402 Ocean Breeze - Apartments FOR SALE


Lake Worth Beach, FL 33460
$2,219,516 USD
561-789-7726
402 Ocean Breeze, Lake Worth Beach, FL for Sale
$2,219,516 USD
Apartments - FOR SALE
1/59
null | 8.28% Cap Rate

402 Ocean Breeze
Lake Worth Beach, FL 33460


HIGHLIGHTS

  • This incredible property and opportunity to own a main house and five additional multi family units.
  • The main house consists of three bedrooms and 2 baths.
  • Efficiency apartment, apartment 1 is two bedrooms and 1 bath, apartment 2, is two bedrooms and 1 bath.
  • apartment 3 is a studio with 1 bath and apartment 4 is a studio with 1 bath.

OVERVIEW

402 S. Ocean Breeze This incredible property and opportunity to own a main house and five additional multi family units. There are three buildings that are all on one deed that make up this property. The main house consists of three bedrooms and 2 baths. Efficiency apartment, apartment 1 is two bedrooms and 1 bath, apartment 2, is two bedrooms and 1 bath, apartment 3 is a studio with 1 bath and apartment 4 is a studio with 1 bath. Prime Location: Situated on S Ocean Breeze, this property benefits from high visibility and easy accessibility, attracting a steady flow of potential of short and long term tenants. • Proximity to Attractions: Located just minutes from downtown Lake Worth Beach and the Atlantic Ocean, this property offers convenience and lifestyle appeal, attracting a steady flow of visitors, tourists, and potential tenants. • Investment Growth: Situated in a rapidly developing area with increasing property values, this investment promises strong appreciation potential, making it a smart choice for long-term returns and portfolio growth. LIST PRICE: $2,219,516 Highlights Beach Access: Located just a short drive from the beach, the property is attractive for those looking to enjoy coastal living and for businesses catering to tourists and beachgoers. Mixed-Use Potential: The property’s zoning allows for a mix of commercial and residential uses, offering flexible investment opportunities and diverse revenue streams.

FOR SALE DETAILS

PRICE

$2,219,516 USD

PRICE/SF

$666 USD /SF

# OF UNITS

5

PRICE/UNIT

$443,903

CAP RATE

8.28%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lake Worth Beach Portfolio

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1941

PARKING SPACES

4

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

MF-20

APN/PARCEL ID

38-43-44-21-15-163-0060

ASK ABOUT THIS PROPERTY

David JosephThe Keyes CompanyMore Info
561-789-7726

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David JosephThe Keyes CompanyMore Info
561-789-7726

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