7871 TERRACE RD, Lantana, FL 33462
7871 TERRACE RD, Lantana, FL 33462
7871 TERRACE RD, Lantana, FL 33462
7871 TERRACE RD, Lantana, FL 33462
7871 TERRACE RD, Lantana, FL 33462
7871 TERRACE RD, Lantana, FL 33462
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$ 454,999
Est. payment | /mo

2 Beds

2 Baths

944 SqFt


$ 454,999
Est. payment | /mo

2 Beds

2 Baths

944 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 944 sqft

Price per Sqft $481

Subdivision Tropical Terrace

MLS Listing ID TB8490469

Bedrooms 2

HOA Y/N No

Year Built 1955

Annual Tax Amount $8,337

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type Duplex

Source Stellar MLS

Property Description

*Exceptional Turnkey Multi-Family Investment Opportunity *Discover a cash-flowing, income-producing asset perfectly positioned for the savvy investor or owner-operator. This 2-bedroom, 2-bathroom duplex delivers immediate rental income with remarkable upside potential. Unit A is currently vacant, but a recent tenant was paying $1,500 per month, while Unit B has been successfully operated as an Airbnb, grossing an impressive $31,000 last year. Both units have been freshly remodeled and feature modern laminate flooring throughout, stylish breakfast bars, and updated finishes that attract quality tenants and guests alike. Unit B showcases brand new wood cabinets and comes fully furnished, equipped with a coffee maker, microwave, couch, bed, two televisions, computer desk, and chair — meaning you can begin generating Airbnb income from day one with zero additional investment. Major capital improvements have already been completed, including a brand new roof installed in 2024 and two wall-mounted AC units added to each unit in 2024. These significant upgrades provide peace of mind and reduce future maintenance costs, allowing you to maximize your returns immediately. Whether you choose to continue the current dual-income strategy, convert both units to long-term rentals, or occupy one unit while the other pays your mortgage, the flexibility of this property is unmatched. Located in the desirable Lantana community with easy access to beaches, dining, and local attractions, this duplex is ideally suited for short-term rental demand. This property is easy to show and ready for its next owner. Schedule your private tour today and start building your real estate portfolio. No assignable contracts.

Location

State FL

County Palm Beach

Community Tropical Terrace

Area 33462 - Lake Worth

Zoning RM

Interior

Interior Features Ceiling Fans(s), Eat-in Kitchen, Solid Surface Counters, Solid Wood Cabinets

Heating None

Cooling Wall/Window Unit(s)

Flooring Laminate

Fireplace false

Appliance Convection Oven, Refrigerator

Laundry None

Exterior

Exterior Feature Private Entrance

Utilities Available Public

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Block

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Stucco

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8490469

Stellar MLS
Listed by KEVIOUS DOUGLAS, LLC RICHARD PETERS REALTY LLC
Nearby Locations

GET MORE INFORMATION

YHSGR Corporate
YHSGR Corporate

Broker

+1(678) 327-4255

435 E. Main Street, Buford, Georgia, 30518, USA

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7871 TERRACE RD