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

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

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.

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

Heating

Central Individual A/C

Cooling

Central Individual A/C

Pool Private

No

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

Building Area Total

9320

Building Area Units

Square Feet

Stories

2

Stories Total

2

Association

No

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

Lot Size Square Feet

13,505

Waterfront

No

View

No

Construction Materials

Concrete Block Construction

Roof

Built-Up

Sewer

Public Sanitation

Water Source

Public

New Construction

No

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

Parcel Number

38434421150300150

Tax Annual Amount

$52,941

Tax Year

2,025

Tax Legal Description

TOWN OF LAKE WORTH LTS 15 & 16 BLK 30

Zoning

DT (city

County Or Parish

Palm Beach County

Location