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4614 Gulfstream Road, Lake Worth, FL 33461
Overview
Description
Supplements: ... (Read more) 3 one-bedroom, one-bathroom units. Based on comparable rental rates, the projected rental income could reach approximately $44,500 per month, or $534,000 annually, assuming all 20 units are rented at the estimated market rates of $2,300 per month for the two-bedroom units and $1,800 per month for the one-bedroom units. These figures represent potential gross rental income before expenses, vacancy, and other operating costs. Ideal for investors seeking their next project, builders looking to expand their portfolio, or developers pursuing multifamily opportunities in a central Lake Worth location. With substantial preliminary work already completed, this property presents an opportunity to build on the progress made and explore its full development potential. Buyer to independently verify zoning, approvals, development feasibility, and all intended uses with the appropriate authorities. Seller is open to seller financing.
Listing Details MLS# B26089883
General Property Information
- Number Of Units Total
- 4
- Property Sub Type
- Quadruplex
- Building Area Main
- 16281
- Building Area Source
- Plans
- Living Area Main
- 16281
- Living Area Source
- Plans
- Accessibility Features YN
- No
- Year Built
- 1948
- Parking Total
- 2
- Gated Community YN
- No
- Lot Size Area
- 79714.8
- Lot Size Acres
- 1.83
- Senior Community YN
- No
- Stories Total
- Yes
- Pool Private YN
- No
Property Features
Contract Information
- Comp Sale YN
- No
- Original List Price
- 1250000
- Listing Service
- Full Service
Location and Legal
- Country
- United States
- County Or Parish
- Palm Beach
- Street Number
- 4614
- Street Name
- Gulfstream
- Street Suffix
- Road
- Municipality Type
- Unincorporated
- Municipal Code
- 00
- State Or Province
- FL
- Postal Code
- 33461
- Postal Code +4
- 5108
- Subdivision Name
- Covenant Villas
- Development Name
- Covenant Villas
- Area
- 5700
- Geographic Area
- PB17
- Elementary School
- Starlight Cove
- Middle Or Junior School
- Tradewinds
- High School
- Lake Worth
- Special Assessment YN
- No
- Parcel Number
- 00434430280010000
- Subdivision Number
- 28
- Zoning
- RM
- Flood Zone
- X
- Directions
- 6th west from I95. Right on Gulfstream. Property on the right
- Multiple Offers Accepted
- Yes
Financial Information
- Master Association YN
- No
- Tax Annual Amount
- 9362.3
- Tax Year
- 2025
- Tax Legal Description
- COVENANT VILLAS TR A K/A ALL OF PLAT
Status Change Information
- Major Change Timestamp
- 2026-10-19T13:15:20Z
- Major Change Type
- New Listing
- Status Change Date
- 2026-10-19
More Information
Leasing Permitted Details
- Leasing Permitted YN
- Yes
Meter Information
- Separate Electric Meters YN
- Yes
- Number Of Separate Electric Meters
- 20
- Separate Gas Meters YN
- Yes
- Number Of Separate Gas Meters
- 20
- Separate Water Meters YN
- Yes
- Number Of Separate Water Meters
- 20
Pet Details
- Pet Fee YN
- No
Unit 1 Details
- Actual Rent
- 2200
- Baths Full
- 2
- Efficiency YN
- No
- Furnished
- Unfurnished
- Hotel Room YN
- No
- SqFt
- 846
Unit 1 Lease Description
- Currently Leased YN
- No
Unit 1 Parking Details
- Carport YN
- No
- Garage YN
- No
Unit 2 Details
- Actual Rent
- 1800
- Baths Full
- Yes
- Efficiency YN
- No
- Furnished
- Unfurnished
- Hotel Room YN
- No
- SqFt
- 633
Unit 2 Lease Description
- Currently Leased YN
- No
Unit 2 Parking Details
- Carport YN
- No
- Garage YN
- No
Price Calculations
- Current Price To SqFt
- 76.77
Originating Details
- Originating System Key
- 20261013174314039283000000
- Originating System ID
- M00000170
