Lake Worth Town, 605 S J St, Lake Worth Beach, FL 33460

$1,000,000Price
3,000SqFt

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Details

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Status:
Active
Size: 3,000 SqFt (279 m2)
Price: $333/SqFt ($3,588/m2)
Type: Multi Family
Built: 1921
HOA: N/A
MLS Number: A11734209
On Site: 179 Days
Updated: 132 Days ago
Page Views: 0
Fantastic investment opportunity! A 5-unit multifamily property, fully rented, priced below market value, offering the new owner a 15% upside on rent. Located in a high-density neighborhood with strong rental demand. Each unit has bright, spacious rooms. Plenty of parking available. The property includes 2 units with 2 beds/1 bath, 2 units with 1 bed/1 bath, and 1 rented garage. Income: $84,300, expenses: $31,700, cap rate: 5.40%, net revenue: $52,591. don’t miss this opportunity!
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: Central
        • Cooling Description: CentralAir
        Building and Construction
        • Floor Description: CeramicTile
        • Year Built: 1921
        • Year Built Description: Resale
        • Style: Fourplex
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2025-01-31T15:07:27.000-00:00
          Taxes, Fees & More
          • Taxes: 12847

          Price History

          03/19/2025

          Date

          Price Increased

          Event

          $1M

          Price

          6.38%

          Change Rate

          $333 ft2 / $3,588 m2

          Price Per

          03/05/2025

          Date

          Price Reduced

          Event

          $940K

          Price

          -4.08%

          Change Rate

          $313 ft2 / $3,373 m2

          Price Per

          02/19/2025

          Date

          Price Reduced

          Event

          $980K

          Price

          -2%

          Change Rate

          $327 ft2 / $3,516 m2

          Price Per

          02/07/2025

          Date

          Price Reduced

          Event

          $1M

          Price

          -4.76%

          Change Rate

          $333 ft2 / $3,588 m2

          Price Per

          01/29/2025

          Date

          Listed

          Event

          $1.1M

          Price

          $350 ft2 / $3,767 m2

          Price Per

          Price per square foot and days on website are not provided values and are calculated by Subdivisions.

          Listed by Eric AmsallemBeachfront Realty Inc • Buyer Agency Compensation .

          Instant Comps

          $100/ft²
          $200/ft²
          $500/ft²
          $800/ft²

          Unit 605 S J St – Asking

          $333/ft²

          (-8%) from Closed Medium $/ft²

          Closed Medium $/ft²

          $361/ft²
          Community $/Price Range (Closed) $116/ft² – $645/ft²
          No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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