Hang on a second...
USDAProperties.com is playing suspenseful music......

 

 

 

$425,000   Price Analysis
Agent Details  share icon     map icon  QR
3642 Melaleuca Ln
Lake Worth, FL 33461
4 bed 2 bath 1,720 SqFt ($247/SqFt)
0.3 acre lot. Built 1981
Listed 2024-05-06, Taxes $4,742
Ⓧ USDA Ineligible
due to location

near Lake Worth

''Opportunity knocks at the heart of Lake Worth with this charming duplex

* No Longer For Sale *
Your browser will attempt to redirect you to the city level in a few seconds.

Locat ed at 3642 Melaleuca Ln. Boasting long-term tenants in place, this property offers smart investors the chance to secure a steady income stream without the oversight of an HOA. Each unit in this 860 square foot multi-family home promises a cozy living space, waiting for a touch of TLC to unlock its full potential.Please note, this is a tenanted property and we kindly ask that their privacy and peace are respected - do not disturb the tenants.

For mor information and to discuss the boundless possibilities this investment opportunity offers, please reach out without delay.''


Presented by Trevor Forbes at
Sutter & Nugent Inc.
Listing Agent Photo

Property MLS #RX-10984645 from BeachesMLSFlex

Bedrooms: 4

Total Bathrooms: 2
Full Bathrooms: 2

Cooling Features: Ceiling Fan, Central, Electric
Heating Features: Central, Electric

Flooring: Ceramic Tile

Fence
Open Patio

Carport Features: 4.00
Carport Spaces: 4

Lot Description: 1/4 to 1/2 Acre
Lot Size Acres: 0.2953398
Lot Size Dimensions: 135.0 ft x 95.0 ft
Lot Size Square Feet: 12865

Association: No
Association Fee Frequency: Monthly
Calculated Total Monthly Association Fees: 0

Gross Income: 18300.00
Tenant Pays: Cable, Electric, Water

Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Unit-1 Description: A/C Unit, Dishwasher, Dryer, Electric Meter, Kitchen, Laundry, Patio, Range - Electric, Refrigerator, Smoke Detector, W/D Hookup, Washer
Unit-1 Furnished Description: No
Unit-2 Furnished Description: No
Unit-1 Square Feet: 860
Unit-2 Square Feet: 860

Annual Tax Amount: 5070.05
Source Listing Status: Closed
County: Palm Beach
Tax Year: 2023
Source Property Type: Residential Income
Area: 5700
Source Neighborhood: PALM BEACH FARMS CO 7
Subdivision: PALM BEACH FARMS CO 7
Zoning: RM
Property Subtype: Duplex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$167,720
$4,742
2021$unknown + $unknown
$152,473
$4,208
2020$unknown + $unknown
$138,612
$3,795
2019$unknown + $unknown
$126,011
$3,753
2018$unknown + $unknown
$114,555
$3,191
2017$unknown + $unknown
$104,141
$2,762
2016$unknown + $unknown
$94,674
$2,483
2015$unknown + $unknown
$86,067
$2,399
2014$unknown + $unknown
$78,243
$2,179
2013$unknown + $unknown
$71,130
$1,935
2012$unknown + $unknown
$70,105
$1,914
2011$unknown + $unknown
$70,105
$1,944
2010$unknown + $unknown
$91,590
$2,362
2008$unknown + $unknown
$112,397
$3,153
2007$unknown + $unknown
$176,444
$3,309

Sold 2024-06-13
$425,000
BeachesMLSFlex
Listed 2024-05-06
$425,000
BeachesMLSFlex
Sold 1990-01-01
$85,000
Public Record

Net Operating Income: 24000.00
Operating Expense: 5700.00

Total Square Feet Living: 1720
Year Built: 1981
Construction Materials: CBS
Living Area Source: Tax Rolls
Property Age: 43
Property Condition: Resale
Roof: Comp Shingle
Levels or Stories: 1.0
Structure Type: Duplex
Total Area Sqft: 1960
Year Built Details: Resale

Electric: Yes
Cable
Electric
Public Sewer
Public Water
Water Source: Public Water

Tradewinds Middle School is a public middle school located approximately 1.3 miles away.
directions icon Map directions

Starlight Cove Elementary School is a public elementary school located approximately 1.6 miles away.
directions icon Map directions

Lake Worth High School is a public high school located approximately 2.2 miles away.
directions icon Map directions

Cornerstone Christian Academy is a private elementary, middle and high school located approximately 1.5 miles away.
directions icon Map directions

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.