Rare Value-add Opportunity In Downtown Lake Worth!
this Is The High-upside Multifamily Deal You’ve Been Waiting For. Located At 409 4th Ave North, This Two-story Cbs Building Sits On A Prime Corner Lot Just Off Federal Highway And Only Two Blocks From Lucerne Ave, Placing It Squarely In One Of Lake Worth’s Strongest Rental Corridors.
property Highlights:
8 Spacious 2br/2ba Apartments
below-market Rents = Immediate Value-add Potential
currently Collecting $14,000/month With Room To Grow
owner Utilities Under $600/month (includes Washers & Dryers)
durable Cbs Construction With A 2017 Gable Roof (approx. 30-year Service Life) Updated Plumbing And Appliances
tenants Love This Walkable Downtown Pocket With Easy Access To Major Employment Centers, Schools, Restaurants, Bars, The Beach, And The Town Of Palm Beach. Strong Fundamentals Support Both Rent Growth And Long-term Appreciation.
why This Deal Stands Out:
proven Income With Upside On Rents
major Capital Items Already Addressed
efficient Expense Profile
desirable 2br/2ba Unit Mix
quiet Corner Lot With Great Access
true Value-add Without Heavy Lift
stabilized Today, Scalable Tomorrow. Opportunities To Reposition An 8-unit This Close To Lucerne Ave Without Major Capital Expenditure.
these Rare Value-add Assets In Downtown Lake Worth Do Not Last.
Features
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
Heating Description: Central
Cooling Description: CentralAir
Building and Construction
Floor Description: CeramicTile,Laminate
Year Built: 1968
Year Built Description: Effective Year Built
Style: Fourplex
Waterfront and Water Access
Waterfront Frontage: No info
School Information
Other Property Info
Listing Date: 2026-02-19T20:00:46.000-00:00
Taxes, Fees & More
Taxes: 29978
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