Lake Worth Beach Multi Family Portfolio

Investment Overview

Lake Worth Multi-Family Property Portfolio: A Prime Investment Opportunity Discover the Charm of Lake Worth Beach Nestled along the picturesque Atlantic coastline, Lake Worth Beach is a vibrant and growing community known for its rich cultural heritage, eclectic downtown, and beautiful beaches. This charming area offers a perfect blend of small-town warmth and metropolitan convenience, making it an attractive destination for residents and investors alike. With its unique character, excellent amenities, and a thriving rental market, Lake Worth Beach presents a golden opportunity for savvy investors. PROPERTY HIGHLIGHTS This exceptional single / multi-family portfolio in Lake Worth, Florida, comprises eight (8) strategically located buildings, offering a total of twenty-eight (28) units. Each property features unique architectural styles and modern amenities, ensuring a diverse and appealing selection for tenants. The portfolio includes a mix of unit sizes and configurations, catering to various tenant needs and maximizing rental potential. With a solid average cap rate of 8.26%, these properties promise a robust return on investment. Situated in a vibrant and growing community, this portfolio presents a rare opportunity to acquire income-generating assets in a highly desirable area. LOCATION OVERVIEW Dynamic Cultural Hub: Lake Worth is renowned for its vibrant cultural scene, featuring a variety of art galleries, theaters, and live music venues that create a lively and enriching environment for residents. Charming Coastal Living: The picturesque downtown area and beautiful Atlantic beaches offer a perfect blend of small-town charm and coastal lifestyle, attracting those who appreciate both relaxation and community spirit. Strong Investment Potential: With a robust rental market and high occupancy rates, Lake Worth presents a lucrative opportunity for investors seeking stable income and long-term property appreciation. The Portfolio We are pleased to present an exclusive portfolio of eight multi-family properties, strategically located in the heart of Lake Worth Beach. This collection represents a rare opportunity to acquire a diverse set of income-generating assets in a highly desirable area. Here are the details of the properties included: 215 N Federal Highway Size: 2,814 sq. ft. Units: 4 Price: $1,687,653 (8.56% Cap Rate) Year Built: 1921 906 N L St. Size: 2,104 sq. ft. Units: 4 Price: $1,436,558 (7.71% Cap Rate) Year Built: 1943 1021 N Palmway Size: 1,548 sq. ft. Units: 1 Price: $557,411 (7.03% Cap Rate) Year Built: 1930 517 S J St. Size: 952 sq. ft. Units: 2 Price: $756,090 (8.40% Cap Rate) Year Built: 1956 417 N J St. Size: 1,620 sq. ft. Units: 3 Price: $1,153,499 (8.29% Cap Rate) Year Built: 1969 402 S Ocean Breeze Size: 3,044 sq. ft. Units: 6 Price: $2,219,516 (8.28% Cap Rate) Year Built: 1941 506 S M St. Size: 1,728 sq. ft. Units: 4 Price: $1,429,774 (8.45% Cap Rate) Year Built: 1925 314 S Federal Highway Size: 2,148 sq. ft. Units: 4 Price: $1,559,498 (8.57% Cap Rate) Year Built: 1928 Investment Highlights Stable Income: These properties offer consistent rental income with high occupancy rates, making them a reliable investment. Strategic Location: Situated in the thriving Lake Worth Beach area, these properties are close to popular attractions, shopping centers, restaurants, and the beach, ensuring high demand from renters. Diverse Property Types: The portfolio includes a mix of unit sizes and configurations, catering to a wide range of tenants and maximizing rental potential. Attractive Cap Rates: With an average cap rate of 8.26%, this portfolio promises a solid return on investment. Growth Potential: Lake Worth Beach is experiencing significant growth and development, enhancing the long-term value and appreciation potential of these properties. Why Lake Worth Beach? Lake Worth Beach is not just a location; it's a lifestyle. The area boasts a rich cultural scene with numerous art galleries, theaters, and music venues. The historic downtown offers a variety of dining and shopping options, while the pristine beaches provide endless opportunities for relaxation and recreation. Additionally, the area is home to excellent schools, parks, and community facilities, making it a desirable place to live and invest. The Allure of Airbnb in Lake Worth Beach Lake Worth Beach is rapidly becoming a hotspot for Airbnb rentals, drawing in tourists and short-term visitors from around the globe. The area's unique blend of cultural attractions, vibrant nightlife, and stunning beaches makes it an irresistible destination for travelers seeking a memorable vacation experience. With its charming historic downtown, eclectic arts scene, and numerous festivals and events, Lake Worth Beach offers visitors a taste of authentic Florida, far removed from the typical tourist traps. This diverse and engaging environment ensures a steady stream of guests eager to enjoy the local hospitality, making it a prime location for profitable Airbnb investments. Furthermore, the strategic location of these multi-family properties enhances their appeal for Airbnb hosts. Proximity to major highways and public transportation makes it convenient for visitors to explore nearby attractions such as Palm Beach, West Palm Beach, and the renowned Worth Avenue shopping district. Additionally, the area's friendly and welcoming atmosphere, combined with its year-round pleasant weather, ensures that visitors have a delightful stay, leading to high occupancy rates and positive reviews. Investing in Airbnb properties in Lake Worth Beach not only promises substantial returns but also provides an opportunity to be part of a thriving community that continues to captivate and charm its visitors. Conclusion This portfolio of multi-family properties in Lake Worth Beach is a rare and lucrative investment opportunity. With its prime location, stable income, and growth potential, it is an ideal choice for investors looking to expand their portfolio and capitalize on the booming South Florida real estate market. Don't miss out on this chance to own a piece of Lake Worth Beach's vibrant community and secure your financial future. For more information or to schedule a viewing, please contact David Joseph and Les Waites at The Keyes Company. Let us help you make a smart investment today!