Lake Worth Multifamily for Sale - Palm Springs/Lake Worth
RARE 16-UNIT MULTIFAMILY OPPORTUNITY – FOUR SOLID CBS QUADPLEXES IN A TENANT-MAGNET LOCATION!
Exceptional opportunity to acquire four clustered concrete block quadplexes located at 805, 809, 817, and 821 South H Street in Lake Worth. This rare 16-unit multifamily portfolio delivers durable construction, major recent capital improvements, and significant upside in a high-demand rental corridor
PROPERTY OVERVIEW
This investment consists of 16 large 2-bedroom / 1-bath apartments, each offering over 815 square feet of living space, a highly desirable layout that consistently attracts long-term tenants. The buildings feature solid CBS construction, providing long-term durability and reduced maintenance costs compared to wood-frame properties.
MAJOR CAPITAL IMPROVEMENTS ALREADY COMPLETED
Ownership has already addressed several major expense items, dramatically reducing near-term capital risk:
Brand new roofs
New central A/C systems
Individually metered utilities allowing tenants to pay for water and electric
These improvements create exceptionally low operating risk and reduced future capex, making the property highly attractive for investors focused on stable performance.
STRONG VALUE-ADD UPSIDE
Current rents average approximately $1,900 per unit, presenting a clear path to market rents of around $2,100 with minimal additional investment. The large unit sizes, desirable layout, and strong location make achieving market rents highly attainable for a capable operator.
PRIME TENANT-MAGNET LOCATION
Situated in a highly desirable Lake Worth neighborhood, tenants benefit from excellent access to employment centers, schools, parks, hospitals, and beaches. The property is conveniently connected to major transportation corridors including Dixie Highway, 6th Avenue, and I-95, making commuting throughout Palm Beach County fast and convenient.
WHY THIS DEAL STANDS OUT
Opportunities to acquire 16 well-located CBS units with major improvements already completed are increasingly rare in Lake Worth. With low operating expenses, limited capital requirements, and clear rental upside, this portfolio presents a compelling opportunity for an astute investor to unlock significant value while strengthening the property's financial performance.
Multifamily assets of this size, construction quality, and upside potential rarely come to market—act quickly.
