• listing
  • RESIDENTIAL - MULTIFAMILY
101-103 LUCERNE AVENUE LAKE WORTH BEACH, FL 33460
  • RESIDENTIAL - MULTIFAMILY
  • 1,900,000 (380,000/Unit)
  • 7.02%% Cap Rate

RESIDENTIAL - MULTIFAMILY

  • 6,743 SF LOT SIZE
  • 1,904 SF BUILDING 1
  • 826 SF BUILDING 2
  • 2,730 SF TOTAL AREA UNDER AIR
  • 7.02% YEAR 1 CAP RATE
  • 5.36% MULTIFAMILY / MTM MODEL

ONE Commercial Real Estate is pleased to present The Lucerne, five units currently operating as Extended stay/monthly rentals boasting Art Deco styling, located in the heart of downtown Lake Worth Beach, Florida.

Four tastefully decorated studios are located in one two-story structure with a cozy lobby, and a spacious 2 bedroom 2 bath cottage that is located within a second detached structure with new roof. All units are complete with kitchen, bar area, and patio areas. A private courtyard with gazebo & garden between them provides a comfortable amenity for guests to relax.

Both the lobby and exterior features exude the vibrant, unmistakable Art Deco architecture renowned for bold ornamentation and elegance. Bathrooms and kitchens have been updated and include durable vanities, cabinets, granite counter tops, in addition to other stylish features. The backyard and common areas have been meticulously landscaped, providing a fresh and clean environment for visitors to enjoy.

The downtown Lake Worth Beach neighborhood has seen tremendous growth with its mix of cultural vibrance and favorable location.

The flexible rental strategy positions itself to meet the growing demand for turn key and boutique accommodations within the submarket. With its prime location and Art Deco stylings, The Lucerne delivers a competitive product to the market capable of outperforming comparable options within the segment.


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Alexis
Shapiro
Multifamily Advisor

Location

101-103 LUCERNE AVENUE,
LAKE WORTH BEACH, FL 33460

Contact

contact Alexis
954.573.4449
3250 Mary Street, Suite 520
Coconut Grove, FL 33133

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