805 S H St

Description

THIS OFFERING IS PART OF A 32-UniT Apartment Portfolio comprising of 927 S Pine St, 714 South F, and 805-809-817-821 South HRARE 16-UNIT MULTIFAMILY OPPORTUNITY ? FOUR SOLID CBS QUADPLEXES IN A TENANT-MAGNET LOCATIONExceptional 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... Read more new roofsNew central A/C systemsIndividually metered utilities allowing tenants to pay for water and electricCurrent 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.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 propertys financial performance.