517 S J St
1 Unit Apartment Building $756,090 ($756,090/Unit) 8.40% Cap Rate Lake Worth Beach, FL 33460
INVESTMENT HIGHLIGHTS
- This well maintained two unit multifamily building.
- A separate cottage is on the property with 1 bath and an open area and private yard.
- Consists of a main house with two bedrooms and one bath.
EXECUTIVE SUMMARY
Prime Location: Situated on S J St., this property benefits from high visibility and easy accessibility, attracting a steady flow of potential long and short term tenants.
This well maintained two unit multifamily building. Consists of a main house with two bedrooms and one bath. A separate cottage is on the property with 1 bath and an open area and private yard.
• Proximity to Attractions: Located just minutes from downtown Lake Worth Beach and the Atlantic Ocean, this property offers convenience and lifestyle appeal, attracting a steady flow of visitors, tourists, and potential tenants.
• Investment Growth: Situated in a rapidly developing area with increasing property values, this investment promises strong
appreciation potential, making it a smart choice for long-term returns and portfolio growth.
Highlights
Beach Access: Located just a short drive from the beach, the property is attractive for those looking to enjoy coastal living and for businesses catering to tourists and beachgoers.
Mixed-Use Potential: The property’s zoning allows for a mix of commercial and residential uses, offering flexible investment
opportunities and diverse revenue streams.
This well maintained two unit multifamily building. Consists of a main house with two bedrooms and one bath. A separate cottage is on the property with 1 bath and an open area and private yard.
• Proximity to Attractions: Located just minutes from downtown Lake Worth Beach and the Atlantic Ocean, this property offers convenience and lifestyle appeal, attracting a steady flow of visitors, tourists, and potential tenants.
• Investment Growth: Situated in a rapidly developing area with increasing property values, this investment promises strong
appreciation potential, making it a smart choice for long-term returns and portfolio growth.
Highlights
Beach Access: Located just a short drive from the beach, the property is attractive for those looking to enjoy coastal living and for businesses catering to tourists and beachgoers.
Mixed-Use Potential: The property’s zoning allows for a mix of commercial and residential uses, offering flexible investment
opportunities and diverse revenue streams.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$87,338
|
$91.74
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$87,338
|
$91.74
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$23,819
|
$25.02
|
| Net Operating Income |
$63,519
|
$66.72
|
PROPERTY FACTS
| Price | $756,090 |
| Price Per Unit | $756,090 |
| Sale Type | Investment |
| Cap Rate | 8.40% |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 952 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1956/2021 |
| Parking Ratio | 2.1/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
1 of 1
Walk Score®
Very Walkable (80)
Bike Score®
Biker's Paradise (96)
ZONING
| Zoning Code | SFR |
