Description

Fantastic investment opportunity! A 5-unit multifamily property, fully rented, priced below market value, offering the new owner a 15% upside on rent. Located in a high-density neighborhood with strong rental demand. Each unit has bright, spacious rooms. Plenty of parking available. The property includes 2 units with 2 beds/1 bath, 2 units with 1 bed/1 bath, and 1 rented garage. Income: $84,300, Expenses: $31,700, Cap Rate: 5.40%, Net Revenue: $52,591.
Don’t miss this opportunity!

Address

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Address: J St
City: Lake Worth
State/county: Palm Beach County
Zip/Postal Code: 33460
Area: LAKE WORTH TOWN OF

Details

Updated on November 29, 2025 at 7:27 pm

Property ID A11734209
Price $1,000,000
Property Size 3000 Square Feet
Year Built 1921
Type Quadruplex
Property Status Residential Income

Additional details

ArchitecturalStyle Attached
AssociationFee 0
AssociationFeeFrequency Monthly
BuildingAreaTotal 3416
BuildingAreaUnits Square Feet
BuildingName LAKE WORTH TOWN OF
ConstructionMaterials Concrete Block Construction
ContractStatusChangeDate 2025-01-31
Cooling Central Air
DaysOnMarket 47
DocumentsAvailable Financial Statement
ExpirationDate 2026-01-31
Flooring Ceramic Floor
Heating Central
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 786-985-1374
ListingTerms All Cash, Conventional
LotFeatures Less Than 1/4 Acre Lot
LotSizeSquareFeet 0
MLSAreaMajor Lake Worth Town Of
MajorChangeTimestamp March 19, 2025 at 10:22pm
MajorChangeType Price Increase
MlsStatus Active
ModificationTimestamp March 19, 2025 at 10:25pm
NetOperatingIncome 51808
NumberOfUnitsInCommunity 4
OnMarketDate 2025-01-31
OperatingExpense 34291
OriginalEntryTimestamp January 31, 2025 at 08:07pm
OriginalListPrice 1050000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 38434421152070100
ParkingTotal 5
PhotosChangeTimestamp February 7, 2025 at 10:56pm
PhotosCount 29
Possession Funding
PostalCodePlus4 4900
PreviousListPrice 940000
PriceChangeTimestamp March 19, 2025 at 10:22pm
PublicSurveyRange 38
PublicSurveySection 21
PublicSurveyTownship 38
RentIncludes Sewer
Roof Other
Sewer Other
ShowingInstructions Appointment Only
SourceSystemKey 406349916
StateOrProvince FL
StatusChangeTimestamp January 31, 2025 at 08:07pm
Stories 1
StoriesTotal 1
StreetDirPrefix S
StreetName J St
StreetNumber 605
StreetNumberNumeric 605
StructureType Quadruplex, Fourplex
SyndicationRemarks Fantastic investment opportunity! A 5-unit multifamily property, fully rented, priced below market value, offering the new owner a 15% upside on rent. Located in a high-density neighborhood with strong rental demand. Each unit has bright, spacious rooms. Plenty of parking available. The property includes 2 units with 2 beds/1 bath, 2 units with 1 bed/1 bath, and 1 rented garage. Income: $84, 300, Expenses: $31, 700, Cap Rate: 5.40%, Net Revenue: $52, 591. Don’t miss this opportunity!
TaxAnnualAmount 12847
TaxLegalDescription TOWN OF LAKE WORTH LOT 10 BLK 207
TaxYear 2024
TotalActualRent 86100
YearBuiltDetails Resale
Zoning SF-R (ci