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Polina Wittmann

polina.wittmann@engelvoelkers.com +1(305) 497-6508

$ 1,000,000

Est. payment -/mo

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Active

605 S J St Lake Worth, FL 33460

3,000 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $333

Subdivision Lake Worth Town Of

MLS Listing ID A11734209

Style Fourplex

HOA Y/N Yes

Year Built 1921

Annual Tax Amount $12,847

Tax Year 2024

Property Sub-Type Quadruplex

Property Description

Fantastic investment opportunity! A 5-unit multifamily property, fully rented, priced below market value, offering the new owner a 15% upside on rent. Located in a high-density neighborhood with strong rental demand. Each unit has bright, spacious rooms. Plenty of parking available. The property includes 2 units with 2 beds/1 bath, 2 units with 1 bed/1 bath, and 1 rented garage. Income: $84,300, Expenses: $31,700, Cap Rate: 5.40%, Net Revenue: $52,591.
Don't miss this opportunity!

Location

State FL

County Palm Beach

Community Lake Worth Town Of

Area 4120

Interior

Heating Central

Cooling Central Air

Flooring Ceramic Tile

Exterior

Pool None

Utilities Available Cable Not Available

Roof Type Other

Total Parking Spaces 5

Private Pool No

Building

Lot Description < 1/4 Acre

Story 1

Sewer Other

Architectural Style Fourplex

Level or Stories One

Structure Type Block

Others

Tax ID 38434421152070100

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11734209

Miami Association of Realtors (SEFMIAMI MLS)

Listed by Beachfront Realty Inc

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 20

7

Academy for Positive Learning

Public | KG - 8
6

North Grade Elementary School

Public | KG - 5
6

South Olive Elementary School

Public | KG - 5
5

Freedom Shores Elementary School

Public | PK - 5
5

Starlight Cove Elementary School

Public | PK - 5
5

Jfk Medical Center Charter School

Public | KG - 5
4

Highland Elementary School

Public | PK - 5
3

Lantana Elementary School

Public | PK - 5
3

Palm Springs Elementary School

Public | KG - 5
3

Palm Beach Maritime Academy

Public | KG - 9
2

South Grade Elementary School

Public | PK - 5
1

Barton Elementary School

Public | PK - 5
0

Lake Worth Christian School

Private | PK - 12
0

Kentwood Preparatory School

Private | 1 - 12
0

Northern Private School

Private | PK - 2
0

Hope Learning Community of Riviera Beach

Public | KG - 5
0

Sacred Heart School

Private | PK - 8
0

Unity for Kids School

Private | KG - 12
0

St Luke School

Private | PK - 8
0

Atlantis Academy Palm Beaches

Private | KG - 12

Middle Schools 5

4

Lantana Middle School

Public | 6 - 8
1

Ed Venture Charter School

Public | 8 - 12
1

Lake Worth Middle School

Public | 6 - 8
0

South Area Secondary Intensive Transition Program

Public | 6 - 12
0

Exceptional Student Program Pre-K

Public | 6 - 12

High Schools 5

6

G-Star School of the Arts

Public | 9 - 12
4

Santaluces Community High School

Public | 9 - 12
2

Lake Worth High School

Public | 9 - 12
0

Dibacco School

Private | 9 - 12
0

Mavericks High School at Palm Springs

Public | 9 - 12

School and business data provided by Attom Data.

Polina Wittmann

Advisor | License ID: 3529662

+1(305) 497-6508

GET MORE INFORMATION