101 S C St

• Two Buildings, Three Units: A detached 3 bed, 2 bath home of about 1,430 SF sits alongside a separate two unit building with two 1 bed, 1 bath apartments of about 780 SF each. Every tenant gets their own space, which makes the property easy to lease and easy to live in.
• Private Pool: An in ground pool sits between the two buildings inside a fenced courtyard with deck space around it. Very few small multifamily properties in Lake Worth Beach have a pool. It sets this property apart in tenants’ eyes and gives them a reason to renew.
• Larger Floor Plans: Units average about 997 SF. Most one bedrooms in the surrounding blocks are in the 500 to 600 SF range. Bigger units draw longer term tenants and hold their rents better when the market softens.
• Easy Access: I-95 and US 1 are minutes away. The beach, the pier and Palm Beach Island are a short drive across the bridge.
• Stable Income From Day One: The property is fully occupied and producing $74,040 in gross annual income. A buyer gets cash flow at closing with no lease up and no repositioning required.
• Downtown Momentum: Downtown Lake Worth Beach is seeing its most significant investment in years. Projects include a planned museum and mixed use campus on Lake Avenue, a new city parking garage, and new market rate apartment construction. This property sits a short walk from all of it.
• Limited New Supply: Much of Lake Worth Beach is historically protected, which limits new construction and keeps demand on existing rental housing like this.
• Rare Product Type: A sub $1M three unit with a pool, oversized units and a downtown location doesn’t come up often here. It fits 1031 exchange buyers, first time investors and owner users alike.