Active

7871 Terrace Road

LANTANA, FL 33462
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Bed 2

Bed

Bath 2

Bath

SqFt944

Sqft

Acres0.23

Acre(Lot)

*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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Detail Ic Property Details

Property Type : Residential Income

Price : $419,999

AD Id : 76495673

MLS Id : MFRTB8490469

Beds : 2

Lot Size : 0.23 Acre

Living Area Size : 944

Year Built : 1955

County : Palm Beach

Subdivision: Tropical Terrace

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Feature Features

  • Bedroom Information

    Total Bedroom: 2

    Bathroom Information

    Total Baths: 2

    Interior Features

    Ceiling Fans(s), Eat-in Kitchen, Solid Surface Counters, Solid Wood Cabinets Roof: Shingle Appliances: Convection Oven, Refrigerator Laundry Features: None

    Roofing Information

    Shingle
  • Flooring Information

    Flooring: Laminate Construction Materials: Stucco
  • Heating & Cooling

    Heating: None Cooling: Wall/Window Unit(s) WaterSource: Public

  • Building Information

    Year Built: 1955
  • Exterior Features

    Private Entrance Construction Materials: Stucco Foundation Details: Block

  • Lot Information

    Lot Square Feet: 10000 Lot Acres: 0.23 Lot Size (SqMt): 929

    Property Information

    Property Type: Residential Income Sub Type: Duplex

  • Listing Price Information

    Original List Price:$499999

  • Tax Information

    Tax Block: 000 Tax Book Number: 22-58 Tax Lot: 87 Tax Legal Description: TROPICAL TERRACE LTS 87 & 88 Annual Tax: $8337 Tax Year: 2025 Parcel Number: 00-43-45-10-07-000-0870

  • Utility Information

    Public Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: TROPICAL TERRACE City: LANTANA Direction: Heading north on I-95 N, Take exit 59 for Gateway Blvd. Turn right onto E Gateway Blvd. Drive 0.1 miles then turn left onto N Seacrest Blvd. Drive 0.5 miles and turn right onto Miner Rd. Drive another 0.6 miles then turn left onto Terrace Rd. In 0.1 miles, destination will be on the left.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
626 Minnesota Street, Lantana, FL, 33462 $530,000 2 2 1,294 1,294 SqFt
1309 W Frangipani Circle, Lantana, FL, 33462 $597,900 3 4 1,110 1,110 SqFt
112 Milton Street, Lantana, FL, 33462 $699,000 4 2 1,928 1,928 SqFt
400 W Perry Street #A,B.., Lantana, FL, 33462 $595,000 -- -- 1,770 1,770 SqFt
613 N 5th Street, Lantana, FL, 33462 $824,000 -- -- 1,552 1,552 SqFt
723 N 7th Street, Lantana, FL, 33462 $699,000 6 4 2,952 2,952 SqFt
1213 W Broward Street, Lantana, FL, 33462 $975,000 5 4 2,177 2,177 SqFt
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ByOwner last updated this listing 06/22/2026 @ 18:20

MLS: MFRMLS #TB8490469 LISTED BY: KEVIOUS DOUGLAS, LLC, RICHARD PETERS REALTY LLC 352-448-9712 SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS) (Listings courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID)

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