Lake Worth, FL 33460

Property

Ownership: For Sale
Type: Unknown

Financials

Price:$3,800,000
Annual Taxes:$52,165
888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of BAWONS Properties, Inc

RARE 16 UNIT MULTIFAMILY OPPORTUNITY FOUR SOLID CBS QUADPLEXES IN A TENANT MAGNET LOCATION Exceptional opportunity to acquire four concrete block quadplexes located at 805, 809, 817, and 821 South ...

Description

RARE 16-UNIT MULTIFAMILY OPPORTUNITY – FOUR SOLID CBS QUADPLEXES IN A TENANT-MAGNET LOCATION Exceptional opportunity to acquire four concrete block quadplexes located at 805, 809, 817, and 821 South H Street in Lake Worth. This investment consists of 16 large 2-bedroom / 1-bath apartments, each offering over 815 square feet of living space, a highly desirable layout that consistently attracts long-term tenants. Ownership has already addressed several major expense items, dramatically reducing near-term capital risk: Brand new roofs New central A/C systems Individually metered utilities allowing tenants to pay for water and electric Current rents average approximately $1,900 per unit, presenting a clear path to market rents of around $2,100 with minimal additional investment. The large unit sizes, desirable layout, and strong location make achieving market rents highly attainable for a capable operator. The property is conveniently connected to major transportation corridors including Dixie Highway, 6th Avenue, and I-95. Opportunities to acquire 16 well-located CBS units with major improvements already completed are increasingly rare in Lake Worth. With low operating expenses, limited capital requirements, and clear rental upside, this portfolio presents a compelling opportunity for an astute investor to unlock significant value while strengthening the property's financial performance.

Amenities

  • CableAvailable
  • LessThanQuarterAcre

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.