RARE VALUE-ADD OPPORTUNITY IN DOWNTOWN LAKE WORTH!

This is the high-upside multifamily deal you’ve 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 Worth’s strongest rental corridors.

Property Highlights:

8 spacious 2BR/2BA apartments

Below-market rents = immediate value-add potential

Currently collecting $14,000/month with room to grow

Owner utilities under $600/month (includes washers & dryers)

Durable CBS construction with a 2017 gable roof (approx. 30-year service life) Updated plumbing and appliances

Tenants 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 rents

Major capital items already addressed

Efficient expense profile

Desirable 2BR/2BA unit mix

Quiet Corner lot with great access

True value-add without heavy lift

Stabilized 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.