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Multifamily

512 9th Ave N

512 9th Ave N, Lake Worth Beach, FL 33460

Listing Price: $700,000

Cap Rate
5.96%
Number of Units
4
GRM
8.97
Occupancy
96.0%
Price/Unit
$175,000
Price/Gross SF
$342.63
Gross SF
2,043

Investment Overview

Marcus & Millichap, as exclusive listing agents, is pleased to present to market 512 9th Ave North. The property consists of four units in Lake Worth Beach, Florida. The unit mix consists of two (2) studio units, one (1) one-bed / one-bath and one (1) two-bed / one- bath units. The property was built in 1955 with concrete block construction and a pitched composite shingle roof. The building is separately metered for electricity. The property lies one block south of 10th Avenue North which provides easy access to Interstate-95 and US-1 to the west, and Federal Highway 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
  • Diverse Unit Mix Consisting of Studio, One- and Two- Bedroom Units

Exclusively Listed By

Multifamily

512 9th Ave N

Listing Price: $700,000

Cap Rate
5.96%
Number of Units
4
GRM
8.97
Occupancy
96.0%
Price/Unit
$175,000
Price/Gross SF
$342.63
Gross SF
2,043

Investment Highlights

  • Located In Highly Populated Lake Worth Beach
  • Concrete Block Construction
  • Diverse Unit Mix Consisting of Studio, One- and Two- Bedroom Units

Investment Overview

Marcus & Millichap, as exclusive listing agents, is pleased to present to market 512 9th Ave North. The property consists of four units in Lake Worth Beach, Florida. The unit mix consists of two (2) studio units, one (1) one-bed / one-bath and one (1) two-bed / one- bath units. The property was built in 1955 with concrete block construction and a pitched composite shingle roof. The building is separately metered for electricity. The property lies one block south of 10th Avenue North which provides easy access to Interstate-95 and US-1 to the west, and Federal Highway 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

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