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1008 18th Ave N
Lake Worth Beach, FL 33460 Eden Place

$925,000 USD

Apartments For Sale • 2,484 SF

Property Details

Property Type Apartments
Total Building Size 2,484 SF
Lot Size 0.14 AC
Building Class C
Year Built 1970
Cap Rate 7.04 %
Zoning SF-TF-14

0 Transit Score

70 Walk Score

                
                    Highlights
                
                                Fully Occupied 4-Unit Multifamily – 100% leased property providing immediate and stable cash flow
                            
                                Strong In-Place Income – Approximately $82,200 in current annual gross income
                            
                                Value-Add & Upside Potential – Opportunity to increase rents and enhance long-term returns
                            
                                Prime Lake Worth Beach Location – Minutes from downtown Lake Worth Beach and nearby beaches
                            
                                Flexible Zoning & Land Use – Zoned SF-TF-14 on a 6,250 SF lot, allowing versatile residential use
                            
                                Excellent Accessibility – Approximately 3 minutes to I-95 and 10–16 minutes to Palm Beach International Airport

Financial Summary (Proforma)

Net Operating Income: $65,150 USD (2026)

Cap Rate:	7.04 %
Total Expenses:	$23,650 USD

Amenities

24 Hour Access
Air Conditioning
Dishwasher
Heating
Wheelchair Accessible
Smoke Free
Ceiling Fans
Dining Room
Walk-Up
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Lake Worth (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	7 min	-	2.5 mi
	13 min	-	5.3 mi
Airport	Drive	Walk	Distance
Palm Beach International	14 min	-	6.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	Surface
Included in Rent:	Yes

Elior Levi 954-743-7594 Fausto Commercial Realty Consultants

1008 18th Ave N Lake Worth Beach, FL 33460 Eden Place