602 N H Street #1a Lake Worth, FL 33460

Building Details

Year Built

1971

Listing office Atlantic Florida Properties Inc l***@yahoo.com Show Phone

Listing date Jul 5, 2026

Source Laerrealty

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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.

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

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FAQs

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 $1,100,000.

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