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  • MLS#: TB8490469 ( Residential Income )
  • Street Address: 7871 Terrace Road
  • Viewed: 19
  • Price: $454,999
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1955
  • Bldg sqft: 0
  • Bedrooms: 2
  • Total Baths: 2
  • Days On Market: 32
  • Additional Information
  • Geolocation: 26.5595 / -80.0573
  • County: PALM BEACH
  • City: LANTANA
  • Zipcode: 33462
  • Subdivision: Tropical Terrace
  • Provided by: RICHARD PETERS REALTY LLC
  • Contact: KEVIOUS DOUGLAS, LLC
  • 352-448-9712
  • mfrmls
  • DMCA Notice
  • 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.
Features
Appliances
  1. Convection Oven
  2. Refrigerator
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Private Entrance
Flooring
  1. Laminate
Garage Spaces
  1. 0.00
Heating
  1. None
Insurance Expense
  1. 0.00
Interior Features
  1. Ceiling Fans(s)
  2. Eat-in Kitchen
  3. Solid Surface Counters
  4. Solid Wood Cabinets
Legal Description
  1. TROPICAL TERRACE LTS 87 & 88
Living Area
  1. 944.00
Area Major
  1. 33462 - Lake Worth
Net Operating Income
  1. 0.00
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 00-43-45-10-07-000-0870
Property Type
  1. Residential Income
Roof
  1. Shingle
Sewer
  1. Public Sewer
Tax Year
  1. 2025
Township
  1. 45
Utilities
  1. Public
Views
  1. 19
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/TB8490469
Water Source
  1. Public
Year Built
  1. 1955
Zoning Code
  1. RM