18 S M St, Lake Worth, FL 33460



Downtown Lake Worth Historic Investment

Property Info
MLS #:RX-10657522
Baths:6 Baths (6 F)
Size:3,923 ft²
Lot Size:6,750 ft²
  • 6-7 Unit Multi-Family commercial property steps from Lake Avenue!!!
  • Use as a Single Family residence while you collect on 2, 3, or even 4 units!
  • Well maintained with room for added value and raised rent $$$
  • Less than 1 Mile walk to beach and just steps to shops & restaurants.

Offering a choice of commercial, residential or income-producing property, this historic home is located in the heart of Lake Worth just one block from Lake Avenue and one mile from the beach. Use as a 6-7 unit multi-family investment property or as a single family home and rent additional units (numerous options available). Possible Airbnb potential with city changes in the works. Currently configured as 4 large 1/1 apts, 2 studios. New Roof. Finished 2-car garage with full bath and offers the possibility of additional conversion if permitted.

Property is listed as Commercial, Residential, Residential Income.. Owner has the CHOICE! 

Lake Worth has great beaches, a new fishing pier, historic buildings, and a revitalized downtown with an eclectic mix of antique stores, specialty shops, restaurants, art galleries, music venues and special events. One event not to be missed is the Lake Worth Street Painting Festival, where the asphalt becomes a canvas in a temporary, open-air museum. Other cultural activities center around the tree-shaded square on Lake and Lucerne Avenues. Golf is a favorite, too, at the Lake Worth Municipal Golf Course, one of the most scenic courses in The Palm Beaches, right on the Intracoastal Waterway and Lake Worth Lagoon.

1) Lease Information:   


UNIT 1:  Lease Expires: 5-1-2021 / 1br/1bath $1,100/month  


UNIT 2:  Lease Expires: 10-1-2021 / 1br/1bath $1,000/month


UNIT 3:  Lease Expires: 10-1-2021 / 1br/1bath $1,100/month


UNIT 4:  Lease Expires: 1-1-2021 1br/1bath $1,000/month


UNIT 5:  Lease Expires: 3-1-2021 /  Efficiency with full Bath & Kitchenette $800/month


UNIT 6:  Lease Expires: 1-1-2021 / Studio with full Bath & Kitchen $850/month


UNIT 7: Is a conversion in the garage, not a legal unit at this time, being used for storage, does have a full bath and living area. Possible multiuse with city approval.


2) Expenses:


a) Cable is $110 per month entire building (owner provides right now)

Electricity: 5 total meters

-1 & 5 on same meter $110/month (Owner Pays)

-6 & 7 (known as garage) on same meter $75/month (Owner Pays)

-2, 3, 4 (tenants pay electricity)


b) 1 Water Meter $250/month 


c) Natural Gas $60/month


d) Taxes: $10,289.69


e) Insurance Cost: $2,686.00 year


f) Pest Control: $66.00


General Information
School District:
Palm Beach
Cross Street:
M Street
Annual Property Tax:
HOA Dues:
Palm Beach
Building Details
Year Built:
# of Stories:
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*Rates for August 2022. Information displayed is accurate as of the date of the latest update and is subject to change without notice. Loan pricing can only be locked through a home mortgage consultant. Other restrictions may apply. The Rate/APR and other terms may vary from those displayed based on the creditworthiness of the borrower, the type of dwelling, whether the borrower is self-employed, the location of the property and other factors. Please contact a lender in your area to determine what rates you qualify for.

**Rates calculated from national averages.  To determine rates in your area please contact your local lender.

Local Schools

School NameTypeDistanceGreatSchools Rating
Precious Promise Learning Center & Christian Aca
210 N. 'J' St., Lake Worth, FL 33460
(561) 540-4459
0.27 mi
Sacred Heart School
410 North M Street, Lake Worth, FL 33460
(561) 582-2242
0.4 mi
South Grade Elementary School
716 South K Street, Lake Worth, FL 33460
(561) 202-9400
0.59 mi
Classical Christian Academy of the Palm Beaches
128 North C Street, Lake Worth, FL 33460
(561) 469-9470
0.62 mi
Our Savior Lutheran School
1615 Lake Ave, Lake Worth, FL 33460
(561) 582-8624
0.7 mi
North Grade Elementary School
824 North K Street, Lake Worth, FL 33460
(561) 202-9300
0.74 mi
Lake Worth High School
1701 Lake Worth Road, Lake Worth, FL 33460
(561) 533-6300
0.82 mi
Lake Worth High Adult Education Center
1701 Lake Worth Road, Lake Worth, FL 33460
(561) 533-6363
0.82 mi
Precious Promise Learning Center & Christian Academy
1744 Lake Worth Road, Lake Worth, FL 33460
(561) 540-4459
0.85 mi
Highland Elementary School
500 Highland Avenue, Lake Worth, FL 33460
(561) 202-0500
0.92 mi
Academy For Positive Learning
1200 North Dixie Highway, Lake Worth, FL 33460
(561) 585-6104
1.07 mi
Dibacco School
1119 Crestwood Blvd, Lake Worth, FL 33460
(561) 283-6796
1.19 mi
Unity For Kids
1325 North A Street, Lake Worth, FL 33460
(561) 578-8270
1.43 mi
The Elles School
1325 N A St, Lake Worth, FL 33460
(561) 588-1954
1.43 mi
South Area Secondary Intensive Transition Program
1509 Barton Road, Lake Worth, FL 33460
(561) 202-0600
1.57 mi
Barton Elementary School
1700 Barton Road, Lake Worth, FL 33460
(561) 540-9100
1.6 mi
Lake Worth Community Middle School
1300 Barnett Drive, Lake Worth, FL 33461
(561) 540-5500
1.61 mi
Northern Private School
1822 High Ridge Road, Lake Worth, FL 33461
(561) 585-4053
2.16 mi
Lantana Elementary School
710 West Ocean Avenue, Lantana, FL 33462
(561) 202-0300
2.2 mi
Palm Beach Maritime Academy
1518 West Lantana Road, Lantana, FL 33462
(561) 547-3775
2.26 mi
Mavericks High School At Palm Springs
3525 South Congress Avenue, Palm Springs, FL 33461
(561) 623-6935
2.36 mi
Palm Beach Maritime Academy High School
600 East Coast Avenue, Lantana, FL 33462
(561) 578-5700
2.45 mi
Lantana Middle School
1225 West Drew Street, Lantana, FL 33462
(561) 540-3400
2.46 mi
Lantana Middle Adult Education Center
1225 West Drew Street, Lantana, FL 33462
(561) 533-6382
2.46 mi
St Luke School
2892 South Congress Avenue, Lake Worth, FL 33461
(561) 965-8190
2.47 mi

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Licensed Broker Associate BK3003661 Auctioneer and Business AB: 1446 AU: 1986

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