802 N J Street, Lake Worth, FL 33460
MULTI_FAMILY - Lake Worth Beach, FL
Property Features for 802 N J Street
General Information
Taxes and HOA fees
Utilities
Amenities
Building Details
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Investment Insights
Based on property information with market context.
The property sits on a 0.15-acre lot and includes 3 off-street parking spaces. Constructed with concrete block (with stucco) and built in 1950, the buildings have shingle roofs and are served by public water and public sewer, with phone available. The property is zoned SF-TF-14 (city).
The layout across two buildings may appeal to buyers seeking an owner-occupant setup while maintaining rental flexibility across the remaining units.
Key Highlights
- Two separate CBS buildings totaling 4 units
- Renovations include newer roofs, impact windows and doors, updated kitchens and baths
- Central A/C systems throughout; electric heating with central cooling
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.0k | $25.20 |
| − Vacancy | −$3.0k | −$1.39 |
| EGI | $51.1k | $23.81 |
| − OpEx | −$15.3k | −$7.14 |
| NOI | $35.7k | $16.67 |
Alternative Uses
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Location Intelligence
Trade Area within ½ mile
Demographics for 33460, FL
Market
Vacancy Rate% for Multifamily in South region