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

3088 Prince Drive, Lake Worth, FL 33461

$530,000

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: $530,000 List Date: 7/22/2026 Last Modified: 10/12/2026

Overview

Description

BRAND NEW ROOF!! 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. BOTH TENANTS ON MONTH TO MONTH. Backyard is all pavers eliminates rear lawn maintenance, 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

Status Change Information

Major Change Timestamp: 2026-10-12T16:07:02Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-10-12T16:07:02Z
Status Change Date: 2026-07-22

More Information

Co-Ownership

Property Management YN: No

Leasing Permitted Details

Leasing Permitted YN: 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: 2026-06-01
Occupant Type: Tenant

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

Listing Office: The Keyes Company

Last Updated: October - 12 - 2026

Broker Attribution: 561-577-0398

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