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.
6,100 Sq Ft
investment
$2,498 Monthly Tax
Built in 1968
MLS/Listing ID A11968957
LAKE WORTH TOWN OF
2 Stories
Public Sewer
Shingle
Construction - CBS
Ceramic Tile
Cooling - Central Air
Style - Detached