Off-Market

2BR / 1BA 1931 Cottage, Light to Moderate Rehab

Palm Beach County · Lake Worth Beach (33460)
Starting at $190,000

A 1931 Lake Worth Beach cottage under $200,000 with a 2022 roof repair and a 2024 tankless water heater.

About This Property

An 840 sq ft frame and stucco cottage on about a tenth of an acre in Lake Worth Beach. It is a legal two bedroom, one bath. Two other rooms have been converted and are not legal bedrooms, so do not underwrite it as a four bedroom.

The scope reads light to moderate: kitchen, interior finishes, exterior stucco and the entry canopy. The roof was repaired in 2022 and the water heater is a 2024 tankless unit; cooling is window units. Front and rear are fenced, with a paved rear patio and a detached laundry shed. The photos show the house occupied, so confirm possession terms before you plan a timeline.

Property Details

  • Property typeSingle family, frame and stucco
  • Bedrooms2 (legal)
  • Bathrooms1
  • Living area840 sq ft
  • Year built1931
  • LotAbout 0.11 acre
  • Flood zoneX
  • TaxesAbout $5,778/yr
  • HOANone
  • Street addressOn record — released to registered buyers

Condition & Scope

  • RoofRepaired 2022
  • Water heaterTankless, 2024
  • CoolingWindow units
  • InteriorKitchen and interior finishes
  • ExteriorStucco and entry canopy repairs

Comparables

  • Seller rates the rehab light to moderate and does not cost it, so we print no spread
  • Seller's resale range and comps available in the packet; not independently verified by us
  • Seller's rent estimate: $2,300 to $2,500/mo

Ask and we will pull county sold comps and underwrite this deal with you before you offer.

Offer Terms

  • Accepted financingCash · hard-money / private
  • Proof of fundsRequired with offer
  • Earnest moneyDue at contract signing
  • Closing costsTypically buyer-paid
  • TimelineQuick close preferred

Terms are typical for these opportunities — exact figures and title company confirmed with your offer.

How It Works

Is this property on the MLS?

No. These are off-market opportunities shared privately with our buyer network before they ever hit the open market — so you avoid bidding wars and retail competition.

Can I walk the property before I offer?

Yes — walkthroughs are by appointment. Reach out and we'll coordinate access or share a walkthrough video where one is available.

What do I need to lock it up?

A signed agreement, proof of funds, and an earnest-money deposit. Cash or hard-money / private financing moves fastest.

Do you have comps and a full numbers breakdown?

ARV and rehab figures on most listings come from the seller, and we label them that way rather than presenting them as our own analysis. Ask, and we will pull county sold comps and underwrite the deal with you before you make an offer. On some listings that work is already done.

How quickly can we close?

As fast as title allows. Quick, clean closings are preferred and often part of securing the best price.

To schedule a walkthrough or submit an offer, contact:
Stephen Tilton — FLA Private Deals
📲 407-955-2759  |  📧 StephenLifeFL@gmail.com
Unlock Address & Numbers

All figures (after-repair value, rehab estimates, rents, and spreads) are estimates provided for investor convenience and are not guaranteed. Buyers should perform their own due diligence and verify all numbers, condition, square footage, and zoning independently. Property offered for off-market sale; details subject to change or prior sale.