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506 S M St
Lake Worth Beach, FL 33460 Downtown Jewel

$1,429,774 USD

Apartments For Sale • 1,980 SF

Property Details

Property Type Apartments
Total Building Size 1,980 SF
Lot Size 0.14 AC
Building Class C
Year Built 1925
Cap Rate 8.45 %
Zoning SFR

0 Transit Score

77 Walk Score

                
                    Highlights
                
                                This two story  building, is located on the quiet M. Street, located in Lake Worth Beach.
                            
                                The property consists of four apartments, apartment 1 is a one bedroom and 1 bath unit.
                            
                                Apartment 2 is a two bedroom 1 bath unit.
                            
                                Apartment 3 & 4 are studio apartments with 1 bath each.

Financial Summary (Actual)

Net Operating Income: $120,789 USD (2023)

Cap Rate:	8.45 %
Total Expenses:	$34,554 USD

Amenities

Kitchen
Refrigerator
Oven
Range
Tub/Shower

Public Transportation

Commuter Rail	Drive	Walk	Distance
Lake Worth (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	5 min	-	1.9 mi
Boynton Beach (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	11 min	-	5.6 mi
Airport	Drive	Walk	Distance
Palm Beach International	14 min	-	8.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	Surface
Included in Rent:	Yes

David Joseph 561-789-7726 The Keyes Company

506 S M St Lake Worth Beach, FL 33460 Downtown Jewel