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Property profile & analytics
OFF-MARKET
Small apartment buildings

426 G St Lake Worth Beach, FL 33460

Built 1943
Property ID
US18-8090749
Property summary
AI-generated overview

This exceptional two-unit apartment building in desirable Lake Worth Beach, Florida presents a lucrative investment opportunity. Built in 1943 and situated at 426 N G St, 33460, this single-story property has undergone a complete renovation, boasting brand new flooring, appliances, and fixtures throughout. The property is currently fully occupied, generating a monthly rental income of $4,250, with leases extending through next summer. The front unit offers three bedrooms and one bathroom, while the rear unit, accessed from the alley, features one bedroom and its own private entrance. A significant investment in the property includes a new roof, installed up to the rafters, ensuring long-term structural integrity. The property benefits from its convenient location, within walking distance of Publix, Starbucks, Lake Avenue's vibrant restaurants and boutiques, and a short bike ride to the beach. Zoned for artisanal/industrial uses, this property offers significant potential for future development or continued strong rental income. The asking price is $439,000. This is a rare opportunity to acquire a high-performing, renovated multifamily property in a thriving Florida coastal community.

Property profile
Verified
Property type Small apartment buildings
Year built 1943
UPID US18-8090749
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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