301 S M St, Lake Worth Beach, FL 33460 For Sale

Marcus & Millichap is pleased to present M Street Apartments, a five-unit multifamily property located at 301 S M Street in Lake Worth Beach, Florida. Built in 1925, the property totals 3,084 gross square feet and is situated on a 0.23-acre lot. The asset is constructed of wood frame with a flat roof and consists of four two-bedroom/one-bathroom units and a one-bedroom/ one-bathroom unit, offering a desirable mix of larger floorplans and efficient living spaces. The property has undergone extensive capital improvements, including all new air conditioning systems with manufacturer warranties, completely renovated bathrooms, and replacement of the plumbing with new PVC and copper piping. Additionally, the property has been recently painted, enhancing curb appeal and minimizing near-term capital expenditures for a future owner.

M Street Apartments is ideally located just south of Downtown Lake Worth Beach, providing residents with convenient access to Lake Avenue's restaurants, breweries, coffee shops, boutiques, and entertainment venues. The property is also minutes from the Intracoastal Waterway, Lake Worth Beach Park, Interstate 95, and major employment centers including JFK Medical Center, Palm Beach County government offices, and the surrounding healthcare and commercial corridors.

M Street Apartments presents an opportunity to acquire a well-maintained boutique multifamily asset in one of Palm Beach County's most walkable coastal communities. With significant recent capital improvements, a desirable unit mix, and a prime infill location, the property is well positioned for stable cash flow and long-term appreciation.