805 S H St Lake Worth, FL 33460
13,068 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 13,068 sqft
Price per Sqft $290
Subdivision Lake Worth Town Of
MLS Listing ID A11979194
Style Fourplex
HOA Y/N No
Year Built 1970
Annual Tax Amount $52,165
Tax Year 2025
Property Sub-Type Quadruplex
Property Description
Exceptional opportunity to acquire four concrete block quadplexes located at 805, 809, 817, and 821 South H Street in Lake Worth.
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. 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
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.
The property is conveniently connected to major transportation corridors including Dixie Highway, 6th Avenue, and I-95.
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.
Location
State FL
County Palm Beach
Community Lake Worth Town Of
Area 5630
Interior
Heating Central
Cooling Central Air
Flooring Concrete, Ceramic Tile, Laminate
Exterior
Pool None
Utilities Available Cable Available
Roof Type Built-Up,Flat,Tar/Gravel
Total Parking Spaces 20
Private Pool No
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories One
Structure Type Block
Others
Tax ID 38434421152510030
Acceptable Financing Conventional
Listing Terms Conventional
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