426 G StLake Worth Beach, FL 33460

Property Details for 426 G St

Year built

1943

Property type

Apartment buildings

Property subtype

Small apartment buildings

Description

This exceptional two-unit apartment building in desirable Lake Worth Beach, Florida presents a lucrative investment opportunity. Built in 1943 and situated at 426 N G St, 33460, this single-story property has undergone a complete renovation, boasting brand new flooring, appliances, and fixtures throughout. The property is currently fully occupied, generating a monthly rental income of $4,250, with leases extending through next summer. The front unit offers three bedrooms and one bathroom, while the rear unit, accessed from the alley, features one bedroom and its own private entrance. A significant investment in the property includes a new roof, installed up to the rafters, ensuring long-term structural integrity. The property benefits from its convenient location, within walking distance of Publix, Starbucks, Lake Avenue's vibrant restaurants and boutiques, and a short bike ride to the beach. Zoned for artisanal/industrial uses, this property offers significant potential for future development or continued strong rental income. The asking price is $439,000. This is a rare opportunity to acquire a high-performing, renovated multifamily property in a thriving Florida coastal community.

Location Insight

City

Lake Worth Beach

County

Palm Beach

State

Florida

Latitude

26.6213

Longitude

-80.0589

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