- MLS® #: A11968957
- 409 4th Ave N
- Lake Worth, FL 33460-3498
- $1,960,000
- 6,100 SqFt
- Income
RARE VALUE-ADD OPPORTUNITY IN DOWNTOWN LAKE WORTH! This is the high-upside multifamily deal you’ve been waiting for. Located at 409 4th Ave North, this two-story CBS building sits on a prime corner lot just off Federal Highway and only two blocks from Lucerne Ave, placing it squarely in one of Lake Worth’s strongest rental corridors. Property Highlights: 8 spacious 2BR/2BA apartments Below-market rents = immediate value-add potential Currently collecting $14,000/month with room to grow Owner utilities under $600/month (includes washers & dryers) Durable CBS construction with a 2017 gable roof (approx. 30-year service life) Updated plumbing and appliances Tenants love this walkable downtown pocket with easy access to major employment centers, schools, restaurants, bars, the beach, and the Town of Palm Beach. Strong fundamentals support both rent growth and long-term appreciation. Why This Deal Stands Out: Proven income with upside on rents Major capital items already addressed Efficient expense profile Desirable 2BR/2BA unit mix Quiet Corner lot with great access True value-add without heavy lift Stabilized today, scalable tomorrow. Opportunities to reposition an 8-unit this close to Lucerne Ave without major capital expenditure. These rare value-add assets in Downtown Lake Worth do not last.
View Virtual TourEssential Information
- MLS® #A11968957
- Price$1,960,000
- CAD Dollar$2,682,221
- UK Pound£1,472,409
- Euro€1,704,784
- Bathrooms0.00
- Square Footage6,100
- Year Built1968
- TypeIncome
- Sub-TypeQuadruplex
- StyleFourplex
- StatusActive
Community Information
- Address409 4th Ave N
- Area5630
- SubdivisionLAKE WORTH TOWN OF
- CityLake Worth
- CountyPalm Beach
- StateFL
- Zip Code33460-3498
Amenities
- UtilitiesCable Available
- Parking Spaces8
Interior
- InteriorCeramic Tile, Laminate
- HeatingCentral
- CoolingCentral Air
- # of Stories2
- StoriesTwo
Exterior
- RoofShingle
- ConstructionBlock
- Office: Bawons Properties, Inc
Property Location
409 4th Ave N on www.jupiteroceanfronthomes.us
Offered at the current list price of $1,960,000, this home for sale at 409 4th Ave N features bedrooms and 0 bathrooms. This real estate listing is located in LAKE WORTH TOWN OF of Lake Worth, FL 33460-3498 and is approximately 6,100 square feet. 409 4th Ave N is listed under the MLS ID of A11968957 and has been on the Lake Worth real estate market for 26 days.Similar Listings to 409 4th Ave N
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