506 S M St - Apartments FOR SALE


Lake Worth Beach, FL 33460
$1,429,774 USD
561-789-7726
506 S M St, Lake Worth Beach, FL for Sale
$1,429,774 USD
Apartments - FOR SALE
1/27
null | 8.45% Cap Rate

506 S M St
Lake Worth Beach, FL 33460


HIGHLIGHTS

  • This two story building, is located on the quiet M. Street, located in Lake Worth Beach.
  • The property consists of four apartments, apartment 1 is a one bedroom and 1 bath unit.
  • Apartment 2 is a two bedroom 1 bath unit.
  • Apartment 3 & 4 are studio apartments with 1 bath each.

OVERVIEW

506 S. M Street. This two story building, is located on the quiet M. Street, located in Lake Worth Beach. The property consists of four apartments, apartment 1 is a one bedroom and 1 bath unit, apartment 2 is a two bedroom 1 bath unit, apartment 3 is a studio apartment with 1 bath and another studio with 1 bath. Prime Location: Situated on S M St., this property benefits from high visibility and easy accessibility, attracting a steady flow 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: $1,429,774 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

$1,429,774 USD

PRICE/SF

$722 USD /SF

# OF UNITS

4

PRICE/UNIT

$357,444

CAP RATE

8.45%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,273 SF

ZONING

SFR

APN/PARCEL ID

38-43-44-27-01-001-0080

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.