Lake Worth Duplex — In-Place Rental Income
1129 N Dixie Highway, Lake Worth Beach, FL, 33460
Asking price
$412,000
ARV
$540,000
Estimated repairs
$48,000
EMD / escrow
$15,000
Side-by-side 2/1 duplex producing $3,150/mo gross with both units on month-to-month, one block off Dixie.
Property facts
- Property type
- Multifamily
- Bedrooms
- 4
- Bathrooms
- 2
- Living area
- 1,880 sq ft
- Lot size
- 6,100 sq ft
- Year built
- 1958
- Occupancy
- Tenant Occupied
- Pool
- No
- Garage / carport
- None
- County
- Palm Beach County
About this deal
Side-by-side duplex, two 2/1 units, each approximately 940 SF, located a block off North Dixie Highway in the Lake Worth Beach rental corridor. Both units are occupied on month-to-month tenancies at a combined $3,150 per month, which is roughly 15% under market for renovated product in the submarket. Separate electric meters, shared water. The buyer's upside is a light unit-turn program at $20K–$25K per side as tenancies roll, supporting $1,950–$2,050 per unit. Metal roof installed 2021. Strong long-term hold or BRRRR candidate with a value-add rent story rather than a heavy construction story.
Investment highlights
- $3,150/mo in place, approximately 15% under market
- Separately metered electric
- Metal roof 2021
- Light $20K–$25K per-side unit turns
- Walkable to downtown Lake Worth Beach
Terms & timeline
Transaction type
Target closing
Inspection period
Showing & access
Comparable sales
| Address | Price | Type | Date |
|---|---|---|---|
| 706 N K Street, Lake Worth Beach FL 33460Renovated duplex, both units turned, $4,100/mo gross. | $555,000 | Sold | Apr 24, 2026 |
| 1402 N Federal Highway, Lake Worth Beach FL 33460Duplex, partial renovation, 1,820 SF total. | $528,000 | Sold | Feb 19, 2026 |
All information is deemed reliable but not guaranteed. Buyers are responsible for their own due diligence, inspections, and verification of all figures including ARV, repair estimates, square footage, and permitting. Properties are offered for assignment or resale and are not listed on the MLS unless expressly stated.