821 S H St - Apartments FOR SALE


Lake Worth, FL 33460- Genesis
$3,800,000 USD
305-509-8336
821 S H St, Lake Worth, FL for Sale
$3,800,000 USD
Apartments - FOR SALE
1/18
null | 6.5% Cap Rate

821 S H St
Lake Worth, FL 33460
Genesis


HIGHLIGHTS

  • 4 Clustered CBS Quadplexes in a Tenant-Magnet Location at 805, 809, 817, and 821 South H Street
  • 16 Spacious Two Bedroom Apartments Individually Metered for Water and Electric with Upside
  • Recent Capital Improvements include New Roofs, New AC Systems, and New Appliances

OVERVIEW

RARE 16-UNIT MULTIFAMILY OPPORTUNITY – FOUR SOLID CBS QUADPLEXES IN A TENANT-MAGNET LOCATION! Exceptional opportunity to acquire four clustered concrete block quadplexes located at 805, 809, 817, and 821 South H Street in Lake Worth. This rare 16-unit multifamily portfolio delivers durable construction, major recent capital improvements, and significant upside in a high-demand rental corridor PROPERTY OVERVIEW This investment consists of 16 large 2-bedroom / 1-bath apartments, each offering over 815 square feet of living space, a highly desirable layout that consistently attracts long-term tenants. The buildings feature solid CBS construction, providing long-term durability and reduced maintenance costs compared to wood-frame properties. MAJOR CAPITAL IMPROVEMENTS ALREADY COMPLETED Ownership has already addressed several major expense items, dramatically reducing near-term capital risk: Brand new roofs New central A/C systems Individually metered utilities allowing tenants to pay for water and electric These improvements create exceptionally low operating risk and reduced future capex, making the property highly attractive for investors focused on stable performance. STRONG VALUE-ADD UPSIDE Current rents average approximately $1,900 per unit, presenting a clear path to market rents of around $2,100 with minimal additional investment. The large unit sizes, desirable layout, and strong location make achieving market rents highly attainable for a capable operator. PRIME TENANT-MAGNET LOCATION Situated in a highly desirable Lake Worth neighborhood, tenants benefit from excellent access to employment centers, schools, parks, hospitals, and beaches. The property is conveniently connected to major transportation corridors including Dixie Highway, 6th Avenue, and I-95, making commuting throughout Palm Beach County fast and convenient. WHY THIS DEAL STANDS OUT Opportunities to acquire 16 well-located CBS units with major improvements already completed are increasingly rare in Lake Worth. With low operating expenses, limited capital requirements, and clear rental upside, this portfolio presents a compelling opportunity for an astute investor to unlock significant value while strengthening the property's financial performance. Multifamily assets of this size, construction quality, and upside potential rarely come to market—act quickly.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$1,163 USD /SF

# OF UNITS

16

PRICE/UNIT

$237,500

CAP RATE

6.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

FOUR MOON QUADPLEXES

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

MF30

APN/PARCEL ID

38-43-44-21-15-251-0030,38-43-44-21-15-251-0040,38-43-44-21-15-251-0060,38-43-44-21-15-251-0070

ASK ABOUT THIS PROPERTY

Wendy PierreBAWONS PropertiesMore Info
305-509-8336

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Wendy PierreBAWONS PropertiesMore Info
305-509-8336

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