Description

AGGRESSIVE VALUE-ADD PLAY – 8-UNIT CASH FLOW MACHINE IN LAKE WORTH!

Attention value hunters — 927 South Pine Street delivers the kind of durable construction, strong in-place income, and rent-growth upside that’s getting harder to find in today’s market.

This two-story concrete block (CBS) apartment building features a brand-new roof and a highly desirable unit mix, positioning the next owner for both immediate returns and future rent expansion.

Property Snapshot:

8 market rate apartments individually metered for water & electric

Four 1BR/1BA units averaging $1,600/month

Four 4:2BR/1BA units averaging $1,800/month

collecting Over $13,000 monthly

Tenants pay ALL utilities

Solid concrete block construction

Brand new roof = reduced near-term capex

Recent capital improvements keep operating costs low

Why this Location Performs:
Situated in a quiet, stable neighborhood with excellent access to major job centers, schools, parks, the beach, and I-95, supporting consistent tenant demand.

Why This Deal Hits:

Strong in-place cash flow

Minimal operating expenses

Major capital item already completed

Clear value-add opportunity with upside on rents

Ideal for a hands-on investor ready to push performance

Stabilized income today — meaningful upside tomorrow.
Assets with this combination of utilities paid by tenants + new roof + CBS construction are getting scooped up

If you know how to create value, this is your next win.

Address

Open on Google Maps

Address: Pine St
City: Lake Worth
State/county: Palm Beach County
Zip/Postal Code: 33460
Area: LAKEVIEW HEIGHTS ADD 4

Details

Updated on February 22, 2026 at 4:22 am

Property ID A11969195
Price $1,700,000
Property Size 5724 Square Feet
Year Built 1974
Type Quadruplex
Property Status Residential Income

Additional details

ArchitecturalStyle Detached
BuildingAreaTotal 5724
BuildingAreaUnits Square Feet
BuildingName LAKEVIEW HEIGHTS ADD 4
ConstructionMaterials Concrete Block Construction
ContractStatusChangeDate 2026-02-20
Cooling Central Air
DaysOnMarket 1
DocumentsAvailable Deposit Held, Copy Of Lease(S)
ExpirationDate 2026-06-30
Flooring Ceramic Floor, Concrete
Heating Central
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 305-509-8336
ListingTerms Conventional
LotFeatures Less Than 1/4 Acre Lot
LotSizeSquareFeet 0
MLSAreaMajor Lakeview Heights Add 4
MajorChangeTimestamp February 20, 2026 at 06:18pm
MajorChangeType New
MlsStatus Active
ModificationTimestamp February 22, 2026 at 01:32am
NumberOfUnitsInCommunity 2
OnMarketDate 2026-02-20
OriginalEntryTimestamp February 20, 2026 at 06:18pm
OriginalListPrice 1700000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 38434428060010120
ParkingTotal 12
PhotosChangeTimestamp February 20, 2026 at 06:30pm
PhotosCount 21
Possession Funding
PostalCodePlus4 4772
PriceChangeTimestamp February 20, 2026 at 04:38pm
PublicSurveyRange 38
PublicSurveySection 28
PublicSurveyTownship 38
RentIncludes Gardener, Trash Collection, Water
Roof Shingle
Sewer Public Sewer
ShowingContactType Agent
ShowingInstructions Call Listing Agent
SourceSystemKey 427853115
StateOrProvince FL
StatusChangeTimestamp February 20, 2026 at 06:18pm
Stories 2
StoriesTotal 2
StreetDirPrefix S
StreetName Pine St
StreetNumber 927
StreetNumberNumeric 927
StructureType Quadruplex, Fourplex
SyndicationRemarks AGGRESSIVE VALUE-ADD PLAY – 8-UNIT CASH FLOW MACHINE IN LAKE WORTH! Attention value hunters — 927 South Pine Street delivers the kind of durable construction, strong in-place income, and rent-growth upside that’s getting harder to find in today’s market. This two-story concrete block (CBS) apartment building features a brand-new roof and a highly desirable unit mix, positioning the next owner for both immediate returns and future rent expansion. Property Snapshot: 8 market rate apartments individually metered for water & electric Four 1BR/1BA units averaging $1, 600/month Four 4:2BR/1BA units averaging $1, 800/month collecting Over $13, 000 monthly Tenants pay ALL utilities Solid concrete block construction Brand new roof = reduced near-term capex Recent capital improvements keep operating costs low Why this Location Performs: Situated in a quiet, stable neighborhood with excellent access to major job centers, schools, parks, the beach, and I-95, supporting consistent tenant demand. Why This Deal Hits: Strong in-place cash flow Minimal operating expenses Major capital item already completed Clear value-add opportunity with upside on rents Ideal for a hands-on investor ready to push performance Stabilized income today — meaningful upside tomorrow. Assets with this combination of utilities paid by tenants + new roof + CBS construction are getting scooped up If you know how to create value, this is your next win.
TaxAnnualAmount 16377
TaxLegalDescription ADD 4 TO LAKEVIEW HGTS LTS 12 & 13 BLK 1
TaxYear 2025
TotalActualRent 161280
YearBuiltDetails Effective Year Built
Zoning SF-TF-14