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- LoopNet Team
1751 4th Ave N
Lake Worth, FL 33460
1751 - 1755 4th Ave N, Lake Worth, FL · Multifamily Property For Sale
·
5 Units
INVESTMENT HIGHLIGHTS
- In-Place Cash Flow
- Downtown Lake Worth Location
- Development Potential for Higher Density
PROPERTY FACTS
| No. Units | 5 | Lot Size | 0.61 AC |
| Property Type | Multifamily | Building Size | 2,832 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 1 |
| Building Class | C | Year Built | 1947 |
| Zoning | MF-20 - Low Density Multifamily | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.61 AC |
| Building Size | 2,832 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1947 |
| Zoning | MF-20 - Low Density Multifamily |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
ABOUT 1751 4TH AVE N , LAKE WORTH, FL 33460
5-unit multifamily assemblage situated on .61 Acre site with Multifamily - 20 Zoning. Parcel 1 includes a 2 Bedroom, 2 Bath single family house, PLUS a separate duplex featuring two 1 Bed / 1 Bath units. Parcel 2 Features a duplex with a 1 Bed/1 Bath and 2 Bed/2 Bath Unit. 5 Electric meters, and 2 water. Unit interiors have been freshly renovated and property is 100% occupied. Current rent roll of $5,650 per month. 7% cap-rate in-place. Multiple new-construction apartments in vicinity with height and density variances. Excellent opportunity to develop this site for greater density multifamily. Property is comprised of 2 separate parcel IDs, must be purchased together, but possible to finance with residential financing. Contact Listing Agent for pro-forma and support
PROPERTY TAXES
| Parcel Number | 38-43-44-21-02-033-0071 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $298,485 |
PROPERTY TAXES
