For Sale
$600,000

731 J StLake Worth Beach, FL 33460

Three-unit apartment building, excellent ROI.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional three-unit apartment building, located at 731 N J St in Lake Worth Beach, Florida (zip code 33460), presents a lucrative investment opportunity. The property boasts a total of three units, each offering approximately 500-600 square feet of living space. All three units are currently occupied by long-term tenants who work in close proximity to the building, ensuring consistent occupancy and rental income. Each unit is equipped with a mini-split AC unit for climate control. A convenient laundry hook-up is located in the garage, which also provides ample storage space for the owner. Current rental income is below market value, at $1150 per unit, suggesting significant potential for increased profitability. The owner currently covers water, garbage, and sewer expenses, while tenants are responsible for their own electricity. This property offers a strong foundation for a solid return on investment, with the potential for immediate rental increases and long-term appreciation in a desirable Florida location. The property is situated in Palm Beach County and is easily accessible. This is a turnkey investment ready for a new owner.

Highlights

  • Three-unit apartment building in Lake Worth Beach, FL (33460) offering a strong ROI.
  • Each unit is approximately 500-600 square feet.
  • All three units are currently occupied by long-term tenants.
  • Units feature mini-split AC and laundry hookup in the garage.
  • Current rent is $1150/unit, below market value, allowing for immediate rent increases.
  • Owner pays water, sewer, and garbage; tenants pay electricity.

Property Details for 731 J St

Property type
Apartment buildings
Square Feet
500 SF
Units
3

Location Insight

City
Lake Worth Beach
County
Palm Beach
State
Florida
Latitude
26.62498
Longitude
-80.056293
731 J St, Lake Worth Beach, Florida

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731 J St
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