Modern Living Group
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$1,525,000ACTIVE

301 S M Street, Lake Worth Beach, FL 33460

beds0baths3,084sq ft$494/ sq ft
THE RESIDENCE

About this home

Well-maintained 5-unit multifamily property comprised of one 1-bedroom/1-bathroom unit and four 2-bedroom/1-bathroom units. The property generates $10,405 in gross monthly rental income, providing strong in-place cash flow with continued upside through future rental growth. Ideally situated just minutes from downtown Lake Worth Beach, the Intracoastal Waterway, and the beach, the asset offers investors a stable income-producing opportunity in one of Palm Beach County's most desirable rental markets.

THE DETAILS

Property details

List Price$1,525,000
Price / Unit$381,250
Units4
Cap Rate6.24%
Gross Income$151,066/yr
Net Operating Income$95,202
Inside Sq Ft3,084
Year Built1925
ConstructionFrame
FlooringWood
ZoningSF-R (city)
Property TypeQuadruplex
MLS #B26053634
StatusActive
Original List Price$1,525,000
GRM10.1
Tenant PaysCable TV, Electricity
Stories2
Show all details (6 more)
Lot Size0.23 acres
WaterfrontNo
Days on Market0
Annual Taxes$13,612
CityLake Worth Beach
Zip Code33460
LOCATION

Where you'll live

Jonathan Santiago
FEATURED AGENT
Jonathan Santiago
Luxury Specialist

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