, Lake Worth, FL 33460

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Income/MultiFamily

, Lake Worth, FL 33460Closed - 11/10/2025

$3,400,000 Built: 1923

N/A N/A N/A

Type of PropertyIncome/MultiFamily

Style of PropertyApartments,Residential-Multi-Family

Property Ft²12,750

Living Ft²

Price per Ft²N/A

PetsN/A

WaterfrontN/A

PoolN/A

FurnitureN/A

Property description of Income/MultiFamily

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.

Exterior Features

No information about Exterior Features.

Interior Features

No information about Interior Features.

Amenities

No information about Amenities.

Equipment/Appliances

No information about Equipment/Appliances.

Property Features

Name

MLSA11857160

ForeclosureN/A

Short SaleN/A

ParkingOn Street

Parking Restrictions

Parking Spaces

Lot Ft²8,778

Approx. Lot Size

Boat Dock

Last Update195 days

Pet Restrictions

Floor Number

Cooling Description

Heating Description

View

Construction

Flooring Type

Maintenance Fees

Taxes$71,142

Property contact form

Gladys Martinez PA305-321-7889gmrealtor7@gmail.com

MLS Data Source: Miami Association of REALTORS. Copyright SEFMLS © 2026
Listing is a courtesy of CBRE, Inc.. Office (mike.diblasi@cbre.com, 954-462-5655). Agent (perry.synanidis@cbre.com, 352-278-7572).
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law.

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Name	Address	Type	# of Students	Grades	Distance
Academy For Positive Learning	2405 MERCER AVE	public	98	KG - 8	0.43 mi
Sacred Heart School	410 N M ST	private	212	PK - 8	0.46 mi
South Grade Elementary School	716 S K ST	public	619	PK - 5	0.54 mi
Lake Worth High School	1701 LAKE WORTH RD	public	2683	9 - 12	0.57 mi
Highland Elementary School	500 HIGHLAND AVE	public	937	PK - 5	0.76 mi
North Grade K-8	824 N K ST	public	735	KG - 8	0.77 mi
South Area Secondary Intensive Transition Program	1300 S.W. 3OTH AVENUE	public	85	6 - 12	1.44 mi
Barton Elementary School	1700 BARTON RD	public	1064	PK - 5	1.45 mi
Lake Worth Community Middle	1300 BARNETT DR	public	1249	6 - 8	1.52 mi
Palm Beach School For Autism	8480 LANTANA RD	public	387	PK - 12	1.8 mi
Northern Private School	1822 HIGH RIDGE RD	private	30	PK - 2	2.02 mi
Lantana Elementary School	710 W OCEAN AVE	public	484	PK - 5	2.14 mi
Palm Beach Maritime Academy Elementary	1518 W LANTANA RD	public	596	KG - 5	2.15 mi
Palm Beach Preparatory Charter Academy	3525 S CONGRESS AVE	public	550	9 - 12	2.15 mi
Palm Beach Maritime Academy Secondary	600 S EAST COAST AVE	public	530	6 - 12	2.39 mi
Lantana Middle School	1225 W DREW ST	public	801	6 - 8	2.39 mi
Somerset Academy Jfk Charter School	4696 DAVIS RD	public	510	KG - 8	2.51 mi
South Olive Elementary School	7101 S OLIVE AVE	public	485	PK - 5	2.61 mi
High Reach Learning Center Dba Small World	2260 S CONGRESS AVE	private	10	PK	2.75 mi
Palm Springs Elementary School	101 DAVIS RD	public	1010	PK - 5	2.76 mi
G-star School Of The Arts	2065 PRAIRIE RD BLDG J	public	754	9 - 12	2.79 mi
Atlantis Academy Palm Beaches	1950 PRAIRIE RD	private	178	PK - 12	2.79 mi
Forest Hill Community High School	6901 PARKER AVE	public	2407	9 - 12	2.79 mi

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Gladys Martinez - Real Estate Sales AssociateCompass Florida, LLC. NAR Realtor

Gladys Martinez is a real estate agent affiliated with Compass Florida, LLC.. Compass Florida, LLC. is a licensed real estate broker and abides by equal housing opportunity laws. All material presented herein is intended for informational purposes only. information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. no statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.