646 Latona Ave Lake Worth, FL 33460
Whispering Palms NeighborhoodEstimated payment $5,216/month
Highlights
- Cooling System Mounted To A Wall/Window
- Fenced
- Wall Furnace
- Ceramic Tile Flooring
About This Home
Unique opportunity! This 4plex boasts individual units, each comprising 2 bedrooms and 1 bathroom, complete with separate water and electric meter & Parking. Currently rented at $1650 per month per unit, this property promises lucrative returns. Don't overlook the potential for significant cash flow! With a fully rented status below market rent, it offers an impressive 7.6% ROI. Proof of funds required with offers.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,088
Year Built
- Built in 1958
Lot Details
- 5,602 Sq Ft Lot
- Fenced
Home Design
- Tar and Gravel Roof
Interior Spaces
- 2,880 Sq Ft Home
- 1-Story Property
- Single Hung Metal Windows
Flooring
- Laminate
- Ceramic Tile
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Assessor Parcel Number 38434434020000120
Community Details
Overview
- 4 Units
- Latona Court Amnded Plat Subdivision
Building Details
- Operating Expense $28,000
- Net Operating Income $42,645
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $13,296 | $511,148 | -- | -- |
| 2023 | $13,088 | $508,586 | $78,208 | $430,378 |
| 2022 | $12,841 | $491,628 | $0 | $0 |
| 2021 | $8,040 | $271,981 | $96,000 | $175,981 |
| 2020 | $6,649 | $256,843 | $96,000 | $160,843 |
| 2019 | $6,174 | $228,742 | $80,000 | $148,742 |
| 2018 | $5,494 | $185,780 | $74,520 | $111,260 |
| 2017 | $5,118 | $159,371 | $64,800 | $94,571 |
| 2016 | $4,672 | $131,042 | $0 | $0 |
| 2015 | $3,738 | $64,923 | $0 | $0 |
| 2014 | $3,434 | $59,021 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/11/2025 04/11/25 | Pending | -- | -- | -- |
| 02/10/2025 02/10/25 | For Sale | $739,000 | 0.0% | $257 / Sq Ft |
| 12/23/2024 12/23/24 | Off Market | $739,000 | -- | -- |
| 11/11/2024 11/11/24 | Price Changed | $739,000 | -2.6% | $257 / Sq Ft |
| 06/24/2024 06/24/24 | Price Changed | $759,000 | -2.6% | $264 / Sq Ft |
| 04/15/2024 04/15/24 | For Sale | $779,000 | +29.8% | $270 / Sq Ft |
| 10/29/2022 10/29/22 | Sold | $600,000 | -3.1% | $208 / Sq Ft |
| 08/29/2021 08/29/21 | Pending | -- | -- | -- |
| 08/15/2021 08/15/21 | For Sale | $619,000 | +79.9% | $215 / Sq Ft |
| 05/21/2021 05/21/21 | Sold | $344,000 | -4.4% | $119 / Sq Ft |
| 04/21/2021 04/21/21 | Pending | -- | -- | -- |
| 11/06/2020 11/06/20 | For Sale | $360,000 | 0.0% | $125 / Sq Ft |
| 01/30/2012 01/30/12 | Rented | $515 | -6.4% | -- |
| 12/31/2011 12/31/11 | Under Contract | -- | -- | -- |
| 12/22/2011 12/22/11 | For Rent | $550 | -- | -- |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $600,000 | Citadel T&E Co Llc | |
| Warranty Deed | $344,000 | Citadel T&E Co Llc | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | Attorney | |
| Warranty Deed | $80,000 | Title Svcs Of Palm Beaches | |
| Deed In Lieu Of Foreclosure | $240,000 | Attorney | |
| Warranty Deed | $300,000 | None Available | |
| Special Warranty Deed | $78,000 | -- | |
| Trustee Deed | -- | -- | |
| Warranty Deed | $106,000 | -- | |
| Warranty Deed | $28,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $382,500 | New Conventional | |
| Previous Owner | $240,000 | Seller Take Back | |
| Previous Owner | $74,000 | New Conventional | |
| Previous Owner | $58,500 | Purchase Money Mortgage | |
| Previous Owner | $76,800 | New Conventional | |
| Previous Owner | $35,000 | Purchase Money Mortgage |
Source: BeachesMLS
MLS Number: R10978437
APN: 38-43-44-34-02-000-0120
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