1110 N H St - Apartments FOR SALE


Lake Worth, FL 33460- Sunset Ridge South
$1,575,000 USD
561-310-0935
1110 N H St, Lake Worth, FL for Sale
$1,575,000 USD
Apartments - FOR SALE
1/15
null | 6.51% Cap Rate

1110 N H St
Lake Worth, FL 33460
Sunset Ridge South


HIGHLIGHTS

  • BRAND NEW ROOF 8/2024
  • Excellent, easy to rent unit layouts with easy-to maintain appliances and electrical
  • Little to no deferred maintenance
  • Tons of management and rental upside!

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,575,000 USD

PRICE/SF

$408 USD /SF

# OF UNITS

8

PRICE/UNIT

$196,875

CAP RATE

6.51%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

SFTF14, County

APN/PARCEL ID

38-43-44-21-15-342-0030

ASK ABOUT THIS PROPERTY

Martin GoldsteinThe Goldstein Group (MRG Associates, LLC)More Info
561-310-0935

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Martin GoldsteinThe Goldstein Group (MRG Associates, LLC)More Info
561-310-0935

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.