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Property Description

Exceptional 4-Plex Investment Opportunity - Priced Below Appraised Value!
Rare opportunity to acquire a well-maintained four-unit multifamily property offered below appraisal, providing immediate upside for investors. Each of the four spacious units features 2 bedrooms, 1 bathroom, plus an additional den that can be utilized as a home office or potential third bedroom. All units are currently rented at $2,000 per month on month-to-month leases, providing flexibility for a new owner to adjust rental rates.
All units offer the convenience of in-unit laundry rooms and separately metered electric and water, ensuring efficient management and reduced owner expenses. Three units have undergone recent renovations, enhancing rental appeal and value. Major capital improvements include a brand-new roof installed in 2025 and fresh exterior paint, delivering peace of mind and minimizing future maintenance costs.
Strong income potential, functional layouts, and solid upgrades make this property an excellent addition to any investment portfolio. Ideal for long-term hold, house hacking, or value-add strategy.

DISCLAIMER: Information published or otherwise provided by the listing company and its representatives including but not limited to prices, measurements, square footages, lot sizes, calculations, statistics, and videos are deemed reliable but are not guaranteed and are subject to errors, omissions or changes without notice. All such information should be independently verified by any prospective purchaser or seller. Parties should perform their own due diligence to verify such information prior to a sale or listing. Listing company expressly disclaims any warranty or representation regarding such information. Prices published are either list price, sold price, and/or last asking price. The listing company participates in the Multiple Listing Service and IDX.

Overview

Property Status
Pending
MLS ID
R11158021
Property Type
Multi-Family
Year Built
1976

Features & Amenities

Total Area
4,076 Sq.Ft.
Water Frontage
None
Stories
1
Water Source
Multiple Meters
Utilites
None
Roof
Composition
Lot Features
1/4 to 1/2 Acre Lot, Sprinklers Automatic
Heat Type
Other
Air Conditioning
Central Air, Ceiling Fan(s)
HOA Amenities
None
Elementary School
Barton
Middle School
Lantana Community
High School
Lake Worth
Sales Price
$974,000
Real Estate Tax
$16,274/yr
Zoning
SF-TF-14—SINGLE

Downloads

711 Truman Avenue

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for your interest in 711 Truman Avenue, Lake Worth Beach, FL 33460

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