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13068
Quadruplex, Residential Income
RARE 16-UNIT MULTIFAMILY OPPORTUNITY – FOUR SOLID CBS QUADPLEXES IN A TENANT-MAGNET LOCATION 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.
This quadruplex home located at 805 S H St, Lake Worth FL 33460 is currently for sale and it is a new listing on Brickellsold listed today. This property is listed at $4M. It has N/A beds, N/A bathrooms, and is 13068 square feet. It was built in 1970. 805 S H St, Lake Worth FL 33460 is in Lake Worth county Palm Beach County.
