Renovated quadplex featuring four spacious 2 bedroom, 2 bath units each approximately 1,200 square feet. The property consists of two concrete block duplex buildings on nearly third of acre with newer roofs, impact windows and doors, and updated interiors. Each unit includes washer/dryer or possibility of hook up and separate electric/water meters.
Located just minutes from downtown Lake Worth Beach, Bryant Park, and the oceanfront, this property offers exceptional rental upside in a high demand neighborhood.
Features:
~4,800 Total Sq Ft
Concrete block construction
New roofs (2022)
Impact windows & doors throughout
Ample off street parking
Separately metered electric/water
Potential market rent: $2,300+/month per unit offered at 5.75% cap rate. Ideal for long term tenants, short term rental conversion, or 1031 exchange buyers looking for a stabilized, turnkey asset with upside potential.
Possible owner financing with 40% down.
Renovated quadplex featuring four spacious 2 bedroom, 2 bath units each approximately 1,200 square feet. The property consists of two concrete block duplex buildings on nearly third of acre with newer roofs, impact windows and doors, and updated interiors. Each unit includes washer/dryer or possibility of hook up and separate electric/water meters.
Located just minutes from downtown Lake Worth Beach, Bryant Park, and the oceanfront, this property offers exceptional rental upside in a high demand neighborhood.
Features:
~4,800 Total Sq Ft
Concrete block construction
New roofs (2022)
Impact windows & doors throughout
Ample off street parking
Separately metered electric/water
Potential market rent: $2,300+/month per unit offered at 5.75% cap rate. Ideal for long term tenants, short term rental conversion, or 1031 exchange buyers looking for a stabilized, turnkey asset with upside potential.
Possible owner financing with 40% down.
Features
Building and Construction
Exterior Features: None
Flooring: Ceramic Tile
Roof: Composition
Eco-Communities
Water Source: Public
Utilities
Cooling: Central Air
Heating: Central
Sewer: Public Sewer
Utilities: Sewer Available, Water Available
Amenities
Association Amenities: None
Finance and Tax Information
Tax Year: 2024
Rental Information
Tenant Pays: Cable TV, Electricity, Water
Other Features
Legal Description: LAKE WORTH TOWN OF ADD 1 LTS 11 & 12 BLK 29
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