715 Washington Ave - Apartments FOR SALE


Lake Worth, FL 33460
$1,300,000 USD
305-801-5871
715 Washington Ave, Lake Worth, FL for Sale
$1,300,000 USD
Apartments - FOR SALE
1/58
null | 5.55% Cap Rate

715 Washington Ave
Lake Worth, FL 33460


OVERVIEW

Exceptional investment opportunity in the heart of Lake Worth Beach! This solid 4-unit multifamily at 715 Washington Ave features four spacious 3-bedroom, 1-bath apartments, each with its own washer & dryer, separate water and electric meters, and private entrances. Three units are currently rented at $2,200/month, with one vacant unit; market rent potential is $2,500/month per unit, bringing possible gross annual revenue to $120,000. Units offer bright living spaces, functional kitchens, and a well-maintained layout. Situated on a generous lot with off-street parking, the property is close to schools, shopping, dining, public transit, downtown, and beautiful beaches. With strong rental demand and value-add potential, this is an ideal cash-flowing asset for any investor.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$451 USD /SF

# OF UNITS

4

PRICE/UNIT

$325,000

CAP RATE

5.55%

% 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

1980

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

SF-TF-14

APN/PARCEL ID

38-43-44-34-01-000-0500

ASK ABOUT THIS PROPERTY

Ahmed AbdeldayemARA Commercial PartnersMore Info
305-801-5871

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

Ahmed AbdeldayemARA Commercial PartnersMore Info
305-801-5871

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