$1,153,499 Price Analysis   ♡   Lake Worth Beach, FL 33460 0 bed 0 bath 1,620 SqFt ($712/SqFt) 3,376SqFt lot. Built 1969 Listed 2024-08-02 | Ⓧ USDA Ineligible due to price & location near Lake Worth |
PROPERTY HIGHLIGHTSThis exceptional 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 confgurations, 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. 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 pleasing 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. Why Lake Worth Beach? Lake Worth Beach is not a location; it's a lifestyle.
The area boasts a rich cultural scene with numerous art galleries, theaters and music venues. The historic downtown offers a variety of dining and shopping options, while the pristine beaches provide unlimited opportunities for relaxation and recreation. Additionally, the area is home to excellent schools, parks and community facilities, making it a desirable place to live and invest. The Allure of Airbnb in Lake Worth Beach Lake Worth Beach is rapidly becoming a hotspot for Airbnb rentals, drawing in tourists and short-term visitors from around the globe. The area's unique blend of cultural attractions, vibrant nightlife and stunning beaches makes it an irresistible destination for travelers seeking a memorable vacation experience. With its charming historic downtown, eclectic arts scene and numerous festivals and events, Lake Worth Beach offers visitors a taste of authentic Florida, far removed from the typical tourist traps. This diverse and engaging environment ensures a steady stream of guests eager to enjoy the local hospitality, making it a prime location for profitable Airbnb investments. Furthermore, the strategic location of these multi-family properties enhances their appeal for Airbnb hosts. Proximity to major highways and public transportation makes it convenient for visitors to explore nearby attractions such as Palm Beach, West Palm Beach and the renowned Worth Avenue shopping district. Additionally, the area's friendly and welcoming atmosphere, combined with its year-round pleasant weather, ensures that visitors have a delightful stay, leading to high occupancy rates and positive reviews. Investing in Airbnb properties in Lake Worth Beach not promises substantial returns but also provides an opportunity to be part of a thriving community that continues to captivate and charm its visitors.
Presented by David Joseph at
The Keyes Company.
Property MLS #RX-11009165 from BeachesMLSFlex
Heating Features: Electric
Lot Size Acres: 0.0775023
Lot Size Square Feet: 3376
Calculated Total Monthly Association Fees: 0
Unit-1 Furnished Description: Yes
Unit-2 Furnished Description: Yes
Source Listing Status: Active
County: Palm Beach
Tax Year: 2023
Source Property Type: Residential Income
Area: 5600
Source Neighborhood: LAKE WORTH TOWN OF
Subdivision: LAKE WORTH TOWN OF
Zoning: SF-TF-
Property Subtype: Triplex
Source System Name: C2C
$1,153,499
BeachesMLSFlex
Operating Expense: 25908.00
Year Built: 1969
Construction Materials: Concrete
Living Area Source: Tax Rolls
Property Age: 55
Property Condition: Resale
Levels or Stories: 1.0
Total Area Sqft: 1698
Year Built Details: Resale
Cable
Public Sewer
Public Water
Water Source: Public Water
Map directions Map directions Map directions
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.