Fantastic investment opportunity! A 5-unit multifamily property, fully rented, priced below market value, offering the new owner a 15% upside on rent. Located in a high-density neighborhood with strong rental demand. Each unit has bright, spacious rooms. Ple

605 SOUTH J ST, Lake Worth

$1,000,000 USD
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Address605 SOUTH J ST, Lake Worth
Building NameLAKE WORTH TOWN OF
Type of PropertyQuadruplex
Property StyleQuadruplex
Price$1,000,000
Previous Price$940,000 (192 days ago)
Property StatusActive
MLS NumberA11734209
Living Area3000
Year Built1921
Parking Space Number5
Folio Number38434421152070100
Gross Rent Income$86,100
Net Operating Income$51,808
Zoning InformationSF-R (CI
Days on Market239

Detailed Description: Fantastic investment opportunity! A 5-unit multifamily property, fully rented, priced below market value, offering the new owner a 15% upside on rent. Located in a high-density neighborhood with strong rental demand. Each unit has bright, spacious rooms. Plenty of parking available. The property includes 2 units with 2 beds / 1 bath, 2 units with 1 bed / 1 bath, and 1 rented garage. Income: $84,300, Expenses: $31,700, Cap Rate: 5.40%, Net Revenue: $52,591. Don’t miss this opportunity!

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Address Information
StateFlorida
CityLake Worth
CountyPalm Beach County
Zip Code33460
Address605 SOUTH J ST
Section21
Zip Code (4 Digits)4900
Financial Information
Price$1,000,000
Price per Foot$0
Previous Price$940,000
Folio Number38434421152070100
Gross Rent Income$86,100
Net Operating Income$51,808
Association Fee PaidMonthly
Tax Amount$12,847
Tax Year2024
Possession InformationFunding
Full Descriptions
Detailed DescriptionFantastic investment opportunity! A 5-unit multifamily property, fully rented, priced below market value, offering the new owner a 15% upside on rent. Located in a high-density neighborhood with strong rental demand. Each unit has bright, spacious rooms. Plenty of parking available. The property includes 2 units with 2 beds / 1 bath, 2 units with 1 bed / 1 bath, and 1 rented garage. Income: $84,300, Expenses: $31,700, Cap Rate: 5.40%, Net Revenue: $52,591. Don’t miss this opportunity!
Roof DescriptionOther
Floor DescriptionCeramic Floor
Cooling DescriptionCentral Air
Heating DescriptionCentral
Sewer DescriptionOther
Property parameters
Living Area3000
Zoning InformationSF-R (CI
Year Built1921
Type of PropertyQuadruplex
StyleQuadruplex
Building NameLAKE WORTH TOWN OF
Development NameLAKE WORTH TOWN OF
Stories Number1.000
Street DirectionSouth
Parking Space Number5
Listed withBeachfront Realty Inc