825 Truman Ave, Lake Worth, FL 33460
FOR SALE

825 Truman Ave
Lake Worth, FL 33460

Whispering Palms
  • 11 Beds
  • 5 Baths
  • 3,781 sqft
  • 11 Beds
  • 5 Baths
  • 3,781 sqft

$1,075,000

Est. Mortgage $6,525/mo*

Local Information

map showing home location
© Google
-- mins to
Commute Destination

Description

Great opportunity to acquire a remodeled and cash flowing quadplex - ready to be delivered with one vacant unit to take advantage of an ASSUMABLE (!!!) FHA loan at 3%! The property generated in 2023 $109k in GRI (see docs for T12). Proforma for 2024 is $127k (mainly from higher rent from upgraded units + additional income). Please do not disturb the tenants. Enjoy a stabilized asset with reliable tenants (one annual lease, two month-to-month, one currently vacant unit ready to rent). This property is located just minutes away from LWB Downtown, groceries, restaurants, the beach and Palm Beach State College. Adjacent LWB Howard Park is a family friendly and recently improved recreational park (soccer, basketball, BBQ, playground, etc.) and an added value for local tenant

Home Highlights

Parking
1 Carport Spaces
Outdoor
Patio
View
Garden, Preserve
HOA
No HOA Fee
Price/Sqft
$284
Listed
81 days ago

Home Details for 825 Truman Ave

Interior Features

Beds & Baths
Number of Bedrooms: 11Number of Bathrooms: 5Number of Bathrooms (full): 5
Dimensions and Layout
Living Area: 3781 Square Feet
Appliances & Utilities
Utilities: Cable Connected, Electricity ConnectedAppliances: Electric Range, Refrigerator, Range - ElectricRefrigerator
Heating & Cooling
Heating: Central Individual,Window/WallHas CoolingAir Conditioning: Ceiling Fan(s),Central Individual,Wall/Window Unit(s),A/C UnitHas HeatingHeating Fuel: Central Individual
Gas & Electric
Electric: Separate Electrical MetersHas Electric on Property
Windows, Doors, Floors & Walls
Window: Shutters, Partial Accordion ShuttersFlooring: Clay, Vinyl
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Floors: Clay, Vinyl
View
Has a ViewView: Garden, Preserve
Security
Security: Smoke Detector(s), Smoke Detector

Exterior Features

Exterior Home Features
Roof: Comp ShinglePatio / Porch: Covered Patio, PatioFencing: FencedVegetation: Fruit Tree(s)Other Structures: Extra BuildingNo Private Pool
Parking & Garage
Number of Carport Spaces: 1Number of Covered Spaces: 1Has a CarportNo GarageNo Attached GarageNo Open ParkingParking Spaces: 1Parking: Space Parking,Carport - Attached
Frontage
Waterfront: NoneNot on Waterfront
Water & Sewer
Sewer: Public Sewer

Days on Market

Days on Market: 81

Property Information

Year Built
Year Built: 1960
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: CBS, ConcreteNot a New ConstructionAttached To Another Structure
Property Information
Condition: ResaleParcel Number: 38434434030000190

Price & Status

Price
List Price: $1,075,000Price Per Sqft: $284
Status Change & Dates
Possession Timing: Close Of Escrow

Active Status

MLS Status: Active

Location

Direction & Address
City: Lake Worth BeachCommunity: Parkview Heights

Agent Information

Listing Agent
Listing ID: RX-10957419

Building

Building Area
Building Area: 4146 Square Feet

Community

Community Features: None

HOA

Association for this Listing: Beaches MLSNo HOA

Lot Information

Lot Area: 7257 sqft

Offer

Listing Terms: Assumable-Qualify, Cash, Conventional, FHA, VA Loan

Compensation

Buyer Agency Commission: 2.5Buyer Agency Commission Type: %Transaction Broker Commission: 2.5%
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Business

Expense
Tenant Pays: Cable TV, Insurance

Miscellaneous

Mls Number: RX-10957419

Additional Information

None
Last check for updates: about 20 hours ago
Listing courtesy of Maximilian Stalinski, (424) 288-9434
Keller Williams Coastal Partners
Gabriela Beltran, (561) 739-1400
PMI Beach Properties
Originating MLS: Beaches MLS
Source: BeachesMLS, MLS#RX-10957419

Price History for 825 Truman Ave

DatePriceEventSource
02/07/2024$1,075,000Listed For SaleBeachesMLS #RX-10957419
08/10/2021$620,000Sold
BeachesMLS #RX-10689302
02/02/2021$620,000Listed For SaleBeachesMLS #RX-10689302
01/02/2021ListingRemovedBeachesMLS
12/03/2020$620,000PriceChange
Agent Provided
08/08/2020$625,000PriceChange
Agent Provided
07/16/2020$704,000PriceChange
Agent Provided
04/18/2020$705,000PriceChange
Agent Provided
03/23/2020$775,000Listed For SaleAgent Provided
08/12/2019$405,000Sold
N/A
05/24/2019$469,000Listed For SaleAgent Provided
02/17/2017$210,000Sold
N/A

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Property Taxes and Assessment

Year2022
Tax$14,283
Assessment$570,204
Home facts updated by county records

Comparable Sales for 825 Truman Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.66
Multi-Family Home
$720,000
11/02/23
5
5
2,640
0.40
Multi-Family Home
$450,000
01/02/24
5
3
2,161
0.70
Multi-Family Home
$620,000
03/28/24
5
4
1,642
0.79
Multi-Family Home
$710,000
06/09/23
4
4
2,420
1.12
Multi-Family Home
$800,000
07/14/23
7
6
3,520

Neighborhood Overview

See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Whispering Palms

  • Unspecified
    "It’s not and some of the kids are disrespectful! Plus I have had to many cars hit by stupid people on my block!"
    0
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  • L P.
    "Close to schools & shopping Easy commute. Close to Tri-Rail. bus routes, I-95, "
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LGBTQ Local Legal Protections

Maximilian Stalinski, Keller Williams Coastal Partners
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.
825 Truman Ave, Lake Worth, FL 33460 is a 11 bedroom, 5 bathroom, 3,781 sqft multi-family built in 1960. 825 Truman Ave is located in Whispering Palms, Lake Worth. This property is currently available for sale and was listed by BeachesMLS on Feb 7, 2024. The MLS # for this home is MLS# RX-10957419.