931 N J St - Apartments FOR SALE


Lake Worth Beach, FL 33460
$820,000 USD
561-713-4952
931 N J St, Lake Worth Beach, FL for Sale
$820,000 USD
Apartments - FOR SALE
1/67
null | 6.61% Cap Rate

931 N J St
Lake Worth Beach, FL 33460


HIGHLIGHTS

  • Perfect for Investors
  • Perfect for Owner-Users or Owner-Occupants
  • Huge City Growth Potential
  • Income Generating
  • New Construction and Remodeled!
  • New Appliances, New Sprinkler Systems, Gorgeous Trees and Plants, Insulated, Termite Treated and Protected by Sentricon System, Quartz Countertop

OVERVIEW

STUNNING LARGE TWO SINGLE-FAMILY HOMES for the price of one! 2,180 SQFT OF COMBINED LIVING SPACE! Perfect opportunity for investors. 100% Occupied: BOTH HOUSES PRODUCING INCOME. House 'B' is BRAND NEW CONSTRUCTION 2025. Currently operating on a CAP of 6.61% and NOI of $54,203! Corner Lot, and in a GREAT LOCATION for marketing and obtaining tenants quickly! Sit back & relax, and own this Class A property requiring little to no maintenance per year! Tenants take care of lawn maintenance, they pay on time, & TENANTS PAY UTILITIES. Great tenants! Located in the heart of Lake Worth HISTORIC DISTRICT, easy to access downtown's shopping, dining, and attractions, minutes away from the beach! NO HOA. Each House w/ DESIGNATED PARKING SPACES. Brand New Appliances, New Roofs, & Impact Windows/Doors! ACCEPTING OFFERS: Call or text 561-713-4952. AVAILABLE FOR SERIOUS SHOWINGS, must give tenants at least 24 hour notice for showings! Schedule accordingly with me. HOUSE A INFO: Roof is 2022, sprinklers adjusted recently, brand new washer & dryer, refrigerator dishwasher & microwave like new! Sentricon System active. Tenant paying utilities, leased out at $2,400/month. Rent can be brought up, bit undervalued. HOUSE B INFO: New Construction House. Has it's own meters, and sprinkler system, everything is brand new, gorgeous black/white countertops, termite treated, entire property protected with sentricon system against termites, and partition walls are insulated. Brand New Appliances! Tenant Pays Utilities! Unit B leased out at $3,000/month. 100% occupied! Currently Operating on a CAP of 6.61% and NOI of $54,203!

FOR SALE DETAILS

PRICE

$820,000 USD

PRICE/SF

$376 USD /SF

# OF UNITS

2

PRICE/UNIT

$410,000

CAP RATE

6.61%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

931 N J St

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,750 SF

ZONING

Multi-family

APN/PARCEL ID

38-43-44-21-15-278-0090

ASK ABOUT THIS PROPERTY

Jonathan TextaLoKation Real EstateMore Info
561-713-4952

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

Jonathan TextaLoKation Real EstateMore Info
561-713-4952

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