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Property profile

426 G St Lake Worth Beach, FL 33460

OFF-MARKET
Apartment buildings
Property ID
US18-8090749
Built 1943
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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 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

Location

426 G St Lake Worth Beach, FL 33460
Lake Worth Beach metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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