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Multifamily

1029 S D St

1029 S D St, Lake Worth, FL 33460

Listing Price: $745,000

Cap Rate
7.30%
Number of Units
4
GRM
8.39
Occupancy
96.0%
Price/Unit
$186,250
Price/Gross SF
$230.51
Gross SF
3,232

Investment Overview

Marcus & Millichap, as exclusive listing agents, is pleased to present to market 1029 S D Street. The property consists of four units between two buildings on the same parcel located in Lake Worth Beach. The front building has one (1) two-bed /one-bath unit with an attached garage while the back building has three (3) one-bed / one-bath units. The property was built in 1978 with concrete block construction and a pitched composite shingle roof. The building is separately metered for electricity. The major thoroughfares the property lies between are Lantana Road to the south, and 6th Avenue South to the north, Interstate-95 to the west, and US-1 to the east.

This Quadplex provides an owner occupant or investor an excellent opportunity to purchase a stable, cash flowing asset in the quickly growing city of Lake Worth Beach.

Investment Highlights

  • Located In Highly Populated Lake Worth Beach
  • Concrete Block Construction
  • Three One-Bed / One-Bath Units and One Two-Bed / One-Bath Unit With Attached Garage

Exclusively Listed By

Financing By

Multifamily

1029 S D St

Listing Price: $745,000

Cap Rate
7.30%
Number of Units
4
GRM
8.39
Occupancy
96.0%
Price/Unit
$186,250
Price/Gross SF
$230.51
Gross SF
3,232

Investment Highlights

  • Located In Highly Populated Lake Worth Beach
  • Concrete Block Construction
  • Three One-Bed / One-Bath Units and One Two-Bed / One-Bath Unit With Attached Garage

Investment Overview

Marcus & Millichap, as exclusive listing agents, is pleased to present to market 1029 S D Street. The property consists of four units between two buildings on the same parcel located in Lake Worth Beach. The front building has one (1) two-bed /one-bath unit with an attached garage while the back building has three (3) one-bed / one-bath units. The property was built in 1978 with concrete block construction and a pitched composite shingle roof. The building is separately metered for electricity. The major thoroughfares the property lies between are Lantana Road to the south, and 6th Avenue South to the north, Interstate-95 to the west, and US-1 to the east. This Quadplex provides an owner occupant or investor an excellent opportunity to purchase a stable, cash flowing asset in the quickly growing city of Lake Worth Beach.

Exclusively Listed By

Financing By

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