

Listed by ONE Commercial Real Estate
$2,790,000
LAKE WORTH TOWN OF
Details
APN 38434421151580090
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 5,144
Units 10
Cap Rate 8.38%
NOI $233,667
Pro-Forma Cap Rate 9.34%
Pro-Forma NOI $260,620
Class B
Year Built 1953
Zoning MU-FH (c
Parking Spaces 7 spaces
Parking Per SqFt 1.36
Sale Condition 1031 exchange
Multifamily | 8.38% CAP | 10 Units
Marketing description
M Lake Worth Beach is a fully renovated 10 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 2 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. All units been meticulously renovated. In addition, the property features an outdoor amenity space, including a custom-built BBQ area, outdoor dining and lounge, a serene environment enhanced by ambient lighting and lush landscaping. Ideally 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, West Palm Beach, M LWB 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. With proven income and 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.
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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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