6,100 SqFt
6,100 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 6,100 sqft
Price per Sqft $321
Subdivision Lake Worth Town Of
MLS Listing ID A11968957
Style Fourplex
HOA Y/N No
Year Built 1968
Annual Tax Amount $29,978
Tax Year 2025
Property Sub-Type Quadruplex
Property Description
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.
Location
State FL
County Palm Beach
Community Lake Worth Town Of
Area 5630
Interior
Heating Central
Cooling Central Air
Flooring Ceramic Tile, Laminate
Exterior
Pool None
Utilities Available Cable Available
Roof Type Shingle
Total Parking Spaces 8
Private Pool No
Building
Lot Description Item14Acre
Story 2
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories Two
Structure Type Block
Others
Tax ID 38434421150940080
Acceptable Financing Conventional
Listing Terms Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11968957
Nearby Locations
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