Rare 16-unit Multifamily Opportunity – Four Solid Cbs Quadplexes In A Tenant-magnet Location
exceptional Opportunity To Acquire Four Concrete Block Quadplexes Located At 805, 809, 817, And 821 South H Street In Lake Worth.
this Investment Consists Of 16 Large 2-bedroom / 1-bath Apartments, Each Offering Over 815 Square Feet Of Living Space, A Highly Desirable Layout That Consistently Attracts Long-term Tenants. Ownership Has Already Addressed Several Major Expense Items, Dramatically Reducing Near-term Capital Risk:
brand New Roofs
new Central A/c Systems
individually Metered Utilities Allowing Tenants To Pay For Water And Electric
current Rents Average Approximately $1,900 Per Unit, Presenting A Clear Path To Market Rents Of Around $2,100 With Minimal Additional Investment. The Large Unit Sizes, Desirable Layout, And Strong Location Make Achieving Market Rents Highly Attainable For A Capable Operator.
the Property Is Conveniently Connected To Major Transportation Corridors Including Dixie Highway, 6th Avenue, And I-95.
opportunities To Acquire 16 Well-located Cbs Units With Major Improvements Already Completed Are Increasingly Rare In Lake Worth. With Low Operating Expenses, Limited Capital Requirements, And Clear Rental Upside, This Portfolio Presents A Compelling Opportunity For An Astute Investor To Unlock Significant Value While Strengthening The Property's Financial Performance.