1406 Barton Rd - Apartments FOR SALE


Lake Worth, FL 33460
$3,450,000 USD
954-501-5020
1406 Barton Rd, Lake Worth, FL for Sale
$3,450,000 USD
Apartments - FOR SALE
1/6
null | 5.36% Cap Rate

1406 Barton Rd
Lake Worth, FL 33460


HIGHLIGHTS

  • Long Term Ownership, First Time the Property is Being Offered For Sale in 53 Years
  • All Units are Rented on a Month-To-Month Basis, Providing Immediate Flexibility for a New Owner
  • Opportunity to Add Value Through Increasing Monthly Rents to Market Rate
  • Close Proximity to Area Schools Including Barton Elementary School Which is Located Within Walking Distance to the Property
  • Situated 1 Mile North of Lantana Road and 1.2 Miles South of 6th Avenue S, Offering Quick Access to Interstate-95

OVERVIEW

Marcus & Millichap, as exclusive listing agent, is proud to present to market the Barton Apartments which is located at 1406 Barton Road, Lake Worth Beach, Florida. The Barton Apartments is comprised of (19) one-bedroom / one-bathroom units and (1) two-bedroom / one-bathroom unit. The property was originally constructed in 1971 of concrete block, a pitched composite shingle roof, and sits on a .53 acre lot. As of January 1st, 2025 all one-bedroom / one-bathroom units are scheduled to pay $1,500/month in rent. There is a laundry room on-site with all necessary hookups, as well as a fully functional sauna room with a shower, dressing area and storage. The property is located one mile North of Lantana Road and 1.2 miles south 6th Avenue South, offering phenomenal access to Interstate-95 (1 mile). The property sits less than a mile from several major grocers, such as Aldi and Publix and Costco, as well as a recently constructed Chick-Fil-A and Dunkin’. It also is just a 4 minute walk from Barton Elementary School.

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$264 USD /SF

# OF UNITS

20

PRICE/UNIT

$172,500

CAP RATE

5.36%

% 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

1971

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

SF7

APN/PARCEL ID

38-43-44-33-13-007-0040

ASK ABOUT THIS PROPERTY

Daniel CunninghamMarcus & MillichapMore Info
954-501-5020

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Daniel CunninghamMarcus & MillichapMore Info
954-501-5020

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