927 S Pine St, Lake Worth FL 33460

927 Pine St, Lake Worth, FL, 33460
$1,700,000

Basics

Date added Added 2 weeks ago Category Type Status
Area, sq ft 5724 sq ft Lot size, sq ft 0 sq ft Year built 1974 SubdivisionName LAKEVIEW HEIGHTS ADD 4
ListOfficeName BAWONS Properties, Inc ListAOR Miami Association of REALTORS® RentIncludes Gardener, Trash Collection, Water MLS ID A11969195

Description

  • Description:

    AGGRESSIVE VALUE-ADD PLAY – 8-UNIT CASH FLOW MACHINE IN LAKE WORTH!

    Attention value hunters — 927 South Pine Street delivers the kind of durable construction, strong in-place income, and rent-growth upside that’s getting harder to find in today’s market.

    This two-story concrete block (CBS) apartment building features a brand-new roof and a highly desirable unit mix, positioning the next owner for both immediate returns and future rent expansion.

    Property Snapshot:

    8 market rate apartments individually metered for water & electric

    Four 1BR/1BA units averaging $1,600/month

    Four 4:2BR/1BA units averaging $1,800/month

    collecting Over $13,000 monthly

    Tenants pay ALL utilities

    Solid concrete block construction

    Brand new roof = reduced near-term capex

    Recent capital improvements keep operating costs low

    Why this Location Performs:
    Situated in a quiet, stable neighborhood with excellent access to major job centers, schools, parks, the beach, and I-95, supporting consistent tenant demand.

    Why This Deal Hits:

    Strong in-place cash flow

    Minimal operating expenses

    Major capital item already completed

    Clear value-add opportunity with upside on rents

    Ideal for a hands-on investor ready to push performance

    Stabilized income today — meaningful upside tomorrow.
    Assets with this combination of utilities paid by tenants + new roof + CBS construction are getting scooped up

    If you know how to create value, this is your next win.

Location

  • CountyOrParish: Palm Beach County

Building Details

  • Cooling features: Central Air
  • ArchitecturalStyle: Detached
  • ParkingTotal: 12
  • NewConstructionYN: No
  • Building Name: LAKEVIEW HEIGHTS ADD 4
  • Heating: Central
  • Exterior material:
  • Roof:

Amenities & Features

  • Waterfront available: No
  • GarageYN: No
  • AttachedGarageYN: No
  • CoolingYN: Yes
  • PoolPrivateYN: No
  • FireplaceYN: No

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This style property is located in Lake Worth is currently and has been listed on Igor Presman Commercial Real Estate. This property is listed at $1,700,000. It has bedrooms, bathrooms, and is 5724 sq ft. The property was built in 1974 year.

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