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$1,399,000   Price Analysis
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135 Silver Beach Rd
Lake Park, FL 33403
4 bed 2 bath 900 SqFt ($1554/SqFt)
Built 1955
Listed 2024-06-18, Taxes $5,137
Ⓧ USDA Ineligible
due to price & location

near Palm Beach Gardens

Exceptional investment opportunity!

This duplex is situated in an up-and-coming area close to the Intracoastal Waterway. This property offers two big units, each featuring 2 bedrooms and 1 bathroom. This duplex stands out with its recent upgrades, kitchens have been remodeled in both units. A new roof, installed six months ago.

Both units boast impact windows, providing added security and nergy efficiency. Additionally, the property has undergone a significant upgrade with the conversion from window air conditioning units to central AC systems. The central AC units, along with all-new ductwork, were installed less than a year ago. Duplex sits on a generous 0.31-acre lot for potential future enhancements or additions. Zoned for multi-use.


Presented by Pilar Puente at
Florida Management & Investments LLC.


Property MLS #RX-10997159 from BeachesMLSFlex

Bedrooms: 4

Total Bathrooms: 2
Full Bathrooms: 2

Cooling Features: Ceiling Fan, Central
Heating Features: Central

Flooring: Concrete

Lot Description: 1/2 to < 1 Acre

Association: No
Calculated Total Monthly Association Fees: 0

Gross Income: 43200.00
Tenant Pays: Electric

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: Electric Meter, Range - Electric, Refrigerator
Unit-1 Furnished Description: No
Unit-2 Furnished Description: No
Unit-1 Square Feet: 1050
Unit-2 Square Feet: 1050

Annual Tax Amount: 5774.00
Source Listing Status: Active
County: Palm Beach
Tax Year: 2023
Source Property Type: Residential Income
Area: 5270
Source Neighborhood: KELSEY CITY IN PB 8 PGS 15 TO 18, 23, 27 & 34 TO 37 INC
Subdivision: KELSEY CITY IN PB 8 PGS 15 TO 18, 23, 27 & 34 TO 3
Zoning: Multi Use
Property Subtype: Duplex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$158,665
$5,137
2021$unknown + $unknown
$144,241
$4,296
2020$unknown + $unknown
$131,128
$4,129
2019$unknown + $unknown
$119,207
$3,960
2018$unknown + $unknown
$108,370
$3,371
2017$unknown + $unknown
$98,518
$3,261
2016$unknown + $unknown
$89,562
$3,068
2015$unknown + $unknown
$81,420
$2,867
2014$unknown + $unknown
$74,018
$2,653
2013$unknown + $unknown
$66,671
$2,380
2012$unknown + $unknown
$66,718
$2,381
2011$unknown + $unknown
$90,426
$3,025
2010$unknown + $unknown
$86,152
$2,912
2008$unknown + $unknown
$124,051
$4,393
2007$unknown + $unknown
$177,522
$4,362

Price Changed 2024-07-23
$1,399,000
BeachesMLSFlex
Listed 2024-06-18
$1,499,000
BeachesMLSFlex
Listing removed 2019-12-04
$1,200
BeachesMLSFlex
Listed for rent 2019-10-31
$1,200
BeachesMLSFlex
Listing removed 2019-07-24
$0
BeachesMLSFlex
Listed 2019-07-20
$240,000
BeachesMLSFlex
Listing removed 2018-02-06
$1,000
BeachesMLSFlex
Listed for rent 2018-01-08
$1,000
BeachesMLSFlex
Listing removed 2014-11-21
$875
BeachesMLSFlex
Listing removed 2014-11-20
$875
Appfolio
Listing removed 2014-11-13
$950
RentalRoost
Price Changed for rent 2014-10-27
$875
BeachesMLSFlex
Price Changed for rent 2014-10-24
$875
Appfolio
Listing removed 2014-10-23
$925
JTHSMLS
Listed for rent 2014-10-09
$925
BeachesMLSFlex
Listed for rent 2014-10-09
$925
JTHSMLS
Listed for rent 2014-10-05
$950
RentalRoost
Listed for rent 2014-10-04
$950
Appfolio
Sold 2013-03-21
$86,000
Public Record
Sold 1969-01-01
$29,500
Public Record

Net Operating Income: 33226.00
Operating Expense: 9974.00

Total Square Feet Living: 900
Year Built: 1955
Construction Materials: CBS
Living Area Source: Tax Rolls
Property Age: 69
Property Condition: Resale
Roof: Comp Shingle
Levels or Stories: 1.0
Structure Type: Duplex
Total Area Sqft: 2062
Year Built Details: Resale

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

Lake Park Elementary School is a public elementary school located approximately 0.3 miles away.
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Howell L. Watkins Middle School is a public middle school located approximately 2.4 miles away.
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Palm Beach Gardens High School is a public high school located approximately 3.7 miles away.
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Palm Beach Bilingual School is a private elementary and middle school located approximately 0.5 miles away.
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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.