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27627164
27627151

401 6th ave n, lake worth, FL 33460

AS
FL 3346131
ONE Commercial Real Estate
Listed by ONE Commercial Real Estate
$2,790,000
251 days on market
Updated 91 days ago

M Lake Worth Beach

Details
Property Type Hospitality, Multifamily
Sub Type Apartment Building, Hotel (+1)
Square Footage 5,144
Units 10
Cap Rate 8.38%
NOI $233,667
Pro-Forma Cap Rate 9.34%
Pro-Forma NOI $260,620
Price per SqFt $542
Broker Co-Op Yes
Class B
Year Built 1953
Year Renovated 2023
Buildings 2
Stories 1
Acreage 0.300
Zoning MU-FH—MIXED USE FEDERAL HWY (38-LAKE WORTH BEACH)
Parking Spaces 8 spaces
Parking Per SqFt 1.56
Investment Type Stabilized
Ground Lease No

Hospitality | 8.38% CAP | 10 Keys

Marketing description

One Commercial Real Estate is pleased to present M Lake Worth Beach, a fully renovated, ten-unit boutique short-term rental property offering a unique and stylish retreat just one mile from the pristine shores of Lake Worth Beach, Florida. M Lake Worth Beach has two years of solid performance history.

The property has been thoughtfully designed with a blend of retro charm and modern upgrades, capturing the nostalgic vibes of mid-century design while providing guests with all the contemporary comforts they expect. Each of the ten units; a mix of studios, one bedroom, two bedroom apartments that has been meticulously renovated with brand new flooring, cabinetry, appliances, fixtures, and furniture, creating a fresh and inviting atmosphere. The design incorporates warm wood tones, neutral palettes, and modern touches that deliver a welcoming, vibrant space for both short-term visitors and longer stays.

Guests will enjoy a curated and comfortable experience, with memory foam beds, fully equipped kitchens or kitchenettes, blackout shades, and chic furnishings throughout. In addition, the property features an expansive outdoor amenity space, including a custom-built BBQ area, outdoor dining and lounge seating, and a serene environment enhanced by ambient lighting and lush landscaping , perfect for gatherings or moments of relaxationIdeally located within walking distance to downtown Lake Worth Beach’s vibrant dining, arts, and shopping scene, and just minutes from Palm Beach International Airport, Brightline, Tri-Rail, and West Palm Beach, M Lake Worth Beach attracts both leisure and business travelers looking for a unique and well-connected destination. This boutique property’s prime location, along with its distinctive design and high guest satisfaction, ensures consistent demand and strong rental performance.

Offered as a fully operational and turnkey short-term rental asset, M Lake Worth Beach presents a compelling investment opportunity. With proven income, favorable zoning, and a modern aesthetic that sets it apart from other properties in the area, this building provides investors with a chance to capitalize on the growing demand for unique, high-quality hospitality experiences in South Florida.

Investment highlights

Prime location: 1 mile to beach, walkable to downtown

• Fully renovated with modern-retro design

• Property is being sold with webiste and business

• Strong short-term rental appeal with proven track record

• Minutes to the shops and restaurants on Lucerne and Lake Ave

• Walking distance to The Lake Worth Beach Golf Course

• Great Proximity to major transport (PBI Airport, Brightline, Tri-Rail)

• Outdoor amenity space ideal for guests enjoyment

Listing Contacts

AS
FL 3346131
ONE Commercial Real Estate
Listed by ONE Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$233,667.00
$19,472.25/mo

Valuation Metrics

0
DSCR
8.38%
Cap Rate
8.38%
ROI

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Additional Information

Name
Alexis Shapiro
License
3346131
Brokerage Phone
9545734449
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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