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1212 10th Ave N - Prime Investment-24 Units Approved 0.71 Acres of Residential Land Offered at $1,575,000 in Lake Worth, FL 33460
Investment Highlights
- Prime location with 24 apartment units approved and shovel ready.
- (8) efficiencies, (8) one bedroom (8) two bedroom; projected annual rent $547k
- Double corner lot with over 300' of frontage on 10th Avenue N
Executive Summary
Prime investment opportunity to purchase a double corner lot. 24 unit apartment approved and shovel ready (Projected annual rent 8 efficiencies @$1700/mo , 8 one bedroom @$1900/mo and 8 Two bedroom @ $2100/mo totaling $547,200 annual rent) or can develop single family, retail or office.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$547,200
|
$770,704.23
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$547,200
|
$770,704.23
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $547,200 |
| Annual Per AC | $770,704.23 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $547,200 |
| Annual Per AC | $770,704.23 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts
1 Lot Available
Lot
| Price | $1,575,000 | Lot Size | 0.71 AC |
| Price Per AC | $2,218,309.86 |
| Price | $1,575,000 |
| Price Per AC | $2,218,309.86 |
| Lot Size | 0.71 AC |
Double corner lot with 4 parcels totaling +/- .71 acres in the City of Lake Worth Beach's Northern entrance. Over 300' on 10th Avenue North
Description
Double corner lot with over 300 feet on 10th Avenue N, between E Street and F Street. Near 1-95 and a few blocks from Walgreens. 2.3 mile drive to Lake Worth Beach Park and Palm Beach
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 (2025) | |
| Land Assessment | $0 (2025) | Total Assessment | $345,574 (2025) |
Property Taxes
Parcel Numbers
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$345,574 (2025)
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1212 10th Ave N - Prime Investment-24 Units Approved
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