THIS OFFERING IS PART OF A 32 UniT Apartment Portfolio comprising of 927 S Pine St, 714 South F, and 805 809 817 821 South H RARE 16 UNIT MULTIFAMILY ...
| Website: | https://www.nestseekers.com/5330125 |
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| Address: | Lake Worth, FL 33460 |
| Ownership: | For Sale |
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| Type: | Unknown |
Financials
Price:$3,800,000
Annual Taxes:$52,165
Description
THIS OFFERING IS PART OF A 32-UniT Apartment Portfolio comprising of 927 S Pine St, 714 South F, and 805-809-817-821 South H
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.
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.
Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11979194
Amenities
- CableAvailable
- LessThanQuarterAcre
888 Biscayne Blvd # Unit CU9 Miami, FL 33132 Phone: +1 305-203-4555 Fax: +1 305-675-0745 | |
| Listing Courtesy of BAWONS Properties, Inc | |