1302 12th Ave S - Apartments FOR SALE


Lake Worth, FL 33460
$1,900,000 USD
561-318-1060
1302 12th Ave S, Lake Worth, FL for Sale
$1,900,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

1302 12th Ave S
Lake Worth, FL 33460


HIGHLIGHTS

  • 1302 12th Avenue S is a fully occupied two-story, eight-unit property providing prospective investors peace of mind and excellent profitability.
  • Meticulously renovated in 2022, tenants and owners can enjoy a refreshed, vibrant exterior and upgraded electric, water heaters, and plumbing.
  • Positioned between West Palm Beach and Boca Raton, Lake Worth is a vibrant community boasting accessibility to the area's renowned beaches.
  • Minutes to critical roadways like Interstate 95 and US Highway 1, 1302 12th Avenue S manifests a long-standing prime investment in South Florida.

OVERVIEW

Welcome to 1302 12th Avenue S in Lake Worth. This meticulously renovated two-story, eight-unit multifamily property epitomizes stability and profitability to prospective investors. Initially built in 1960, this fully occupied property underwent extensive permitted renovations in 2022, including an exterior paint job, a sleek address plaque, updated electricity, modern lighting fixtures outside each unit, new water heaters, and efficient plumbing. Inside 1302 12th Avenue S, each unit has been thoughtfully upgraded with new interior paint, modern plank flooring, stainless steel appliances, upgraded kitchen and restroom countertops, shaker cabinets, and contemporary bathtub tiling. These upgrades provide tenants with a comfortable and stylish living experience and a turnkey investment boasting limited maintenance requirements. Tenants also enjoy the property's off-street parking, which provides maximum accessibility and convenience. Nestled between West Palm Beach and Boca Raton, Lake Worth is renowned as the gateway to the tropics, thanks to its welcoming atmosphere, historic charm, vibrant downtown, and unique residential neighborhoods. Investors have a rare opportunity to seize a piece of South Florida's coastal landscape, with quick access to Interstate 95, US Highway 1, Federal Highway, and Palm Beach International Airport (PBI), ensuring convenient commuting and travel options for tenants. Take advantage of this rare chance to invest in a property that embodies the essence of South Florida living.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$380 USD /SF

# OF UNITS

8

PRICE/UNIT

$237,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

RS3

APN/PARCEL ID

38-43-44-28-59-001-0000

ASK ABOUT THIS PROPERTY

LC HerzogLW RealtyMore Info
561-318-1060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

LC HerzogLW RealtyMore Info
561-318-1060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.