713 2 Ave Lake Worth Beach, FL 33460
This exceptional investment opportunity presents a beautifully maintained, eight-unit multi-family property situated on a corner lot in desirable Lake Worth Beach, Florida. The property, located at 713 2nd Avenue S, boasts a total of 4,592 square feet and comprises two buildings. Each of the eight units is attractively furnished. Built in 1950, the property underwent a complete renovation in 2020, resulting in significant upgrades. These improvements include brand new hurricane impact glass windows and doors, fresh stucco, a new roof, refinished floors, updated plumbing and water lines, a completely overhauled mechanical and electrical system, and upgraded lighting throughout. The property also features a spacious backyard, offering ample room for the addition of a swimming pool. Its prime location places it just one block away from the renowned Bamboo Room. Detailed rent rolls are available for review upon request. The owner is also offering a package deal that includes three additional commercial/residential income-producing properties in Lake Worth Beach (805 Lake Ave, 1812 N Dixie Hwy, and 1914 N Dixie Hwy), presenting a unique opportunity for a significant portfolio acquisition. The asking price for this specific property is $1,699,000.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.