replaced prior to closing, helping reduce a significant near-term capital expense for the new owner. Whether you're expanding an existing portfolio or looking for a stabilized multifamily investment with immediate rental income, this is a rare opportunity to acquire a fully occupied, income-producing 5-unit property in a desirable Palm Beach County location.

305 CYPRESS Drive Unit 1,2,3,4,5, Lake Park

$364,900
ACTIVE Status ⋅ 2 Beds ⋅ 2 Baths ⋅ B26080545 MLS ⋅ Tropic Harbor BLDG.
Welcome to 3351 Spanish Trail, Apt 413, a spacious 2-bedroom, 2-bathroom condo offering approximately 1,147 square feet in the waterfront Tropic Harbor community of Delray Beach. Set on the fourth floor, this inviting residence offers a New AC, Hot water heater and a comfortable layout with bright living spaces and plenty of room to relax or entertain. The flowing living and dining areas create an easygoing atmosphere, while the well-proportioned bedrooms provide privacy and flexibility for guests, a home office, or seasonal living. Tropic Harbor a 55+ community delivers the laid-back South Florida lifestyle in a scenic waterfront setting along the Intracoastal. Residents can enjoy heated swimming pools, a clubhouse, fitness center, shuffleboard, picnic and barbecue areas, and marina facilities with boating access.(Boat slips available Small- 27ft and less -$2.10 ft a month Large - 36ft -$3ft a month) The community is designed for active-adult living, making it an appealing choice for those looking to enjoy both recreation and relaxation close to the water. Ideally positioned east of Federal Highway, this Delray Beach location puts you just minutes from the beach, vibrant Atlantic Avenue, restaurants, shopping, entertainment, and everyday conveniences. Whether you're looking for a year-round residence or a South Florida getaway, this condo offers a wonderful opportunity to enjoy waterfront community living in one of Delray Beach's most desirable coastal settings.

3351 SPANISH Trail Unit 413, Delray Beach

$315,000
ACTIVE Status ⋅ 2 Beds ⋅ 1 Baths ⋅ B26080411 MLS
Charming Renovated Cottage on a Double Lot — Just Minutes from the Beach! Welcome to 413 N E Street — a bright, cheerful, and completely updated cottage nestled in the heart of Lake Worth Beach, one of Palm Beach County's most vibrant and artistically spirited communities. Bursting with personality from its sunny yellow exterior to its beautifully renovated interior, this 646-square-foot gem sits on a rare double lot and offers an unbeatable combination of charm, modern updates, and an exceptional South Florida location. New roof and impact windows! Step inside and discover a thoughtfully renovated interior featuring newer luxury vinyl plank flooring throughout, creating a clean, contemporary feel from room to room. The updated kitchen impresses with white shaker cabinetry, quartz countertops, and stainless steel appliances including a refrigerator, electric range, built-in microwave, and dishwasher — everything you need in a compact, efficient layout. The bathroom is a true standout, fully renovated with floor-to-ceiling Carrara style tile, a soaking tub, rain shower head, and a modern vanity. The spacious living areas are bright and airy, filled with natural light courtesy of updated windows throughout. A dedicated mini-split AC unit in each of the bedrooms ensures year-round comfort and energy efficiency, while crown molding and fresh neutral finishes give the interior a polished, move-in ready feel. Outside, the double lot offers a generously sized, fully fenced yard shaded by mature mango trees and swaying palms, offering endless possibilities: a pool, a garden, an outdoor entertaining area, or simply the kind of private outdoor space that is increasingly rare to find at this price point in Palm Beach County. A new roof adds further peace of mind, making this an excellent opportunity for buyers and investors alike. The location could not be more desirable. Just a short distance from Lake Worth Beach's celebrated shoreline, you're moments away from the vibrant Lake Avenue dining and shopping district, the Lake Worth Beach Casino and pier, art galleries, eclectic boutiques, and a thriving weekend market scene that draws visitors from across South Florida. The neighboring towns of Palm Beach and West Palm Beach are just minutes away, with easy access to I-95 and Palm Beach International Airport rounding out a location that truly has it all. Whether you're seeking a primary residence, a vacation retreat, or a savvy investment property, 413 N E Street is a rare find in one of the most exciting and rapidly appreciating neighborhoods on the Palm Beach County coast.

413 N E Street, Lake Worth Beach

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