1229 S  M St, Lake Worth, FL 33460
FOR SALE

1229 S M St
Lake Worth, FL 33460

Sosa/Pineapple Beach
  • 3 Beds
  • 3 Baths
  • 1,246 sqft
  • 3 Beds
  • 3 Baths
  • 1,246 sqft

$599,000

Est. Mortgage $3,675/mo*

Local Information

map showing home location
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-- mins to
Commute Destination

Description

Amazing income & investment opportunity. Currently operating at a 6.5% Cap Rate. This large and updated Duplex is 2 Bedrooms / 2 Bath on one side and 1 Bedroom 1 Bath on the other, separate electric and plenty of parking. Situated on an oversized corner lot with room for a pool and/or future expansion. The location in East Lake Worth Beach is only a couple blocks from the beautiful intracoastal waterways, downtown shops, amazing restaurants, golf and more Just sit back and collect $. The owner has done all the hard work here for the new owners. 100% Occupied with great Tenants.

Home Highlights

Parking
No Info
Outdoor
No Info
View
No Info
HOA
None
Price/Sqft
$481
Listed
167 days ago

Home Details for 1229 S M St

Interior Features

Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 3
Dimensions and Layout
Living Area: 1246 Square Feet
Appliances & Utilities
Utilities: Cable Available, Separate Meter
Heating & Cooling
Heating: OtherHas CoolingAir Conditioning: ElectricHas HeatingHeating Fuel: Other
Windows, Doors, Floors & Walls
Flooring: Ceramic Tile
Levels, Entrance, & Accessibility
Stories: 1Floors: Ceramic Tile

Exterior Features

Exterior Home Features
Roof: Flat Roof With Facade Front Other
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Days on Market

Days on Market: 167

Property Information

Year Built
Year Built: 1957
Property Type / Style
Property Type: Residential IncomeProperty Subtype: DuplexStructure Type: DuplexArchitecture: Duplex
Building
Construction Materials: Cbs ConstructionNot a New Construction
Property Information
Condition: As IsParcel Number: 38434427010550160

Price & Status

Price
List Price: $599,000Price Per Sqft: $481
Status Change & Dates
Possession Timing: Close Of Escrow

Active Status

MLS Status: Active

Location

Direction & Address
City: Lake Worth BeachCommunity: Lake Worth Town Add 01

Agent Information

Listing Agent
Listing ID: F10409307

HOA

Association for this Listing: Beaches MLSNo HOA

Offer

Listing Terms: Cash, Conventional, FHA

Compensation

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

Rental

Rent Includes: Gardener, Trash Collection

Miscellaneous

Mls Number: F10409307
Last check for updates: about 14 hours ago
Listing courtesy of Rodger Morelli, (561) 929-7317
RPM LUXE REALTY
Originating MLS: Beaches MLS
Source: BeachesMLS , MLS#F10409307

Price History for 1229 S M St

DatePriceEventSource
11/11/2023$599,000Listed For SaleBeachesMLS #F10409307
02/10/2023ListingRemovedBeachesMLS #RX-10855326
01/03/2023$530,000Listed For SaleBeachesMLS #RX-10855326
07/20/2021$300,000Sold
BeachesMLS #RX-10716463
05/30/2021$329,000PendingRE/MAX International #RX-10716463
05/30/2021$329,000ContingentBeachesMLS #RX-10716463
05/16/2021$329,000Listed For SaleBeachesMLS #RX-10716463
09/02/2020$250,000Sold
N/A
08/25/2020$274,000PendingAgent Provided
07/06/2020$274,000PriceChange
Agent Provided
05/13/2020$279,000PendingToActiveAgent Provided
04/07/2020$279,000PendingAgent Provided
03/06/2020$279,000Listed For SaleAgent Provided
12/15/2019$259,000ListingRemovedAgent Provided
10/29/2019$259,000Listed For SaleAgent Provided
10/03/2019$199,000Sold
N/A
09/29/2019$269,900Listed For SaleAgent Provided
12/20/1996$69,000Sold
N/A

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Property Taxes and Assessment

Year2022
Tax$6,452
Assessment$247,225
Home facts updated by county records

Comparable Sales for 1229 S M St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.07
Multi-Family Home
$498,000
09/29/23
2
2
1,120
0.24
Multi-Family Home
$555,000
09/29/23
4
2
1,568
0.24
Multi-Family Home
$555,000
10/12/23
4
2
1,568
0.40
Multi-Family Home
$365,000
07/21/23
2
2
1,324
0.62
Multi-Family Home
$410,000
09/25/23
3
3
994
0.28
Multi-Family Home
$470,000
06/02/23
5
2
1,826
0.30
Multi-Family Home
$620,000
03/28/24
5
4
1,642
0.35
Multi-Family Home
$750,000
11/03/23
4
4
1,806
0.52
Multi-Family Home
$505,000
02/16/24
4
4
1,664

Neighborhood Overview

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

What Locals Say about Sosa/Pineapple Beach

  • Desideria R.
    "This is a very diverse area and I really love living here because it is close to downtown and the beach and the market, post office, pharmacy, bank and other businesses that I need."
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  • Blondie
    "Dog owners would like my neighborhood because it’s very dog friendly. There’s a dog park just west of I-95 called Lake Woof and dogs are welcomed almost everywhere. What they wouldn’t like is the over abundance of feral cats. "
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  • Donna G.
    "I'm not really sure. people pretty much keep to themselves. I wish it was more all inclusive for all residents. "
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  • Staplesrealestate
    "This beautiful little hamlet has come very far in a short amount of time. Charming Village with very friendly people. crime is gone, gangs are gone, Real Estate values increasing everyday... up 21% this month alone ( Aug.2012) in the Single Family Homes. "
    0
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LGBTQ Local Legal Protections

Rodger Morelli, RPM LUXE REALTY
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.
1229 S M St, Lake Worth, FL 33460 is a 3 bedroom, 3 bathroom, 1,246 sqft multi-family built in 1957. 1229 S M St is located in Sosa/Pineapple Beach, Lake Worth. This property is currently available for sale and was listed by BeachesMLS on Nov 11, 2023. The MLS # for this home is MLS# F10409307.