612 W Drew St, Lantana, FL 33462

$569,000
800
SqFt

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List Price
$569,000
Listing Price
$569,000
Days on Market
12
MLS#
A12079900
County
Palm Beach
Subdivision
Greynolds Highlands
Year Built
1957

Property Description

Unique investment opportunity in the growing coastal community of Lantana. Located just minutes from the beach and major resorts, with convenient access to both West Palm Beach and Boca Raton, this duplex offers two 1-bedroom, 1-bathroom units and excellent flexibility for investors or owner-occupants. Walking distance to the new Lantana Village redevelopment site with future shops, dining, and entertainment. One unit is currently occupied by a long-term tenant, while the second offers the potential for short or long-term rental use, allowing the property to accommodate a variety of investment strategies. Property improvements include a newer roof, impact windows and doors, updated kitchen areas, newer A/C and water heater, and a new washer and dryer. The property also features ample parking with space for 4 vehicles and sits on an oversized lot, offering potential for future expansion or redevelopment, subject to applicable zoning and municipal approvals. Whether you're looking to add an income-producing property to your portfolio, explore a 1031 exchange, or occupy one unit as your primary residence while generating rental income from the other, this property offers a great combination of location, flexibility, and long-term potential.

Additional Information

Total Tax Bill
$5,296
Tax Year
2025
Units
2
Approximate Living Area
800
Construction
Concrete Block Construction
Parking Spaces
4
Exterior Features
Fruit Trees
Sewer
Public Sewer
Cooling
Central Air

Mortgage Calculator

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Calculator source: Real Geeks

Listing Courtesy of Compass Florida LLC, Contact: