About N/A
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.
Features of N/A
| MLS® # | A11857160 |
|---|---|
| USD | $3,400,000 |
| CAD | $4,703,696 |
| CNY | 元22,817,400 |
| EUR | €2,927,250 |
| GBP | £2,513,583 |
| RUB | ₽292,402,720 |
| Last Listing Price | $3,500,000 |
| Acres | 0.20 |
| Year Built | 1923 |
| Type | Residential |
| Sub-Type | Multi Family |
| Status | Closed |
| HOPA | No Hopa |
Community Information
| Address | N/A |
|---|---|
| City | Lake Worth |
| State | FL |
| Zip Code | 33460 |
Amenities
| Parking | On Street |
|---|
Additional Information
| Date Closed | November 10th, 2025 |
|---|---|
| Date Listed | August 12th, 2025 |
| Days on Market | 391 |
| Zoning | DT (city |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | CBRE, Inc. |
|---|