Downtown 14-Unit Multifamily
202 Lucerne Ave 1-14 Lake Worth, FL 33460
For Sale
$2,980,000
Fourteen units include central A/C and private balconies, with an on-site laundry facility in a concrete block building.
Days on Market76
Property Features for 202 Lucerne Ave 1-14
General Information
- Standard status
- Active
- Property subtype
- Commercial
Building Details
- Year Built
- 1974
Listing Agency:
Fausto Commercial Realty Consultants Inc
(954) 743-7594
Listed By:
Elior Levi · License #A11952813
(954) 743-7594
Source:
Elliman
Added: May 10
Changed: Jul 21
Last Checked: Jul 23 at 4:47AM
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 Fausto Commercial Realty Consultants Inc
Investment Insights
Based on property information with market context.
This well-located 14-unit multifamily property was built in 1974 and constructed with concrete block and a stucco exterior. The unit mix includes thirteen 1-bedroom/1-bath apartments and one 2-bedroom/1-bath unit. Each unit is described as having central A/C, private balconies, and ample natural light. An on-site laundry facility is also available.
The property is positioned in downtown Lake Worth Beach, with proximity described as just steps from Lake Avenue and minutes from the Intracoastal Waterway, Lake Worth Beach Park, and JFK Medical Center. Walkability is indicated by a walk score of 67, with the location described as somewhat walkable. The property is also described as holding a valuable transitory license, which may allow for conversion to short-term rentals.
The asset is currently operated as annual rentals and presents an in-place income profile supported by the existing unit configuration, with potential for rental growth and operational improvements as described in the remarks.
The property is positioned in downtown Lake Worth Beach, with proximity described as just steps from Lake Avenue and minutes from the Intracoastal Waterway, Lake Worth Beach Park, and JFK Medical Center. Walkability is indicated by a walk score of 67, with the location described as somewhat walkable. The property is also described as holding a valuable transitory license, which may allow for conversion to short-term rentals.
The asset is currently operated as annual rentals and presents an in-place income profile supported by the existing unit configuration, with potential for rental growth and operational improvements as described in the remarks.
Key Highlights
- 14‑unit multifamily built in 1974 with concrete block construction and stucco exterior
- Unit mix: thirteen 1 bed/1 bath units plus one 2 bed/1 bath unit
- All units feature central A/C and private balconies
Property Analytics
Location Intelligence
Current Use by Public Records
Lucerne202
Vacation Rental
FAQs
What type of property is this?
Apartment building - Fourteen units include central A/C and private balconies, with an on-site laundry facility in a concrete block building.
Where is this apartment building located?
The property is located at 202 Lucerne Ave 1-14 Lake Worth, FL.
What is the asking price?
The asking price for this property is $2,980,000.
What are key features of this property?
This property features: 14‑unit multifamily built in 1974 with concrete block construction and stucco exterior; Unit mix: thirteen 1 bed/1 bath units plus one 2 bed/1 bath unit; All units feature central A/C and private balconies
