$499,900

Price reduced

612 W Drew St, Lantana FL 33462

800 sq ftBuilt 1957MLS# A12079900

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About this property

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.

Property details

Property type
Multi-family
Year built
1957
Living area
800 sq ft
Price per sq ft
$625
Property taxes
$5,296/yr
Parking
4 spaces
Building / community
Greynolds Highlands
Status
Price reduced
MLS #
A12079900

Listing courtesy of Compass Florida LLC.

Location

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