402 Ocean Breeze St Lake Worth Beach, FL 33460
- Commercial real estate
- 3,044 SF
Current Use by Public Records
- Commercial real estate
Property Details for 402 Ocean Breeze St
- Year built
- 1941
- Property size
- 3,044 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents eight strategically located multi-family buildings in the vibrant Lake Worth Beach, Florida, totaling 28 units. The portfolio boasts a diverse mix of unit sizes and configurations, catering to a wide range of tenant needs and maximizing rental income potential. Each building showcases unique architectural styles and modern amenities. The property offers a combined 3,044 square feet of space, built in 1941, and sits on a lot with an unrecorded size. The portfolio enjoys a strong average cap rate of 8.26%, promising a substantial return on investment. Lake Worth Beach is a dynamic cultural hub with a thriving arts scene, charming downtown area, and beautiful beaches. This combination of cultural attractions, coastal living, and strong rental market makes this portfolio an attractive investment in a highly desirable area with significant potential for appreciation. The location offers easy access to major highways and public transportation, making it convenient for both residents and short-term renters. The area's popularity as an Airbnb destination further enhances the investment potential, providing a steady stream of rental income. This is a rare opportunity to acquire income-generating assets in a flourishing community. The asking price for this portfolio is $2,219,516.
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
- -80.0514292
- Latitude
- 26.6107494
