621 M St Lake Worth Beach, FL 33460
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!
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.