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For Sale
Lake Worth
202 Lucerne Ave

202 Lucerne Ave #1-14

Lake Worth, FL 33460

$2,950,000

0.31 Acre

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202 Lucerne Ave #1-14
Lake Worth, FL 33460

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5600 / Lake Worth / FL

Multi Family HIGHLIGHTS

Property Type

Post-War Commercial Sale, Multi Family
Total Area

9,320 Sqft ($317/Sqft)
Central AC

Yes
Year Built

1974

Listing courtesy of Elior Levi of Fausto Commercial Realty Consultants Inc.

Well-located 14-unit multifamily property in the heart of downtown Lake Worth Beach at 202 Lucerne Avenue. The asset consists of thirteen 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, all featuring central A/C, private balconies, and ample natural light, along with an on-site laundry facility for additional income. Built in 1974 with concrete block construction and a stucco exterior, the property is currently operated as annual rentals and also holds a valuable transitory license, allowing for potential conversion to short-term rentals and increased revenue. Positioned just steps from Lake Avenue, the property offers exceptional walkability to dining, retail, and entertainment, and is located just minutes from the Intracoastal Waterway, Lake Worth Beach Park, and JFK Medical Center. Strong in-place income with clear upside through rental growth and operational improvements in a highly active and improving downtown submarket supported by ongoing redevelopment and long-term demand drivers.

202 Lucerne Ave #1-14

Facts & Features

Acres

0.31 Acres
Lot Size

13,505 Sqft
MLS #

A12001661

Property Type

Multi Family
Year Built

1974

Building Area Total

9320
Construction Materials

Block
Levels

Two
Number of Buildings

1

Stories

2
Total Number of Units

14
Total Stories

2
Year Built

1974

Zoning Description

DT (city

Roof

Built-Up

Annual Taxes

$52,941

Cooling

Yes - Central Air
Heating

Yes - Central

Sewer

Public Sewer
Water Source

Public

Home Price

in US Dollars

Down Payment

Interest Rate

Mortgage Term

Total/Month

Principal & Interest
Property Taxes (monthly) $4,412

*The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.

202 Lucerne Ave #1-14

Location

Nearby Points of Interest

M & M Body Works
Health Care, Independent
Delicias Cuban Bakery
Cafes, Healthy
Hammer Petroleum Inc
Car Fueling Stations, Independent
Lake Worth Beach Amoco Inc
Car Fueling Stations, Independent
Cal Coast Computer
Non Food Shops, Independent

Data courtesy of LocalLogic.co

Neighborhood

Lake Worth Beach

Lake Worth Beach blends artistic charm with coastal living along Palm Beach County’s vibrant shoreline. This lively community is known for its historic downtown, colorful murals, and welcoming small-town atmosphere. Centered around...

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202 Lucerne Ave #1-14

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Information deemed reliable but not guaranteed. Information is provided, in part, by Greater
Miami MLS. This information being provided is for consumer's personal, non-commercial use and may
not be used for any other purpose other than to identify prospective properties consumers may be
interested in purchasing.

This information being provided is for consumer's personal, non-commercial use and may not be
used for any other purpose other than to identify prospective properties consumers may be interested
in purchasing.