East Lake Worth Multifamily
1751-1755 4 Avenue N Lake Worth, FL 33460
1751-1755 4 Avenue N, Lake Worth, FL, 33460
Contact for pricing
For Sale
Contact for pricing
Five-unit multifamily property near East Lake Worth Beach.
Property Size2,800 SF
Lot Size0.75 Acres
Price / SF$383.93
Days on Market638
Property Features for 1751-1755 4 Avenue N
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Lot size
- 0.75 Acres
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1958
Listing Agency
CPRE Organization Inc
Listed by
Traci Hart · License #FL
Source
Crexi
Added: Oct 20, 2024 Checked: Jul 19 at 5:34 am
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 CPRE Organization Inc
Investment Insights
Based on property information with market context.
This multifamily property features a single-family home and two duplexes, totaling five units. The single-family home includes two bedrooms and two full bathrooms. One duplex unit offers two bedrooms and two baths, while the other three units each have one bedroom and one bath. The property spans nearly three-quarters of an acre in the East Lake Worth Beach area. With R-20 zoning, additional units are permissible. The property size is 2800 square feet.
Key Highlights
- Five total units provide immediate rental income.
- R‑20 zoning allows for construction of additional units.
- Large lot size of nearly three‑quarters of an acre.
Local 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 | $70.6k | $25.20 |
| − Vacancy | −$3.9k | −$1.39 |
| EGI | $66.7k | $23.81 |
| − OpEx | −$20.0k | −$7.14 |
| NOI | $46.7k | $16.67 |
2,800 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$666.8K
$583.4K – $777.9K
NOI $46,675 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$615.2K
$538.3K – $717.7K
NOI $43,062 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,034 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Five-unit multifamily property near East Lake Worth Beach.
Where is this multifamily property located?
The property is located at 1751-1755 4 Avenue N Lake Worth, FL.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Five total units provide immediate rental income.; R‑20 zoning allows for construction of additional units.; Large lot size of nearly three‑quarters of an acre.
