927 S Pine St - Apartments FOR SALE


Lake Worth, FL 33460- Genesis
$1,700,000 USD
305-509-8336
927 S Pine St, Lake Worth, FL for Sale
$1,700,000 USD
Apartments - FOR SALE
1/16
null | 7.5% Cap Rate

927 S Pine St
Lake Worth, FL 33460
Genesis


HIGHLIGHTS

  • Incredible Tenant Magnet Location
  • Rare Individually Metered Apartment Building with a Brand-New Roof
  • Great Value Add Opportunity with Tenants Paying Water and Electric in a Quiet Neighborhood

OVERVIEW

AGGRESSIVE VALUE-ADD PLAY – 8-UNIT CASH FLOW MACHINE IN LAKE WORTH! Attention value hunters — 927 South Pine Street delivers the kind of durable construction, strong in-place income, and rent-growth upside that’s getting harder to find in today’s market. This two-story concrete block (CBS) apartment building features a brand-new roof and a highly desirable unit mix, positioning the next owner for both immediate returns and future rent expansion. Property Snapshot: 8 market rate apartments individually metered for water & electric Four 1BR/1BA units averaging $1,600/month Four 4:2BR/1BA units averaging $1,800/month collecting Over $13,000 monthly Tenants pay ALL utilities Solid concrete block construction Brand new roof = reduced near-term capex Recent capital improvements keep operating costs low Why this Location Performs: Situated in a quiet, stable neighborhood with excellent access to major job centers, schools, parks, the beach, and I-95, supporting consistent tenant demand. Why This Deal Hits: Strong in-place cash flow Minimal operating expenses Major capital item already completed Clear value-add opportunity with upside on rents Ideal for a hands-on investor ready to push performance Stabilized income today — meaningful upside tomorrow. Assets with this combination of utilities paid by tenants + new roof + CBS construction are getting scooped up If you know how to create value, this is your next win.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$258 USD /SF

# OF UNITS

8

PRICE/UNIT

$212,500

CAP RATE

7.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

R3, Lake Worth

APN/PARCEL ID

38-43-44-28-06-001-0120

ASK ABOUT THIS PROPERTY

Wendy PierreBAWONS PropertiesMore Info
305-509-8336

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

Wendy PierreBAWONS PropertiesMore Info
305-509-8336

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