Commercial property in Lake Worth, Florida 1214.05 sq.m. № 2046015
4

ID2046015
$ 3 800 000
- EUR €
- USD $
- RUB ₽
- GBP £
Property 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.
MLS #: A11979194
Contact the seller
CityLake Worth
Address805 S H St, Lake Worth FL 33460
TypeCommercial property
Living space1214.05 m²
- m²
- sq. ft
Completion dateIV quarter, 1970
Parking places20
Price
- Price
- per m²
$ 3 800 000
- EUR €
- USD $
- RUB ₽
- GBP £
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