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Property profile & analytics
OFF-MARKET
Apartment buildings

621 M St Lake Worth Beach, FL 33460

Built 1925
Property ID
Property summary
AI-generated overview

This charming 1925-built, two-story triplex in Lake Worth Beach, Florida, presents a compelling investment opportunity. Located at 621 S M St, 33460, this multifamily property boasts a desirable location, offering easy access to downtown amenities and high pedestrian traffic. The asking price is $699,000. Two of the three units have undergone recent renovations, showcasing modern upgrades including new granite countertops, stylish new flooring, durable impact windows, and updated appliances. These improvements contribute to a strong rental income stream, making the property attractive for both long-term and short-term rental strategies. The third unit, a two-story structure, offers significant potential for customization and added value. A ready-to-finish garage is also included, providing further opportunities for enhancement or additional rental income. The property's prime location in Palm Beach County, Florida, within a thriving market, ensures a strong return on investment. This is a rare opportunity to acquire a partly upgraded asset with considerable upside potential in a highly sought-after area. Don't miss out!

Property profile
Verified
Property type Apartment buildings
Year built 1925
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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