$495,000
Unique triplex opportunity in the heart of Lantana, just minutes from downtown, local shops, and the beach. Situated on a 50 x 150 lot, this property offers two points of access, with the front facing N. 5th Street and the side facing Gator Drive, a quiet dead-end road—providing added privacy and flexible access for parking, storage, work vehicles, or future use. The front unit is a charming 2-bedroom, 1-bath cottage-style home with wood floors and a dedicated interior laundry room. Behind the main house is a 1-bedroom, 1-bath apartment with a partial garage and its own laundry area, and at the rear of the property is a separate studio apartment, creating three distinct units. All buildings are concrete block construction with three separate electric meters. The lot is long and deep, offering room for additional parking, storage, or possible expansion. The property needs some work and a new roof, but offers solid structure and strong upside. Delivered vacant, allowing a new owner to renovate, customize, or lease at market rents, with estimated potential gross income of approximately $58,000 annually. Ideal for an owner-occupant looking to live in one unit and rent the others, a multi-generational setup, or an investment opportunity. Due to condition, financing will likely be cash or conventional. 24-hour notice required for showings as there is currently a tenant in place.
3
Baths
⋅
R11157274
MLS
730 N 5th Street, Lantana
