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714 4th Ave N
Lake Worth Beach, FL 33460
4th Avenue Apartments · Multifamily Property For Sale
·
3 Units
Investment Highlights
- Located near Downtown Lake Worth Beach, the Intracoastal, and Lake Worth Beach Park
- 3-unit property with a diverse unit mix (2/2, 2/1, and 1/1)
- Strong rental demand in a walkable, supply-constrained coastal submarket
Executive Summary
Marcus & Millichap is pleased to present 4th Avenue Apartments, a three-unit multifamily property located at 714 4th Avenue N in Lake Worth Beach, Florida. Built in 1952, the property totals 2,354 gross square feet and is situated on a 0.08-acre lot. The building is of wood frame construction with a flat built-up roof. The unit mix consists of one two-bedroom/two-bathroom unit, one two-bedroom/one-bathroom unit, and one one-bedroom/one-bathroom unit, offering a flexible layout that appeals to a range of tenant types. The varied unit mix provides both larger floorplans and smaller, more affordable options within a compact footprint.
The property is located just north of Downtown Lake Worth Beach, providing convenient access to Lake Avenue’s dining, retail, and entertainment corridor, as well as the Intracoastal Waterway and Lake Worth Beach Park. Nearby employment drivers include JFK Medical Center, local municipal offices, and surrounding service-based employment throughout Palm Beach County.
4th Avenue Apartments offers investors the opportunity to acquire a low-density multifamily asset in a highly walkable and supply-constrained submarket, with strong rental demand driven by its proximity to downtown amenities, the waterfront, and major employment centers.
The property is located just north of Downtown Lake Worth Beach, providing convenient access to Lake Avenue’s dining, retail, and entertainment corridor, as well as the Intracoastal Waterway and Lake Worth Beach Park. Nearby employment drivers include JFK Medical Center, local municipal offices, and surrounding service-based employment throughout Palm Beach County.
4th Avenue Apartments offers investors the opportunity to acquire a low-density multifamily asset in a highly walkable and supply-constrained submarket, with strong rental demand driven by its proximity to downtown amenities, the waterfront, and major employment centers.
Property Facts
| Price Per Unit | $298,908 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.68% | Lot Size | 0.08 AC |
| Gross Rent Multiplier | 9.39 | Building Size | 2,354 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1952 |
| Zoning | SF-TF-14 | ||
| Price Per Unit | $298,908 CAD |
| Sale Type | Investment |
| Cap Rate | 6.68% |
| Gross Rent Multiplier | 9.39 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 2,354 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1952 |
| Zoning | SF-TF-14 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 582 |
| 2+1 | 1 | - | 826 |
| 2+2 | 1 | - | 946 |
Property Taxes
| Parcel Number | 38-43-44-21-15-114-0010 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $531,614 CAD |
Property Taxes
Parcel Number
38-43-44-21-15-114-0010
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$531,614 CAD
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