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Lake Worth Town Of

$1,000,000

605 S J St, Lake Worth, FL 33460

Active
Last Updated: 03/20/2025

51,808

NOI

3,416 sqft

Building Size

Details:
NOI:    $51,808
Building Size:    3,416 sqft
Units:    4
Year Built:    1921
Floors:    1
Parking Spots:    5
Gross Leaseable Area:    3,000
Highlights:
  • Lot Features: Less Than 1/4 Acre Lot
  • Documents Available: Financial Statement
  • Architectural Style: Attached
  • Cooling: Central Air
  • Heating: Central
  • Flooring: Ceramic Floor
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!

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