202 Lucerne Ave #1-14, Lake Worth, FL 33460
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202 Lucerne Ave #1-14, Lake Worth, FL 33460
202 Lucerne Ave #1-14, Lake Worth, FL 33460
202 Lucerne Ave #1-14, Lake Worth, FL 33460
202 Lucerne Ave #1-14, Lake Worth, FL 33460
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Alex Mendel

Alex Mendel

+1(561) 827-8449
$ 2,950,000
Est. payment /mo
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Price Dropped by $30K

202 Lucerne Ave #1-14 Lake Worth, FL 33460

9,320 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,320 sqft

Price per Sqft $316

MLS Listing ID A12001661

HOA Y/N No

Year Built 1974

Annual Tax Amount $52,941

Tax Year 2025

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type Multi Family

Property Description

Well-located 14-unit multifamily property in the heart of downtown Lake Worth Beach at 202 Lucerne Avenue. The asset consists of thirteen 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, all featuring central A/C, private balconies, and ample natural light, along with an on-site laundry facility for additional income. Built in 1974 with concrete block construction and a stucco exterior, the property is currently operated as annual rentals and also holds a valuable transitory license, allowing for potential conversion to short-term rentals and increased revenue. Positioned just steps from Lake Avenue, the property offers exceptional walkability to dining, retail, and entertainment, and is located just minutes from the Intracoastal Waterway, Lake Worth Beach Park, and JFK Medical Center. Strong in-place income with clear upside through rental growth and operational improvements in a highly active and improving downtown submarket supported by ongoing redevelopment and long-term demand drivers.

Location

State FL

County Palm Beach

Area 5600

Interior

Heating Central

Cooling Central Air

Exterior

Roof Type Built-Up

Private Pool Yes

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Block

Others

Tax ID 38434421150300150

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12001661

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Fausto Commercial Realty Consultants Inc

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Alex Mendel

Alex Mendel

Agent

+1(561) 827-8449

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202 Lucerne Ave #1-14

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