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Double Quadplexes 712-714 S F St 8 Unit Apartment Building $1,900,000 ($237,500/Unit) 6.75% Cap Rate Lake Worth, FL 33460

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Investment Highlights

  • Desirable Location
  • Easy Access to Downtown, Jobs, Schools, Parks, Dixie Hwy, and I-95
  • Spacious Two Bedroom Apartments

Executive Summary

STRONG VALUE-ADD PLAY — DOUBLE QUADPLEX CASH FLOW BEAST! Serious investors — this is the kind of high-performing, low-expense multifamily asset that rarely hits the market. 714 South F Street, Lake Worth delivers two solid CBS quadplexes (8 total units) with major capital improvements already completed and strong in-place income from day one. Durable construction. Proven cash flow. Built-in upside. PROPERTY HIGHLIGHTS: 2 quadplex buildings (8 total units) Eight spacious 2BR/1BA apartments Over $15,000/month in reliable gross income Owner pays less than $600/month in utilities MAJOR CAPITAL IMPROVEMENTS COMPLETED: New AC systems Solid roofs New flooring Updated water heaters Upgraded appliances Result: Minimal near-term capex + strong operating efficiency TENANT MAGNET LOCATION: Positioned in a high-demand rental corridor surrounded by stable, desirable communities. Tenants love the frictionless access to: Major employment hubs Schools Downtown Lake Worth Area beaches and parks Key arteries: 6th Ave, Dixie Hwy, and I-95 WHY THIS DEAL DOMINATES: Strong in-place cash flow low operating expenses Big-ticket improvements already done Highly desirable 2BR/1BA unit mix Proven tenant demand Clear value-add runway for an experienced operator Perfect for the hands-on investor who knows how to push rents, tighten operations, and unlock the next level of performance.

Data Room Click Here to Access

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
Net Operating Income - -

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
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $1,900,000
Price Per Unit $237,500
Sale Type Investment
Cap Rate 6.75%
Sale Condition 1031 Exchange
No. Units 8
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.31 AC
Building Size 7,789 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1973/2022
Parking Ratio 1.28/1,000 SF
Opportunity Zone Yes
Zoning MF30

Amenities

Unit Amenities

  • Air Conditioning

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 8 $2,000 765
Bike Score®
Very Bikeable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
38-43-44-21-15-227-0050
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,005,769
  • Listing ID: 39595645

  • Date on Market: 2/26/2026

  • Last Updated:

  • Address: 712-714 S F St, Lake Worth, FL 33460

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