Lake Worth Beach Multi-Family Portfolio
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Lake Worth Beach Multi-Family Portfolio
8 Multifamily Properties Offered at $10,799,000 in Multiple Locations
Investment Highlights
- Lake Worth Beach offers a vibrant mix of natural beauty and lively culture
- The iconic Lake Worth Pier is ideal for fishing and provides breathtaking views of the Atlantic Ocean
- The city features a lively downtown area with unique shops, galleries, and a variety of dining options
- The pristine, sandy shores and crystal-clear waters make it perfect for sunbathing, swimming, and a variety of water sports
- Its blend of relaxation and entertainment makes it a must-visit spot for anyone
- With its convenient location near major highways and airports
Executive Summary
This exceptional single / multi-family portfolio in Lake Worth, Florida, comprises eight (8) strategically located buildings, offering a total of twenty-eight (28) units. Each property features unique architectural styles and modern amenities, ensuring a diverse and appealing selection for tenants. The portfolio includes a mix of unit sizes and configurations, catering to various tenant needs and maximizing rental potential. With a solid average cap rate of 8.26%, these properties promise a robust return on investment. Situated in a vibrant and growing community, this portfolio presents a rare opportunity to acquire income-generating assets in a highly desirable area.
Downtown Lake Worth Beach is a vibrant and eclectic area that perfectly captures the essence of South Florida
living. The streets are lined with colorful, art-deco buildings housing an array of unique shops, trendy cafes, and diverse restaurants offering everything from gourmet cuisine to local favorites. The area buzzes with energy, especially on weekends, when locals and visitors alike enjoy the lively atmosphere, outdoor dining, and street performances. Landmarks such as the historic Lake Worth Playhouse and numerous artistic murals add to the cultural charm, making it a hub for artists and creatives. The combination of palm-lined streets, sunny weather, and a welcoming community makes downtown Lake Worth Beach a must-visit destination for those seeking a blend of relaxation and excitement.
LOCATION OVERVIEW
Dynamic Cultural Hub: Lake Worth is renowned for its vibrant cultural scene, featuring a variety of art galleries, theaters, and live music venues that create a lively and enriching environment for residents.
Charming Coastal Living: The picturesque downtown area and beautiful Atlantic beaches offer a perfect blend of small-town charm and coastal lifestyle, attracting those who appreciate both relaxation and community spirit.
Strong Investment Potential: With a robust rental market and high occupancy rates, Lake Worth presents a lucrative opportunity for investors seeking stable income and long-term property appreciation.
Downtown Lake Worth Beach is a vibrant and eclectic area that perfectly captures the essence of South Florida
living. The streets are lined with colorful, art-deco buildings housing an array of unique shops, trendy cafes, and diverse restaurants offering everything from gourmet cuisine to local favorites. The area buzzes with energy, especially on weekends, when locals and visitors alike enjoy the lively atmosphere, outdoor dining, and street performances. Landmarks such as the historic Lake Worth Playhouse and numerous artistic murals add to the cultural charm, making it a hub for artists and creatives. The combination of palm-lined streets, sunny weather, and a welcoming community makes downtown Lake Worth Beach a must-visit destination for those seeking a blend of relaxation and excitement.
LOCATION OVERVIEW
Dynamic Cultural Hub: Lake Worth is renowned for its vibrant cultural scene, featuring a variety of art galleries, theaters, and live music venues that create a lively and enriching environment for residents.
Charming Coastal Living: The picturesque downtown area and beautiful Atlantic beaches offer a perfect blend of small-town charm and coastal lifestyle, attracting those who appreciate both relaxation and community spirit.
Strong Investment Potential: With a robust rental market and high occupancy rates, Lake Worth presents a lucrative opportunity for investors seeking stable income and long-term property appreciation.
Data Room Click Here to Access
Taxes & Operating Expenses (Actual - 2023) |
Annual |
|---|---|
| Gross Rental Income |
$1,186,869
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$1,186,869
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$295,044
|
| Net Operating Income |
$891,825
|
Taxes & Operating Expenses (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $1,186,869 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $1,186,869 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $295,044 |
| Net Operating Income | |
|---|---|
| Annual | $891,825 |
Property Facts
| Price | $10,799,000 | Status | Active |
| Price / SF | $579.44 / SF | Number of Properties | 8 |
| Sale Conditions | Bulk/Portfolio Sale | Individually For Sale | 7 |
| Cap Rate | 8.26% | Total Building Size | 18,637 SF |
| Sale Type | Investment | Total Land Area | 1.45 AC |
| Price | $10,799,000 |
| Price / SF | $579.44 / SF |
| Sale Conditions | Bulk/Portfolio Sale |
| Cap Rate | 8.26% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 8 |
| Individually For Sale | 7 |
| Total Building Size | 18,637 SF |
| Total Land Area | 1.45 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 215 N Federal Hwy, Lake Worth, FL 33460 | Multifamily | 4,237 SF | 1921 | $1,687,653 |
| 417 N J St, Lake Worth Beach, FL 33460 | Multifamily | 1,698 SF | 1969 | $1,153,499 |
| 506 S M St, Lake Worth Beach, FL 33460 | Multifamily | 1,980 SF | 1925 | $1,429,774 |
| 314 S Federal Hwy, Lake Worth Beach, FL 33460 | Multifamily | 2,281 SF | 1928 | $1,559,498 |
| 517 S J St, Lake Worth Beach, FL 33460 | Multifamily | 952 SF | 1956 | $756,090 |
| 1021 N Palmway, Lake Worth Beach, FL 33460 | Multifamily | 1,604 SF | 1930 | - |
|
Lake Worth Beach Portfolio
402 Ocean Breeze, Lake Worth Beach, FL 33460 |
Multifamily | 3,332 SF | 1941 | $2,219,516 |
| 906 N L St, Lake Worth Beach, FL 33460 | Multifamily | 2,553 SF | 1943 | $1,436,558 |
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Lake Worth Beach Multi-Family Portfolio
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