• listing
  • 8-Unit Value-Add Multifamily
Sold: 1302 12th Avenue South Lake Worth Beach, FL 33460
  • 8-Unit Value-Add Multifamily
  • $2,150,000 ($268,750/Unit)
  • 5.32% Cap Rate

8-Unit Value-Add Multifamily

ONE Commercial Real Estate is pleased to present 1302 12th Avenue South, consisting of eight (8) units, which was just recently completely renovated, including interior, exterior, electrical, landscaping, and a new security system. This is a turn-key investment opportunity.

This property is available individually or as part of a unique opportunity to purchase a value-add portfolio of twenty-six (26) units across four (4) buildings, all within a few minutes proximity of one another in the growing and highly appreciating area of Lake Worth Beach, Florida.

The portfolio offering consists of a desirable unit mix of ten (10) 2 BR/1 BA and sixteen (16) 1 BR/1 BA units. The majority of tenants are on month-to-month leases, giving a buyer the flexibility to renovate and raise rents.

Lake Worth Beach has experienced a surge of new development, including new shopping centers, luxury condominiums, new roads and sidewalks, as well as an expansion of downtown mixed-use, urban zoning. As a result of the increase in living costs in neighboring Delray, Boynton Beach and Palm Beach, Lake Worth Beach is the epitome of waterfront urban living and positions these properties as prime investment opportunities and rental properties.

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Multifamily Advisor

Property Info

  • Unit Mix
    (4) 1 BR/ 1 BA; (4) 2 BR/ 1 BA
  • GLA
    5,134 SF
  • Lot Size
    0.19 Acres
  • Built

Property Highlights

  • Fully renovated turnkey investment opportunity
  • Month-to-month leases
  • Short walk to downtown Lake Avenue
  • Located in an Opportunity Zone
  • Tenants pay all utilities


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

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