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3871 Patio Ct 10 Unit Apartment Building $5,299,000 ($529,900/Unit) 5.10% Cap Rate Lake Worth, FL 33461
Investment Highlights
- 10 Units Townhomes was Built in 2024
Executive Summary
Great income play. New units, require very little maintenance.
Attractive cap rate with room to grow
Flexibly deeded as individual units
Total control
Great location
Owner/Agent
Attractive cap rate with room to grow
Flexibly deeded as individual units
Total control
Great location
Owner/Agent
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,299,000 | Building Class | C |
| Price Per Unit | $529,900 | Lot Size | 0.93 AC |
| Sale Type | Investment | Building Size | 17,540 SF |
| Cap Rate | 5.10% | Average Occupancy | 100% |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| No. Units | 10 | Year Built | 2024 |
| Property Type | Multifamily | Parking Ratio | 2/1,000 SF |
| Property Subtype | Apartment | Parcel Number | 70-42-44-24-46-001-0000 |
| Apartment Style | Townhome | ||
| Zoning | RM—RESIDENTIAL MULTI-FAMI - RM—RESIDENTIAL MULTI-FAMILY (70-PALM SPRINGS) | ||
| Price | $5,299,000 |
| Price Per Unit | $529,900 |
| Sale Type | Investment |
| Cap Rate | 5.10% |
| Sale Condition | 1031 Exchange |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.93 AC |
| Building Size | 17,540 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2024 |
| Parking Ratio | 2/1,000 SF |
| Zoning | RM—RESIDENTIAL MULTI-FAMI - RM—RESIDENTIAL MULTI-FAMILY (70-PALM SPRINGS) |
| Parcel Number | 70-42-44-24-46-001-0000 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 10 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
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3871 Patio Ct
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