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.