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211 Lake Ave
Lake Worth, FL 33460

Condo/Apartment Investment Portfolio · Multifamily Property For Sale · 94 Units

PROPERTY FACTS

No. Units 94
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Lot Size 0.21 AC
Building Size 79,642 SF
Average Occupancy 100%
No. Stories 3
Year Built 1974

Site Amenities

  • Controlled Access
  • Fitness Center
  • Playground

About 211 Lake Ave , Lake Worth, FL 33460

Encompassing the entirety of the flourishing Palm Beach County, FL rental market, these 94 condominium units are an excellent turnkey package of stable, easy to manage, income producing investments throughout a select variety of desirable locales (see map on P2). Distributed closely among four primary municipalities, these units feature extremely marketable, spacious floorplams in central locations, convenient and permissive associations with reasonable dues, excellently maintained grounds, and a plethora of amenities. Quality affordable rental units are in extremely high demand in these areas, as rents have been driven heavily in recent years by population growth and a healthy local employment market. New construction and other such Class A developments present little value to middle class renters at their price point, making Class B+ units such as these an extremely attractive proposition. Tenants enjoy amenities such as coded and gated entrances, staffed leasing office, modern fitness centers, tennis courts, pool, in-unit washer/dryers, full time maintenance staff, and more all provided by the respective homeowner’s associations. Rental restrictions are comparatively minimal throughout the portfolio, as well. Currently owned and managed by a large South Florida Real Estate Company, these units are 100% occupied, with vetted tenants on long term leases, providing an excellent turnkey investment prospect to the savvy real estate investor looking to establish a strong foothold in the Palm Beach County rental market.

  • Listing ID: 13188580

  • Date on Market: 7/17/2018

  • Last Updated:

  • Address: 211 Lake Ave, Lake Worth, FL 33460