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329 N K St 6 Unit Apartment Building $1,495,000 ($249,167/Unit) 4.84% Cap Rate Lake Worth, FL 33460
Investment Highlights
- Pride of Ownership!
- Central Location!
- Lush Landscaping!
Executive Summary
Lovely pride of ownership property in the heart of Lake Worth Beach. Courtyard setting with lush landscaping. 6 units with a mix of one- 4 bedroom, 3- one bedrooms and 2- studios. Includes laundry room (owned equipment and storage garage. Unit 1 includes a private exterior deck. Walking distance to Publix and down town Lake Worth Beach. Approximately 5 minutes to Lake Worth Golf course and the beach.
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$111,640
|
$27.42
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,000
|
$1.47
|
| Effective Gross Income |
$105,640
|
$25.94
|
| Taxes |
$15,000
|
$3.68
|
| Operating Expenses |
$12,600
|
$3.09
|
| Total Expenses |
$27,600
|
$6.78
|
| Net Operating Income |
$78,040
|
$19.17
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $111,640 |
| Annual Per SF | $27.42 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $6,000 |
| Annual Per SF | $1.47 |
| Effective Gross Income | |
|---|---|
| Annual | $105,640 |
| Annual Per SF | $25.94 |
| Taxes | |
|---|---|
| Annual | $15,000 |
| Annual Per SF | $3.68 |
| Operating Expenses | |
|---|---|
| Annual | $12,600 |
| Annual Per SF | $3.09 |
| Total Expenses | |
|---|---|
| Annual | $27,600 |
| Annual Per SF | $6.78 |
| Net Operating Income | |
|---|---|
| Annual | $78,040 |
| Annual Per SF | $19.17 |
Property Facts
| Price | $1,495,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $249,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 4.84% | Building Size | 4,072 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.46 | No. Stories | 2 |
| No. Units | 6 | Year Built/Renovated | 1928/2026 |
| Property Type | Multifamily | Parking Ratio | 0.74/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | MF-20 - Low Density Multi - MF-20 - Low Density Multi-family ( 38-LAKE WORTH BEACH ) Historic district | ||
| Price | $1,495,000 |
| Price Per Unit | $249,167 |
| Sale Type | Investment |
| Cap Rate | 4.84% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 13.46 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,072 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1928/2026 |
| Parking Ratio | 0.74/1,000 SF |
| Zoning | MF-20 - Low Density Multi - MF-20 - Low Density Multi-family ( 38-LAKE WORTH BEACH ) Historic district |
Amenities
Unit Amenities
- Ceiling Fans
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $1,545 | 625 |
| Studios | 2 | $1,300 | 450 |
| 4+1 | 1 | $1,995 | 1,100 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 38-43-44-21-15-088-0190 | Total Assessment | $597,000 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $15,000 ($3.68/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
38-43-44-21-15-088-0190
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$597,000 (2025)
Annual Taxes
$15,000 ($3.68/SF)
Tax Year
2026
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329 N K St
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