7871 Terrace Road, Lantana, FL 33462
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  • MLS#: TB8490469 ( ResidentialIncome )
  • Street Address: 7871 Terrace Road
  • Viewed: 2
  • Price: $499,999
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1955
  • Bldg sqft: 0
  • Bedrooms: 2
  • Total Baths: 2
  • Additional Information
  • Geolocation: 26.5595 / -80.0573
  • County: PALM BEACH
  • City: Lantana
  • Zipcode: 33462
  • Subdivision: Tropical Terrace
  • Provided by: RICHARD PETERS REALTY LLC
  • 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.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: PrivateEntrance
  • Flooring: Laminate
  • Living Area: 944.00
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: WallWindowUnits, CeilingFans
  • Heating: None
  • Sewer: PublicSewer
  • Utilities: MunicipalUtilities
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Pet Deposit: 0.00
  • Security Deposit: 0.00
  • Tax Year: 2025
  • Trash Expense: 0.00
Other Features
  • Appliances: ConvectionOven, Refrigerator
  • Country: US
  • Interior Features: BuiltInFeatures, CeilingFans, EatInKitchen, SolidSurfaceCounters, WoodCabinets
  • Legal Description: TROPICAL TERRACE LTS 87 & 88
  • Area Major: 33462 - Lake Worth
  • Parcel Number: 00-43-45-10-07-000-0870
  • The Range: 0.00
  • Zoning Code: RM
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Details for 7871 Terrace Road, LANTANA, FL 33462
$499,999.00

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*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 dupl

  1. Bedrooms: 2
  2. Baths: 2
  1. MLSID: TB8490469
  2. Provided by RICHARD PETERS REALTY LLC
  3. Contact KEVIOUS DOUGLAS, LLC
  4. mfrmls
  5. DMCA Notice