BRAND NEW ROOF AS OF AUGUST 2024, FULL CONCRETE BLOCK CONSTRUCTION
Nestled in Lake Worth Beach just south of the Historic College Park district, these 8 units located at 1110 N H St offer a prime investment opportunity in one of the nation’s historically most stable, most downturn-resistant, most consistently high-demand rental markets – Palm Beach County.
Known for its temperate climate and relatively low cost of living when compared to other comparable locales, South Florida offers renters all of the benefits of living by the Atlantic Coast at an affordable rental rate. This built-in value proposition historically attracts renters from all parts of the country and state, feeding a healthy tenant base that sustains core rentals such as these with ease.
This wide appeal continues to make South Florida one of the most viable markets in the country in which to invest. In the City of Lake Worth Beach, residential rentals North of Downtown, close to the intracoastal waterway (see aerial) continue to be the most popular form of rental unit in the area.
1110 North H St features 1 bedroom 1 bath units (historically the most in-demand and easiest to rent), a brand new roof, full concrete block construction, off-street parking for each unit, and privacy-oriented landscaping. Strategically placed hedges and trees offer privacy and low maintenance curb appeal.
Upside and value-add opportunities exist throughout this asset. Interiors are well maintained and recently renovated, however management practices, paired with minor improvements throughout would yield significant upside and growth in future cash flows.