805 S H St, Lake Worth FL 33460

For sale Days on market 72

LAKE WORTH TOWN OF [ Quadruplex ]

$3,800,000

$291/sq ft

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Overview

Year Built

1970

Sqft

13068

Property Type

Quadruplex

Property Description

THIS OFFERING IS PART OF A 32-UniT Apartment Portfolio comprising of 927 S Pine St, 714 South F, and 805-809-817-821 South H RARE 16-UNIT MULTIFAMILY OPPORTUNITY – FOUR SOLID CBS QUADPLEXES IN A TENANT-MAGNET LOCATION Exceptional opportunity to acquire four concrete block quadplexes located at 805, 809, 817, and 821 South H Street in Lake Worth. This investment consists of 16 large 2-bedroom / 1-bath apartments, each offering over 815 square feet of living space, a highly desirable layout that consistently attracts long-term tenants. Ownership has already addressed several major expense items, dramatically reducing near-term capital risk: Brand new roofs New central A/C systems Individually metered utilities allowing tenants to pay for water and electric Current rents average approximately $1,900 per unit, presenting a clear path to market rents of around $2,100 with minimal additional investment. The large unit sizes, desirable layout, and strong location make achieving market rents highly attainable for a capable operator. Opportunities to acquire 16 well-located CBS units with major improvements already completed are increasingly rare in Lake Worth. With low operating expenses, limited capital requirements, and clear rental upside, this portfolio presents a compelling opportunity for an astute investor to unlock significant value while strengthening the property's financial performance.

Property Details

MLS#

A11979194

Total Floor in Bldg

Building

LAKE WORTH TOWN OF

Address

805 H St S

City

Lake Worth

State/county

Zip/Postal Code

33460

Area

Lake Worth Town Of

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$52,165

Maint Fee

$--

Tax Year

2025

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