612 W Drew Street, Lantana, FL 33462

$569,000
800
SqFt

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List Price
$569,000
Days on Market
1
MLS#
A12079900
Year Built
1957
Living Area
800
MLS Area Major
5640

Property Description

Unique investment opportunity in the growing coastal community of Lantana. Located just minutes from the beach and major resorts, with convenient access to both West Palm Beach and Boca Raton, this duplex offers two 1-bedroom, 1-bathroom units and excellent flexibility for investors or owner-occupants. Walking distance to the new Lantana Village redevelopment site with future shops, dining, and entertainment. One unit is currently occupied by a long-term tenant, while the second offers the potential for short or long-term rental use, allowing the property to accommodate a variety of investment strategies. Property improvements include a newer roof, impact windows and doors, updated kitchen areas, newer A/C and water heater, and a new washer and dryer.The property also features ample parking with space for 4 vehicles and sits on an oversized lot, offering potential for future expansion or redevelopment, subject to applicable zoning and municipal approvals.Whether you're looking to add an income-producing property to your portfolio, explore a 1031 exchange, or occupy one unit as your primary residence while generating rental income from the other, this property offers a great combination of location, flexibility, and long-term potential.

Additional Information

Taxes
$5,296
Utilities
Cable Available
Heating
Central, Separate Meters
Air Conditioning
Central Air
Exterior Construction
Block
Roof
Shingle
Elementary School
Lantana
Middle School
Lantana Community
High School
Lake Worth

Listing courtesy of Compass Florida LLC. Contact:

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