605 J St ,Attached, Quadruplex, Lake Worth Town Of for Sale

605 J St for Sale

Price $980,000.00

• Lot size 3416
• Year Build 1921
• Waterfront
• Zip 33460
• Style Attached
• Parking Description
• Pool Yes
• Status Active

Description

Fantastic investment opportunity! A 5-unit multifamily property, fully rented, priced below market value, offering the new owner a 15% upside on rent. Located in a high-density neighborhood with strong rental demand. Each unit has bright, spacious rooms. Plenty of parking available. The property includes 2 units with 2 beds/1 bath, 2 units with 1 bed/1 bath, and 1 rented garage. Income: $84,300, Expenses: $31,700, Cap Rate: 5.2%, Net Revenue: $52,591. Don?t miss this opportunity!

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11734209 Contact listing agent for showing.

TOWN OF LAKE WORTH LOT 10 BLK 207

Less Than 1/4 Acre Lot

Fantastic investment opportunity! A 5-unit multifamily property, fully rented, priced below market value, offering the new owner a 15% upside on rent. Located in a high-density neighborhood with strong rental demand. Each unit has bright, spacious rooms. Plenty of parking available. The property includes 2 units with 2 beds/1 bath, 2 units with 1 bed/1 bath, and 1 rented garage. Income: $84,300, Expenses: $31,700, Cap Rate: 5.2%, Net Revenue: $52,591. Don?t miss this opportunity!

City:Lake Worth,Zoning:SF-R (ci,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2024,Latitude:26.6083504,Cooling Y N:1,Heating Y N:1,List Price:980000,Listing Id:A11734209,Longitude:-80.0568091,Mls Status:Active,Year Built:1921,Living Area:3000,Postal Code:33460,Street Name:J St,Coordinates:1:26.6083504,Photos Count:29,Building Name:LAKE WORTH TOWN OF,Days On Market:20,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:4120,M L S Area Major:Lake Worth Town Of,On Market Date:2025-01-31,Parcel Number:38434421152070100,Parking Total:5,Property Type:Residential Income,Stories Total:1,Street Number:605,Association Y N:1,M I A M I R E_ Style:Fourplex,Public Remarks:Fantastic investment opportunity! A 5-unit multifamily property, fully rented, priced below market value, offering the new owner a 15% upside on rent. Located in a high-density neighborhood with strong rental demand. Each unit has bright, spacious rooms. Plenty of parking available. The property includes 2 units with 2 beds/1 bath, 2 units with 1 bed/1 bath, and 1 rented garage. Income: $84,300, Expenses: $31,700, Cap Rate: 5.2%, Net Revenue: $52,591. Don?t miss this opportunity!,Structure Type:1:Fourplex,County Or Parish:Palm Beach County,List Office Name:Beachfront Realty Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:4900,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:S,Subdivision Name:LAKE WORTH TOWN OF,Tax Annual Amount:12847,Unparsed Address:605 S J St, Lake Worth FL 33460,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:3416,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:326.6667,Original List Price:1050000,Previous List Price:1000008,Public Survey Range:38,I D X Participation Y N:1,Syndication Remarks:Fantastic investment opportunity! A 5-unit multifamily property, fully rented, priced below market value, offering the new owner a 15% upside on rent. Located in a high-density neighborhood with strong rental demand. Each unit has bright, spacious rooms. Plenty of parking available. The property includes 2 units with 2 beds/1 bath, 2 units with 1 bed/1 bath, and 1 rented garage. Income: $84,300, Expenses: $31,700, Cap Rate: 5.2%, Net Revenue: $52,591. Don?t miss this opportunity!,Listing Contract Date:2025-01-31,Originating System I D:miamire,Public Survey Section:21,Showing Instructions:Appointment Only,Street Number Numeric:605,Tax Legal Description:TOWN OF LAKE WORTH LOT 10 BLK 207,Public Survey Township:38,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:2936,Association Fee Frequency:Monthly,M I A M I R E_ Internet Remarks:Fantastic investment opportunity 5 units Multifamily Income $84300, Expenses $31700, Cap Rate 6%, net revenue $52591.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2025-01-31,Internet Address Display Y N:1,Number Of Units In Community:4,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:326.67,