920 S K St - Apartments FOR SALE


Lake Worth, FL 33460- SOSA
$799,000 USD
954-743-7594
920 S K St, Lake Worth, FL for Sale
$799,000 USD
Apartments - FOR SALE
1/21
null | 6.82% Cap Rate

920 S K St
Lake Worth, FL 33460
SOSA


HIGHLIGHTS

  • Strong In-Place Income: Four 1-bedroom units generating approximately $76,800 in annual gross income.
  • Desirable Unit Mix: Four highly rentable 1-bedroom/1-bath units offering broad tenant appeal.
  • Attractive Investment Opportunity: Well-positioned multifamily asset in an established Lake Worth Beach neighborhood.
  • Prime Location: Minutes from Downtown Lake Worth Beach, dining, shopping, entertainment, and the Intracoastal.
  • Excellent Accessibility: Convenient access to I-95, West Palm Beach, and major Palm Beach County employment centers.

OVERVIEW

Excellent investment opportunity at 920 S K St in Lake Worth Beach, featuring a 4-unit multifamily property comprised of four 1-bedroom/1-bathroom units. Each unit is offered at $1,600 per month, providing approximately $6,400 in monthly Gross Operating Income and $76,800 annually. The property offers investors the opportunity to acquire a well-positioned multifamily asset in an established residential neighborhood with strong access to the surrounding Palm Beach County market. Conveniently located just minutes from Downtown Lake Worth Beach, residents enjoy easy access to local restaurants, shopping, entertainment, the Intracoastal Waterway, and South Florida's beaches. The property is also conveniently positioned near I-95 and other major transportation corridors, providing connectivity to West Palm Beach, surrounding employment centers, and destinations throughout Palm Beach County. With four highly rentable 1-bedroom units, a central location, and convenient access to both everyday amenities and major South Florida destinations, 920 S K St represents an attractive opportunity for investors seeking a multifamily property in the growing Lake Worth Beach market.

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$326 USD /SF

# OF UNITS

4

PRICE/UNIT

$199,750

CAP RATE

6.82%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lake Worth Fourplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

C

APN/PARCEL ID

38-43-44-27-01-027-0040

ASK ABOUT THIS PROPERTY

Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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