Downtown Lake Worth Beach Portfolio Multi-Family FOR SALE


Lake Worth, FL - SOSA
$5,485,000 USD
954-501-5020
, Lake Worth, FL for Sale
$5,485,000 USD
Multi-Family - FOR SALE
1/40
null | 6.65% Cap Rate

Downtown Lake Worth Beach Portfolio
Lake Worth, FL
SOSA


HIGHLIGHTS

  • Properties Available Individually Or As A Combined Portfolio
  • 22 Units Across Four Boutique Properties In Lake Worth Beach
  • Extensively Renovated With New Roofs, HVAC Systems, Impact Windows, And PVC & Copper Plumbing
  • Diverse Mix Of Studio, One-, Two-, And Three-Bedroom Floorplans

OVERVIEW

Marcus & Millichap is pleased to present the Lake Worth Beach Portfolio, a collection of 22 multifamily units across four boutique properties located throughout Lake Worth Beach, Florida. The portfolio consists of 17 S L Street (4 units), 131 S Federal Highway (5 units), 301 S M Street (5 units), and 1001 S Federal Highway (8 units). While each property is being marketed individually, investors also have the opportunity to acquire the entire portfolio, offering the flexibility to purchase one or multiple assets. Collectively, the portfolio has benefited from extensive capital improvements, including new mini-split air conditioning systems, new roof systems, hurricane impact windows, replacement of plumbing with new PVC and copper piping, renovated interiors and bathrooms, and new resident laundry facilities. The portfolio features a diverse mix of studio, one-bedroom, two-bedroom, and three-bedroom floorplans, appealing to a broad tenant base while minimizing near-term capital expenditure requirements. Ideally located throughout Lake Worth Beach, the properties offer convenient access to Downtown Lake Worth Beach, Downtown Lantana, the Intracoastal Waterway, Lake Worth Beach Park, and Interstate 95. Residents benefit from proximity to a variety of restaurants, retail destinations, and entertainment venues, while nearby employment drivers include JFK Medical Center, Palm Beach County government offices, and the surrounding healthcare and commercial corridors. The Lake Worth Beach Portfolio presents a rare opportunity to acquire a collection of renovated boutique multifamily assets in one of Palm Beach County's most desirable coastal rental markets. Whether purchased individually or as a portfolio, these properties offer strong in-place cash flow, significant recent capital improvements, and long-term appreciation potential in a supply-constrained submarket.

ASK ABOUT THIS PROPERTY

Daniel CunninghamMarcus & MillichapMore Info
954-501-5020

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Daniel CunninghamMarcus & MillichapMore Info
954-501-5020

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