Lake Worth, Florida 33460
MLS#: A11857160
$3,500,000 USD
Listed By CBRE, Inc.
The Commercial Property for Sale located at Lake Worth, Florida 33460 is currently for sale. Lake Worth, Florida 33460 is listed for $3,500,000. If the property located at Lake Worth, Florida 33460 isn't what you're looking for, visit https://www.miamimasterpiece.com to see other Commercial Properties for Sale in Lake Worth .
Date Updated : Aug 13, 2025
Property features
Construction details
- Year built: 1923
Description
Lake Lofts is a 3-story concrete block boutique apartment building with 25 units only footsteps from Lake & Lucerne Avenues in Lake Worth Beach. The property features an attractive unit mix including one studio, 21 1BR/1BA, two 2BR/1BA and an attached house 3BR/1.5BA with a den.
Lake Lofts is offered with a very attractive assumable loan featuring a 2.87% interest rate locked until June 2027. The current outstanding balance is approximately $1,850,000 and the loan has a maturity date of May 2042.
The property has been historically operating near 100% occupancies with effective rents of $1,626/unit. Rents include electric, water and gas. Current market rents average $1,682/month allowing to raise rents by ~$17k/yr. A new owner can implement a value-add program for an additional $90k/yr.
Location
Immobel® copyright 2025 . All rights reserved. 
All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise "any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination." We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.