329 N K St - Apartments FOR SALE


Lake Worth, FL 33460- Mango Groves
$1,495,000 USD
561-815-1788
329 N K St, Lake Worth, FL for Sale
$1,495,000 USD
Apartments - FOR SALE
1/42
null | 4.84% Cap Rate

329 N K St
Lake Worth, FL 33460
Mango Groves


HIGHLIGHTS

  • Six-unit multifamily property consisting of two historic residential structures
  • Located approximately three blocks from downtown Lake Worth Beach
  • Landscaped courtyard provides shared outdoor space for residents
  • Renovated unit interiors with updated finishes and fixtures
  • Near shopping, dining, beaches, and the Intracoastal Waterway
  • Includes on-site laundry facilities and a storage garage

OVERVIEW

329 N K St presents the opportunity to acquire a six-unit multifamily investment in Lake Worth Beach, Florida. The property consists of two historic structures totaling six residential units, including one four-bedroom unit, three one-bedroom units, and two studio units. The asset reflects ongoing ownership attention with renovated interiors that reportedly include updated kitchens, bathrooms, fixtures, flooring, paint, and appliances. Additional property features include a landscaped courtyard, on-site laundry, and a storage garage. Positioned approximately three blocks from downtown Lake Worth Beach, the property benefits from convenient access to the city's dining, retail, entertainment, and cultural amenities. The location also provides proximity to Publix, the Intracoastal Waterway, and the area's public beaches, supporting continued residential demand from tenants seeking a walkable coastal lifestyle. Lake Worth Beach is recognized for its historic character, active downtown district, municipal beach facilities, and accessibility to the broader Palm Beach County employment base. Built in 1928 on a 0.16-acre parcel, the property contains approximately 4,072 square feet and was offered as an investment sale with six residential units. The combination of unit diversity, historic character, and proximity to downtown amenities creates an opportunity for investors seeking an income-producing multifamily asset in an established South Florida neighborhood. The property's location near local shopping, restaurants, and recreational attractions further supports its long-term appeal within the Lake Worth Beach rental market.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$367 USD /SF

# OF UNITS

6

PRICE/UNIT

$249,167

CAP RATE

4.84%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

MF-20 - Low Density Multi

APN/PARCEL ID

38-43-44-21-15-088-0190

ASK ABOUT THIS PROPERTY

JD BolsJD Bols & AssociatesMore Info
561-815-1788

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JD BolsJD Bols & AssociatesMore Info
561-815-1788

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