731 J St Lake Worth Beach, FL 33460
- Apartment buildings
- 500 SF
Current Use by Public Records
- Apartment buildings
Property Details for 731 J St
- Property size
- 500 SF
- Property type
- Apartment buildings
Description
This exceptional three-unit apartment building, located at 731 N J St in Lake Worth Beach, Florida (zip code 33460), presents a lucrative investment opportunity. The property boasts a total of three units, each offering approximately 500-600 square feet of living space. All three units are currently occupied by long-term tenants who work in close proximity to the building, ensuring consistent occupancy and rental income. Each unit is equipped with a mini-split AC unit for climate control. A convenient laundry hook-up is located in the garage, which also provides ample storage space for the owner. Current rental income is below market value, at $1150 per unit, suggesting significant potential for increased profitability. The owner currently covers water, garbage, and sewer expenses, while tenants are responsible for their own electricity. This property offers a strong foundation for a solid return on investment, with the potential for immediate rental increases and long-term appreciation in a desirable Florida location. The property is situated in Palm Beach County and is easily accessible. This is a turnkey investment ready for a new owner.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lake Worth Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0563
- Latitude
- 26.625
