925 S K St - Apartments FOR SALE


Lake Worth, FL 33460- SOSA
$3,680,000 USD
561-929-7317
925 S K St, Lake Worth, FL for Sale
$3,680,000 USD
Apartments - FOR SALE
1/17
null | 7.52% Cap Rate

925 S K St
Lake Worth, FL 33460
SOSA


HIGHLIGHTS

  • Rarely available Boutique 16-Unit Apartment Building located in East Lake Worth Beach. A+ Location
  • 16 meticulously maintained, highly desirable, Large 1 Bedroom / 1 Bath units & bonus 2 Bedroom 1 Bath
  • New Roof in 2018 & solid Concrete Block Construction.
  • Easy rent collection & Seller also easily self-manages the property.
  • 16 on-site parking spaces with additional street parking.

OVERVIEW

RPM LUXE REALTY is pleased to present this amazing 16 Unit Multifamily Jewel available in East Lake Worth Beach FL. Size & Occupancy This property features 16 meticulously maintained, highly desirable, large 1 bedroom 1 bath units and one 2 bedroom 1 Bath in one of South Florida’s most sought-after rental markets. 925 S K Street is poised to deliver consistent and reliable cash flow, ease of management, and significant upside for years to come. Prime Location & Superior Construction Built with durable concrete block and stucco, this property combines robust construction with modern upgrades and minimal deferred maintenance. The roof, replaced less than six years ago, ensures peace of mind for investors. Located in the thriving East Lake Worth Beach, this area is a favorite among renters and a proven winner for investors seeking stability and growth. Turnkey Property with Upside Potential Surrounded by established single-family neighborhoods, 925 S K Street delivers unparalleled convenience. Its proximity to shopping, major employment centers, and daily conveniences makes it highly appealing to tenants. While current rents are competitive for the market, there’s considerable potential for increases, as the current owner has prioritized tenant retention and steady cash flow. High Demand & Limited Supply While new Class A and luxury developments cater to the high-end rental market, the majority of South Florida’s population growth stems from working- and middle-class households. Despite this shift, the supply of affordable Class B and C apartments has remained largely static, creating a significant opportunity for investors. This dynamic highlights a clear value proposition: Affordable multifamily housing is in high demand and short supply. 925 S K Street stands out as a premier option in this category, offering an exceptional investment opportunity for those looking to enter or expand their footprint in the thriving South Florida market.

FOR SALE DETAILS

PRICE

$3,680,000 USD

PRICE/SF

$430 USD /SF

# OF UNITS

16

PRICE/UNIT

$230,000

CAP RATE

7.52%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Boutique 16-Unit Multifamily Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,787 SF

ZONING

SF7

APN/PARCEL ID

38-43-44-27-01-026-0150

ASK ABOUT THIS PROPERTY

Rodger P Morelli, MBARPM Luxe RealtyMore Info
561-929-7317

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Rodger P Morelli, MBARPM Luxe RealtyMore Info
561-929-7317

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