Condo-Style Multifamily with
For Sale
$998,000
602 N H Street #1a, Lake Worth, FL 33460
Six condo-structured units with individual deeds and utility meters, offering a path to stabilization in a rental-demand area.
Property Size620 SF
Days on Market59
Property Features for 602 N H Street #1a
General Information
Standard status
Active
Size
620 SF
Zoning
MF-20(
Net Operating Income
$89,189
Additional Details
Cap Rate
7.09%
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$13,200
Building Details
Building Size
620 SF
Year Built
1971
Stories
2
Listing Agency:
Atlantic Florida Properties Inc
(786) 663-4790
Listed By:
Astrid A Paternina · License #3097140
(786) 663-4790
Source:
Laerrealty
Added: Jul 5
Changed: Aug 31
Last Checked: Aug 31 at 12:50PM
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 Atlantic Florida Properties Inc
Investment Insights
Based on property information with market context.
This for-sale multifamily property is structured as a condo-style ownership model with individual deeds and individual utility meters. The unit mix includes six homes: four 1-bedroom/1-bath units at approximately 620 square feet and two 2-bedroom/1-bath units at approximately 796 square feet. The current layout supports straightforward tenant turnover and ongoing rent management as part of operational stabilization.
The property is located at 602 N H Street in Lake Worth Beach, Florida. It sits within a mixed-use zoning designation (MU-DIXIE). The listing also notes strong rental demand in the surrounding area.
For investors and operators, the condo structure can support future unit-by-unit resale, while the individual deed and meter setup may simplify administration compared with a single-owner utility arrangement. The offering is described as having solid in-place income with additional value-add opportunity through stabilization and rent optimization, and it references an approximate 7.09% cap rate at the asking price.
The property is located at 602 N H Street in Lake Worth Beach, Florida. It sits within a mixed-use zoning designation (MU-DIXIE). The listing also notes strong rental demand in the surrounding area.
For investors and operators, the condo structure can support future unit-by-unit resale, while the individual deed and meter setup may simplify administration compared with a single-owner utility arrangement. The offering is described as having solid in-place income with additional value-add opportunity through stabilization and rent optimization, and it references an approximate 7.09% cap rate at the asking price.
Key Highlights
- Six condo‑structured units built in 1971 with individual deeds and utility meters
- Unit mix includes 1/1s, 2/1s, and 2/1‑sized units totaling approx. 4,472 SF across 6 units
- Approx. 7.09% cap rate at the asking price
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,854
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six condo-structured units with individual deeds and utility meters, offering a path to stabilization in a rental-demand area.
Where is this apartment building located?
The property is located at 602 N H Street #1a Lake Worth, FL.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Six condo‑structured units built in 1971 with individual deeds and utility meters; Unit mix includes 1/1s, 2/1s, and 2/1‑sized units totaling approx. 4,472 SF across 6 units; Approx. 7.09% cap rate at the asking price
