Back

1 of 27

2 of 27

3 of 27

4 of 27

5 of 27

6 of 27

7 of 27

8 of 27

9 of 27

10 of 27

11 of 27

12 of 27

13 of 27

14 of 27

15 of 27

16 of 27

17 of 27

18 of 27

19 of 27

20 of 27

21 of 27

22 of 27

23 of 27

24 of 27

25 of 27

26 of 27

27 of 27

202 Lucerne Ave
Lake Worth, FL 33460 Parrot Cove

$2,950,000 USD

Apartments For Sale • 9,320 SF

Property Details

Property Type Apartments
Total Building Size 9,320 SF
Lot Size 0.31 AC
Building Class C
Year Built 1974
Cap Rate 6.37 %
Zoning DT

30 Transit Score

60 Walk Score

                
                    Highlights
                
                                Transitory License: Rare flexibility for short-term rental conversion, offering significant revenue upside beyond traditional annual leasing.
                            
                                Prime Downtown Location: Exceptional walkability just steps from Lake Avenue’s dining, retail, and entertainment in the heart of Lake Worth Beach.
                            
                                Strong Unit Mix: 13 one-bedrooms and 1 two-bedroom, all with central A/C and private balconies.
                            
                                Value-Add Upside: Strong in-place income with upside through rent growth and laundry revenue.
                            
                                Prime Coastal Location: Minutes from the Intracoastal, Lake Worth Beach, and JFK Medical Center.

Property Flyers

202 Lucerne Ave-OM_compressed (1)

Financial Summary (Actual)

Net Operating Income: $187,979 USD (2025)

Cap Rate:	6.37 %
Total Expenses:	$100,141 USD

Amenities

24 Hour Access
Air Conditioning
Dishwasher
Disposal
Microwave
Tenant Controlled HVAC
Heating
Trash Pickup - Curbside
Dining Room
Freezer
Walk-Up
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
	4 min	-	1.3 mi
	12 min	-	6.2 mi
Airport	Drive	Walk	Distance
Palm Beach International	15 min	-	8.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	22
Type:	Surface
Included in Rent:	Yes

Elior Levi 954-743-7594 Fausto Commercial Realty Consultants

202 Lucerne Ave Lake Worth, FL 33460 Parrot Cove