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Property profile & analytics
OFF-MARKET
Commercial real estate

402 Ocean Breeze St Lake Worth Beach, FL 33460

3,044 SF Built 1941
Property ID
US19-0293882
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1941
Total area 3,044 SF
UPID US19-0293882
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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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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