logo
Properties
Explore our listings
Buy
Listings for sale
Rent
Listings for rent
Areas
Explore areas information
Buildings
Check buildings information
Neighborhoods
Check neighborhoods information
Contact
Tell us about your needs
Language
Change website language
English
Русский
Español
中文(简体)
Sign In
Sign in or register

Commercial Recently Sold
$3,400,000

BTC: 37.36263736

ETH: 1,114.75409836

Sold on: 2025-11-10
22 days
0 room(s)
Est. Estimated sales range: $0 - $0
$0

Overview

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

Florida • Lake Worth • 33460 • Commercial • Recently Sold

Facts and features

Type:
Commercial Sale
Parking:
On Street
Year Built:
1923
Lot:
8778 Square Feet
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data
All facts and features

  • Parking

    • On Street

    Lot

    • Lot: 8778 Square Feet

    Other Property Information

    • Parcel Number: 38434421150170291

    • Zoning: DT (city

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Income/MultiFamily

  • Other financial information

    • Annual tax amount: $71,142

  • Source details

    • MLS ID: A11857160

Similar Homes

No similar properties found in the area
Market Trends nearby
Lake Worth, FL
Wellington, FL
Boynton Beach, FL
Loxahatchee, FL
Lake Worth Beach, FL
Delray Beach, FL
Palm Beach, FL
Boca Raton, FL
West Palm Beach, FL
Palm Beach Gardens, FL
Belle Glade, FL
North Palm Beach, FL
Deerfield Beach, FL
Pompano Beach, FL
Coral Springs, FL
Jupiter, FL
Pahokee, FL
Fort Lauderdale, FL
South Bay, FL
Hobe Sound, FL
Canal Point, FL
Dania, FL
Indiantown, FL
Palm City, FL

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: CBRE, Inc.