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Multifamily

Kurki Apartment Condos

126 S D St, Lake Worth, FL 33460

Listing Price: $1,260,000

Cap Rate
5.47%
Number of Units
7
Occupancy
95.0%
Price/Unit
$180,000
Price/Gross SF
$205.71
Gross SF
6,125

Investment Overview

Marcus & Millichap, as exclusive listing agent, is proud to present to market the Kurki Apartment Condos which is located at 126 S D St, Lake Worth Beach, which is in Palm Beach County, Florida. The offering consists of 7 units all of which are large two-bedroom / one and a half-bathroom floorplans. There is a total of 8 multifamily units within the building. The Kurki Apartment Condos is comprised of one building with all units separately parceled out (38-43-44-28-51-000-0010, 38-43-44-28-51-000-0020, 38-43-44-28-51-000-0030, 38-43-44-28-51-000-0040, 38-43-44-28-51-000-0060, 38-43-44-28-51-000-0070 and 38-43-44-28-51-000-0080) totaling .31 acres. The property was built in 1980 with concrete block construction. The property has central air throughout and coin operated washer and dryer on site. All units have their own personal outdoor patio space. The property sits west of South Dixie Highway, just two blocks south of Lake Avenue, walking distance to all the well-known local restaurants and retail throughout downtown Lake Worth Beach. The asset also has exceptional proximity to Lake Worth Community Highschool, as well as Interstate 95 and Federal Highway. The Kurki Apartment Condos provides and investor an excellent opportunity to purchase a stable, cash flowing asset with tremendous upside by increasing rents to market in the quickly growing city of Lake Worth Beach.

Investment Highlights

  • Located In Highly Populated Lake Worth Beach
  • 1980 Concrete Block Construction
  • Central Air Conditioning Throughout
  • Coin Operated Washer & Dryer On Site
  • Current Monthly Rents Are Approximately 25% Below Market

Exclusively Listed By

Financing By

Multifamily

Kurki Apartment Condos

Listing Price: $1,260,000

Cap Rate
5.47%
Number of Units
7
Occupancy
95.0%
Price/Unit
$180,000
Price/Gross SF
$205.71
Gross SF
6,125

Investment Highlights

  • Located In Highly Populated Lake Worth Beach
  • 1980 Concrete Block Construction
  • Central Air Conditioning Throughout
  • Coin Operated Washer & Dryer On Site
  • Current Monthly Rents Are Approximately 25% Below Market

Investment Overview

Marcus & Millichap, as exclusive listing agent, is proud to present to market the Kurki Apartment Condos which is located at 126 S D St, Lake Worth Beach, which is in Palm Beach County, Florida. The offering consists of 7 units all of which are large two-bedroom / one and a half-bathroom floorplans. There is a total of 8 multifamily units within the building. The Kurki Apartment Condos is comprised of one building with all units separately parceled out (38-43-44-28-51-000-0010, 38-43-44-28-51-000-0020, 38-43-44-28-51-000-0030, 38-43-44-28-51-000-0040, 38-43-44-28-51-000-0060, 38-43-44-28-51-000-0070 and 38-43-44-28-51-000-0080) totaling .31 acres. The property was built in 1980 with concrete block construction. The property has central air throughout and coin operated washer and dryer on site. All units have their own personal outdoor patio space. The property sits west of South Dixie Highway, just two blocks south of Lake Avenue, walking distance to all the well-known local restaurants and retail throughout downtown Lake Worth Beach. The asset also has exceptional proximity to Lake Worth Community Highschool, as well as Interstate 95 and Federal Highway. The Kurki Apartment Condos provides and investor an excellent opportunity to purchase a stable, cash flowing asset with tremendous upside by increasing rents to market in the quickly growing city of Lake Worth Beach.

Exclusively Listed By

Financing By

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