60-Unit Multifamily Apartment Complex for Sale in Palm Beach County, FL

This offering presents a prime opportunity to acquire a 60-unit, garden-style, low-rise multifamily apartment complex located in Lake Worth, a growing submarket of Palm Beach County, Florida. Built in 1985 with masonry construction, the property features 57,120 net rentable square feet spread across 30 duplex buildings, with each of the 60 two-bedroom, one-bathroom units including a bonus room. The complex boasts high occupancy and a steady income stream, with current rents positioned below market, offering substantial immediate potential for income enhancement through strategic renovations. Investors can pursue multiple exit strategies, including holding the property as a long-term rental community or capitalizing on its individual parceling for future condo conversion or individual unit sales. The location benefits from stable demand, limited multifamily supply, low vacancy rates, and trending upward land values. This is a well-established asset with strong rental demand and a long-term tenant base, ideal for an investor seeking a stabilized cash-flowing property with significant upside.