Wood-Exterior Multifamily
New
For Sale
$755,900
1014 S M Street 1, Lake Worth, FL 33460
Built in 1968, the property has wall- or window-mounted cooling units and SF-R city zoning.
Property Size3,030 SF
Price / SF$299.37
Days on Market3
Property Features for 1014 S M Street 1
General Information
Standard status
Active
Size
3,030 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
SF-R (city)
Taxes and HOA fees
Annual Taxes
$13,921
Amenities
Wall/Window Unit(s)
Wood
Other
Building Details
Building Size
3,030 SF
Year Built
1968
Stories
1
Listing Agency:
Hot Team Realty & Investmt Srv
Listed By:
Jean P Renelus · License #3070530
(561) 667-8051
Source:
Evrealestate
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hot Team Realty & Investmt Srv
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property dates to 1968 and has wood exterior materials. Cooling is provided by wall- or window-mounted units, and the property carries SF-R zoning under city jurisdiction.
The property is at 1014 S M Street in Lake Worth Beach, Palm Beach County.
The property is at 1014 S M Street in Lake Worth Beach, Palm Beach County.
Key Highlights
- 1968 construction
- Wood exterior
- Wall/window unit cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,833
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,660
$776.7K
Cap Rate 7%
$554,757
$554.8K
Cap Rate 9%
$431,478
$431.5K
Market Conditions
NOI Build-Up for 2,525 SF
Gross rent
$73.9K $29.28/SF
− Vacancy
−$3.3K −$1.32/SF
EGI
$70.6K $27.96/SF
− OpEx
−$31.8K −$12.58/SF
NOI
$38.8K $15.38/SF
Area
Palm Beach County, FL
Vacancy
4.50%
Lease Rate
$29.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,660
Cap Rate 7%
$554,757
Cap Rate 9%
$431,478
Alternative Uses
Best Use
Apartment 5plus
$554.8K
$485.4K – $647.2K
NOI $38,833 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.56M – $2.07M
NOI $124,477 @ 7.0% cap · market cap 16.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Location Intelligence
Trade Area within ½ mile
684
Businesses Nearby
Explore this area
Business Placement
Demographics for 33460, FL
36,409
Population
14,769
Households
2.5
Avg Household Size
36
Median Age
24%
College-Educated
72%
High-School Grad
4.7 sq mi
ZIP Area
7,747
Density / Sq Mi
$61,702
Median Household Income
$32,388
Median Earnings
$1,411
Median Rent
$333,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Built in 1968, the property has wall- or window-mounted cooling units and SF-R city zoning.
Where is this multifamily property located?
The property is located at 1014 S M Street 1 Lake Worth, FL.
What is the asking price?
The asking price for this property is $755,900.
What are key features of this property?
This property features: 1968 construction; Wood exterior; Wall/window unit cooling
