Skip to main content

Multifamily

Gulfstream Townhomes

4567 Gulfstream Rd, Lake Worth, FL 33461

Listing Price: $3,300,000

Cap Rate
5.35%
Number of Units
9
GRM
10.66
Occupancy
96.0%
Price/Unit
$366,667
Price/Gross SF
$269.12
Gross SF
12,262

Investment Overview

Marcus & Millichap, as exclusive listing agents, are pleased to present to market the Gulfstream Road Townhomes, located at 4567 Gulfstream Road, Lake Worth, Florida 33461. The property has undergone significant renovations and construction, including the addition of three units, all of which were completed in 2023. The entirety of the property has been built with concrete-block construction, totaling 11,585 square feet and is situated on a 1.1-acre lot. The unit mix consists of five (5) two-bedroom / one & a half-bathroom units, one (1) three-bedroom / two & a half bathroom units, and three (3) four-bedroom / two & a half-bathroom units.

The property has undergone significant interior and exterior renovations. Exterior renovations include adding new metal roofs, impact windows, central air conditioning units, landscaping, exterior paint, a resurfaced driveway/parking lot, and connecting each unit to its own water meter. The interior of the units have undergone a complete floor to ceiling gut renovation which includes granite countertops, stainless steel appliances, washers and dryers in each unit, tile flooring and new cabinetry.

Gulfstream Road Townhomes, located west of Congress Avenue, east of Military Drive, south of Lake Worth Rd and just north of Melaleuca Lane, providing excellent access to the area's major employment centers and economic drivers including Palm Beach State College and JFK Medical Center. The property is ideally situated between two major highways, Interstate-95 to the east and Florida’s Turnpike to the west.

This property offers an investor the opportunity to purchase a turn key, cash flowing asset in the incredible rental market of Lake Worth.

Investment Highlights

  • Favorable Unit Mix of Large 2-, 3-, 4-Bedroom Floor Plans
  • All Metal Roofs, Impact Windows, And Recently Paved Driveway/Parking Lot
  • Each Unit Equipped With A Washer & Dryer
  • Separately Metered For Water & Electricity
  • Located in Densely Populated Lake Worth Rental Market, Conveniently Between Interstate-95 and Florida's Turnpike

Exclusively Listed By

Multifamily

Gulfstream Townhomes

Listing Price: $3,300,000

Cap Rate
5.35%
Number of Units
9
GRM
10.66
Occupancy
96.0%
Price/Unit
$366,667
Price/Gross SF
$269.12
Gross SF
12,262

Investment Highlights

  • Favorable Unit Mix of Large 2-, 3-, 4-Bedroom Floor Plans
  • All Metal Roofs, Impact Windows, And Recently Paved Driveway/Parking Lot
  • Each Unit Equipped With A Washer & Dryer
  • Separately Metered For Water & Electricity
  • Located in Densely Populated Lake Worth Rental Market, Conveniently Between Interstate-95 and Florida's Turnpike

Investment Overview

Marcus & Millichap, as exclusive listing agents, are pleased to present to market the Gulfstream Road Townhomes, located at 4567 Gulfstream Road, Lake Worth, Florida 33461. The property has undergone significant renovations and construction, including the addition of three units, all of which were completed in 2023. The entirety of the property has been built with concrete-block construction, totaling 11,585 square feet and is situated on a 1.1-acre lot. The unit mix consists of five (5) two-bedroom / one & a half-bathroom units, one (1) three-bedroom / two & a half bathroom units, and three (3) four-bedroom / two & a half-bathroom units. The property has undergone significant interior and exterior renovations. Exterior renovations include adding new metal roofs, impact windows, central air conditioning units, landscaping, exterior paint, a resurfaced driveway/parking lot, and connecting each unit to its own water meter. The interior of the units have undergone a complete floor to ceiling gut renovation which includes granite countertops, stainless steel appliances, washers and dryers in each unit, tile flooring and new cabinetry. Gulfstream Road Townhomes, located west of Congress Avenue, east of Military Drive, south of Lake Worth Rd and just north of Melaleuca Lane, providing excellent access to the area's major employment centers and economic drivers including Palm Beach State College and JFK Medical Center. The property is ideally situated between two major highways, Interstate-95 to the east and Florida’s Turnpike to the west. This property offers an investor the opportunity to purchase a turn key, cash flowing asset in the incredible rental market of Lake Worth.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower