4th Avenue Villas 409 4th Ave N Immeuble residentiel 8 lots 1 622 437 € (202 805 €/Lot) Taux de capitalisation 7,03 % Lake Worth, FL 33460

UPDATED RENT ROLL
Nestled in Lake Worth Beach just North of Downtown, these 8 units located at 409 4th Ave Noffer a prime investment opportunity in one of the nation’s historically most stable, most downturn-resistant, most consistently high-demand rental markets – Palm Beach County.
Known for its temperate climate and relatively low cost of living when compared to other comparable locales, South Florida offers renters all of the benefits of living by the Atlantic Coast at an affordable rental rate. This built-in value proposition historically attracts renters from all parts of the country and state, feeding a healthy tenant base that sustains core rentals such as these with ease.
This wide appeal continues to make South Florida one of the most viable markets in the country in which to invest in rentals. In the City of Lake Worth Beach, residential rentals North of Downtown, close to the intracoastal waterway (see aerial) continue to be the most popular form of rental unit in the area. This locale in particular enjoys an eminently walkable, bike-able nature that is both desirable to renters and relatively rare in this area.
409 4th Ave N features 2 bedroom 1 bath units with spacious, 760sf floorplans (historically very easy to rent in this market), a sloped gable roof with majority useful life left, full concrete block construction, and off-street parking for each unit, making it ideally positioned.
Upside and value-add opportunities exist throughout this asset. Interiors are well maintained and recently renovated, however management practices, paired with minor improvements throughout would yield significant upside and growth in future cash flows.