3088 Prince Drive, Lake Worth, FL 33461 (MLS# B26055335)

3088 Prince Drive, Lake Worth, FL 33461

New Listing

$575,000

Virtual Tour

https://www.propertypanorama.com/3088-Prince-Drive-Lake-Worth-FL-33461/unbranded

Property Type: Residential Income Square Footage: 2,000 Status: Active

Current Price: $575,000 List Date: 7/22/2026 Last Modified: 7/22/2026

Overview

Description

Excellent investment opportunity! Well-maintained duplex featuring two spacious 2-bedroom, 1-bath units plus a den/office in each unit. The den is currently being used as a third bedroom, offering additional flexibility and rental potential. Each unit has its own private washer and dryer, separate electric meter, and remodeled bathroom. Long-term tenants have been in place for over 10 years and would like to remain, providing stable income from day one. Current rents are $2,100/month and $2,000/month, offering immediate cash flow with upside potential. The fully paved backyard eliminates rear lawn maintenance, helping keep operating expenses low. Recent improvements include a new permitted roof (2025), permitted plumbing upgrades (2025), and permitted electrical improvements (2024).

Supplements: Seller updates also include newer A/C systems, newer water heaters, remodeled bathrooms, and private washers and dryers in each unit. This is a turnkey, income-producing property that's ideal for investors seeking strong cash flow with minimal deferred maintenance.

Listing Details MLS# B26055335

General Property Information

Number Of Units Total: 2
Property Sub Type: Duplex
Building Area Main: 2000
Building Area Source: Appraiser
Living Area Main: 1800
Living Area Source: Assessor
Accessibility Features YN: No
Year Built: 1960
Parking Total: 6
Gated Community YN: No
Senior Community YN: No
Stories Total: Yes
Pool Private YN: No

Property Features

Documents Available: Copy Of Lease(s); None Exterior Features: Storage Fencing: Back Yard; Fenced Flooring: Ceramic Tile; Tile Leasing Permitted Details: Okay To Lease Property Condition: Resale Special Listing Conditions: Standard Tenant Pays: Cable TV; Electricity Source Of Expenses: Owner Provided; Other Construction Materials: Block; Frame Cooling: Ceiling Fan(s); Central Air; Wall/Window Unit(s) Heating: Central; Separate Meters Laundry Features: Electric Dryer Hookup; Inside; Laundry Room; Washer Hookup Levels: One Listing Terms: Cash; Conventional; FHA Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Subject To Tenant Rights Restrictions: No Restrictions Roof: Composition; Shingle Sewer: Public Sewer Special Information: Sold As-Is Tax Information: County Only Utilities: Cable Available Water Source: Public Unit 1 Appliances: Dryer; Refrigerator; Washer Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Parking Space Unit 1 Rooms: Den Unit 2 Appliances: Dryer; Range; Refrigerator; Washer Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Parking Space Unit 2 Rooms: Den

Contract Information

Comp Sale YN: No
Original List Price: 575000
Negotiable Seller Concessions YN: Yes
Listing Service: Full Service

Location and Legal

Country: United States
County Or Parish: Palm Beach
Street Number: 3088
Street Name: Prince
Street Suffix: Drive
State Or Province: FL
Postal Code: 33461
Postal Code +4: 5545
Subdivision Name: Palm Beach Farms Co Place
Area: 5700
Geographic Area: PB17
Elementary School: Barton
Middle Or Junior School: Lake Worth
High School: Lake Worth
Special Assessment YN: No
Parcel Number: 00434430011270012
Zoning: RM

Financial Information

Master Association YN: No
Tax Annual Amount: 7743
Tax Year: 2025
Tax Legal Description: PALM BEACH FARMS CO PL NO 7 W 90 FT OF E 180 FT OF LT A (LESS N 26 FT RD R/W) BLK 127
Assessor Market Value: 322660
Estimated Monthly Assoc Recurring Fee: 0

Status Change Information

Major Change Timestamp: 2026-07-22T18:50:03Z
Major Change Type: New Listing
Status Change Date: 2026-07-22

More Information

Co-Ownership

Property Management YN: No

Leasing Permitted Details

Leasing Permitted YN: Yes
Okay To Lease: Yes

Meter Information

Separate Electric Meters YN: Yes
Number Of Separate Electric Meters: 2
Separate Gas Meters YN: No
Separate Water Meters YN: No

Income and Expenses

Annual Total Expense: 10000
Gross Income: 49200
Net Operating Income: 40000
Operating Expense: 8000

Pet Details

Pet Fee YN: No

Leasing Restrictions

Leasing - Max Times Per Year: 365
Leasing - Minimum Number of Days: Yes

Unit 1 Details

Actual Rent: 2000
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 1100

Unit 1 Lease Description

Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2026-12-09
Occupant Type: Tenant

Unit 1 Parking Details

Carport YN: No
Garage YN: No

Unit 2 Details

Actual Rent: 2000
Baths Full: Yes
Efficiency YN: No
Furnished: Unfurnished
Hotel Room YN: No
SqFt: 1100

Unit 2 Lease Description

Currently Leased YN: Yes
Lease Term: 12 Months
Lease Expiration: 2026-12-10

Unit 2 Parking Details

Carport YN: No
Garage YN: No

Price Calculations

Current Price To SqFt: 319.44

Originating Details

Originating System Key: 20260722181242829485000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Exterior Features

Storage: Yes

Flooring

Ceramic Tile: Yes
Tile: Yes

Property Condition

Resale: Yes

Special Information

Sold As-Is: Yes

Special Listing Conditions

Standard: Yes

Documents Available

Copy Of Lease(s): Yes
None: Yes

Fencing

Back Yard: Yes
Fenced: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes

Possession

Subject To Tenant Rights: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes

Heating

Central: Yes
Separate Meters: Yes

Construction Materials

Block: Yes
Frame: Yes

Laundry Features

Electric Dryer Hookup: Yes
Inside: Yes
Laundry Room: Yes
Washer Hookup: Yes

Levels

One: Yes

Listing Terms

Cash: Yes
Conventional: Yes
FHA: Yes

Roof

Composition: Yes
Shingle: Yes

Water Source

Public: Yes

Source Of Expenses

Owner Provided: Yes
Other: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Wall/Window Unit(s): Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

No Restrictions: Yes

Restrictions

No Restrictions: Yes

Tax Information

County Only: Yes

Unit 1 Appliances

Dryer: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes

Unit 1 Parking Features

Parking Space: Yes

Unit 1 Rooms

Den: Yes

Unit 2 Appliances

Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes

Unit 2 Parking Features

Parking Space: Yes

Unit 2 Rooms

Den: Yes

Listing Office: The Keyes Company

Last Updated: July - 22 - 2026

Broker Attribution: 561-577-0398

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