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Downtown Lake Worth Beach Portfolio 4 Multifamily Properties Offered at $5,485,000 in Lake Worth, FL
Investment Highlights
- Properties Available Individually Or As A Combined Portfolio
- Extensively Renovated With New Roofs, HVAC Systems, Impact Windows, And PVC & Copper Plumbing
- 22 Units Across Four Boutique Properties In Lake Worth Beach
- Diverse Mix Of Studio, One-, Two-, And Three-Bedroom Floorplans
Executive Summary
Marcus & Millichap is pleased to present the Lake Worth Beach Portfolio, a collection of 22 multifamily units across four boutique properties located throughout Lake Worth Beach, Florida. The portfolio consists of 17 S L Street (4 units), 131 S Federal Highway (5 units), 301 S M Street (5 units), and 1001 S Federal Highway (8 units). While each property is being marketed individually, investors also have the opportunity to acquire the entire portfolio, offering the flexibility to purchase one or multiple assets.
Collectively, the portfolio has benefited from extensive capital improvements, including new mini-split air conditioning systems, new roof systems, hurricane impact windows, replacement of plumbing with new PVC and copper piping, renovated interiors and bathrooms, and new resident laundry facilities. The portfolio features a diverse mix of studio, one-bedroom, two-bedroom, and three-bedroom floorplans, appealing to a broad tenant base while minimizing near-term capital expenditure requirements.
Ideally located throughout Lake Worth Beach, the properties offer convenient access to Downtown Lake Worth Beach, Downtown Lantana, the Intracoastal Waterway, Lake Worth Beach Park, and Interstate 95. Residents benefit from proximity to a variety of restaurants, retail destinations, and entertainment venues, while nearby employment drivers include JFK Medical Center, Palm Beach County government offices, and the surrounding healthcare and commercial corridors.
The Lake Worth Beach Portfolio presents a rare opportunity to acquire a collection of renovated boutique multifamily assets in one of Palm Beach County's most desirable coastal rental markets. Whether purchased individually or as a portfolio, these properties offer strong in-place cash flow, significant recent capital improvements, and long-term appreciation potential in a supply-constrained submarket.
Collectively, the portfolio has benefited from extensive capital improvements, including new mini-split air conditioning systems, new roof systems, hurricane impact windows, replacement of plumbing with new PVC and copper piping, renovated interiors and bathrooms, and new resident laundry facilities. The portfolio features a diverse mix of studio, one-bedroom, two-bedroom, and three-bedroom floorplans, appealing to a broad tenant base while minimizing near-term capital expenditure requirements.
Ideally located throughout Lake Worth Beach, the properties offer convenient access to Downtown Lake Worth Beach, Downtown Lantana, the Intracoastal Waterway, Lake Worth Beach Park, and Interstate 95. Residents benefit from proximity to a variety of restaurants, retail destinations, and entertainment venues, while nearby employment drivers include JFK Medical Center, Palm Beach County government offices, and the surrounding healthcare and commercial corridors.
The Lake Worth Beach Portfolio presents a rare opportunity to acquire a collection of renovated boutique multifamily assets in one of Palm Beach County's most desirable coastal rental markets. Whether purchased individually or as a portfolio, these properties offer strong in-place cash flow, significant recent capital improvements, and long-term appreciation potential in a supply-constrained submarket.
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- Offering Memorandum
Property Facts
| Price | $5,485,000 | Number of Properties | 4 |
| Price / SF | $459.57 / SF | Individually For Sale | 0 |
| Cap Rate | 6.65% | Total Building Size | 11,935 SF |
| Sale Type | Investment | Total Land Area | 0.92 AC |
| Status | Active |
| Price | $5,485,000 |
| Price / SF | $459.57 / SF |
| Cap Rate | 6.65% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 11,935 SF |
| Total Land Area | 0.92 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1001 S Federal Hwy, Lake Worth, FL 33460 | Multifamily | 3,762 SF | 1958 | - |
| 131 S Federal Hwy, Lake Worth, FL 33460 | Multifamily | 3,112 SF | 1925 | - |
| 301 S M St, Lake Worth, FL 33460 | Multifamily | 3,084 SF | 1925 | - |
| 17 S L St, Lake Worth, FL 33460 | Multifamily | 1,977 SF | 1920 | - |
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