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626 S Federal Hwy 9 Unit Apartment Building $1,495,000 ($166,111/Unit) 6.10% Cap Rate Lake Worth, FL 33460
Investment Highlights
- Nice Location in Lake Worth Beach!
- Rental Upside!
- Courtyard Style Units
- 6.1% Cap Rate on Existing
Executive Summary
Cash flow 8 unit building in perfect pocket in Lake Worth Beach. Consists of two- 4plex buildings on attractively landscaped large lot. Includes off street parking for 8 cars and a laundry facility. Most units have been redone in the last few years. Nicely landscaped.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 | $1,495,000 | Property Subtype | Apartment |
| Price Per Unit | $166,111 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.10% | Lot Size | 0.31 AC |
| Sale Condition | 1031 Exchange | Building Size | 4,469 SF |
| Gross Rent Multiplier | 10 | No. Stories | 1 |
| No. Units | 9 | Year Built/Renovated | 1950/2024 |
| Property Type | Multifamily | Parking Ratio | 1.79/1,000 SF |
| Zoning | POMF20 | ||
| Price | $1,495,000 |
| Price Per Unit | $166,111 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 4,469 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1950/2024 |
| Parking Ratio | 1.79/1,000 SF |
| Zoning | POMF20 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 1 | $1,750 | 800 |
| 1+1 | 3 | $1,425 | 500 - 550 |
| Studios | 4 | $1,288 | 300 |
| Studios | 1 | $1,000 | 250 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 38-43-44-27-01-008-0020 | Total Assessment | $885,359 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
38-43-44-27-01-008-0020
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$885,359 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Contact the Sale Advisor
626 S Federal Hwy