101 Lucerne Ave new Save Request In-Person Tour Request Virtual Tour
Lake Worth,FL 33460
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,730 sqft
Price per Sqft $677
Subdivision Lake Worth Town Of
MLS Listing ID A11821345
Style Fourplex
Construction Status Resale
HOA Y/N No
Year Built 1945
Annual Tax Amount $12,350
Tax Year 2024
Property Sub-Type Quadruplex
Property Description
The Lucerne is a 5-unit Art Deco property featuring 4 studio apartments and a detached 2BD/2BA single-family home, offering privacy and flexibility for personal use or premium STR. Located just minutes from Palm Beach beaches, golf courses, downtown Lake Ave shops and dining, and the iconic Gulfstream Hotel, which is undergoing a $100M+ renovation expected to transform the area's hospitality market. Zoned Downtown Commercial, this well-maintained property has zero deferred maintenance and all tenants on month-to-month leases, allowing for immediate repositioning. With strong income potential, value-add upside through interior upgrades, and versatile configurations for investors or owner-users, The Lucerne is a rare, high-demand opportunity in a booming market.
Location
State FL
County Palm Beach
Community Lake Worth Town Of
Area 5600
Interior
Heating Wall Furnace
Cooling Central Air,Wall/Window Unit(s)
Flooring Hardwood,Terrazzo,Tile,Vinyl,Wood
Exterior
Pool None
Utilities Available Cable Available
Roof Type Flat,Tile
Total Parking Spaces 5
Private Pool No
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Construction Status Resale
Others
Tax ID 38434421155130050
Acceptable Financing Cash,Conventional,Owner May Carry
Listing Terms Cash,Conventional,Owner May Carry
Virtual Tour https://www.youtube.com/watch?v=G89shOE81B8