Investment Overview

Marcus & Millichap, as exclusive listing agent, is proud to present to market the Lake Worth Portfolio, which is located at 622 N M St, 815 S L St, 920 S K St and 1029 S D St all in Lake Worth, which is in Palm Beach County, Florida. The offering consists of four quadplexes totaling 16 units, with 14 of the 16 units being spacious one-bedroom / one-bathroom floorplans and the remaining two being a two-bedroom / one-bathroom unit and a studio. The Lake Worth Portfolio is comprised of four separately folio’d properties (38-43-44-21-15-275-0160, 38-43-44-21-15-172-0060, 38-43-44-27-01-018-0120, and 38-43-44-27-01-027-0040) totaling .62 acres. The properties were built in 1957, 1970, 1977, and 1978, each with concrete block construction. The properties have both wall and window unit air conditioners. All of properties are located east of Interstate-95 and west of Federal Highway with three of the properties situated just south of Sixth Avenue South and the last property just south of 10th Avenue North. All of the properties are a short distance to the well-known local restaurants and retail throughout downtown Lake Worth. The Lake Worth Portfolio 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.