Property Description

RARE VALUE-ADD OPPORTUNITY IN DOWNTOWN LAKE WORTH!This is the high-upside multifamily deal youve been waiting for. Located at 409 4th Ave North, this two-story CBS building sits on a prime corner lot just off Federal Highway and only two blocks from Lucerne Ave, placing it squarely in one of Lake Worths strongest rental corridors.Property Highlights:8 spacious 2BR/2BA apartmentsBelow-market rents = immediate value-add potentialCurrently collecting $14,000/month with room to growOwner utilities under $600/month (includes washers & dryers)Durable CBS construction with a 2017 gable roof (approx. 30-year service life) Updated plumbing and appliancesTenants love this walkable downtown pocket with easy access to major employment centers, schools, restaurants, bars, the beach, and the Town of Palm Beach. Strong fundamentals support both rent growth and long-term appreciation.Why This Deal Stands Out:Proven income with upside on rentsMajor capital items already addressedEfficient expense profileDesirable 2BR/2BA unit mixQuiet Corner lot with great accessTrue value-add without heavy liftStabilized today, scalable tomorrow. Opportunities to reposition an 8-unit this close to Lucerne Ave without major capital expenditure. These rare value-add assets in Downtown Lake Worth do not last.

Property Features