Fantastic investment opportunity! A 5-unit multifamily property, fully rented, priced below market value, offering the new owner a 15% upside on rent. Located in a high-density neighborhood with strong rental demand. Each unit has bright, spacious rooms. Plenty of parking available. The property includes 2 units with 2 beds/1 bath, 2 units with 1 bed/1 bath, and 1 rented garage. Income: $84,300, Expenses: $31,700, Cap Rate: 5.40%, Net Revenue: $52,591.
Don’t miss this opportunity!
Listed by Eric Amsallem
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License #3185189
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Beachfront Realty Inc
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786-985-1374
Last updated March 19, 2025
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Source: MIAMIRE #A11734209
Listing Facts
TypeMulti-family
NeighborhoodSOSA
Days on Prevu220
Taxes$12,847/year
Size3,000 sqft
Price per sqft$333
Amenities
Pets Allowed
Air Conditioning
Parking
Location
Mortgage Calculator
Listing History
03/19/2025
Price Increased
$1,000,000
03/05/2025
Price Decreased
$940,000
02/19/2025
Price Decreased
$980,000
02/07/2025
Price Decreased
$1,000,008
01/31/2025
Listed by Beachfront Realty Inc
$1,050,000
Property Details for 605 S J St
Association
General
Number Of Units In Community: 4
Exterior
Construction
Roof: Other
Stories: 1
Stories Total: 1
Structure Type: Quadruplex, Fourplex
Year Built: 1921
Year Built Details: Resale
Architectural Style: Attached
Building Name: LAKE WORTH TOWN OF
Construction Materials: Concrete Block Construction
Measurements
Building Area Total: 3,416
Building Area Units: Square Feet
Lot Features: Less Than 1/4 Acre Lot
Lot Size Units: Square Feet
Financial
Residential Income
Operating Expense: $34,291.00
Taxes
Parcel Number: 38434421152070100
Tax Annual Amount: $12,847.00
Tax Year: 2024
Interior
Features
Flooring: Ceramic Floor
Measurements
Living Area: 3,000
Living Area Units: Square Feet
Other
Location
Subdivision Name: LAKE WORTH TOWN OF
Parking
Parking
Parking Total: 5
Utilities
Equipment
Cooling: Central Air
Has Cooling: Yes
Heating: Central
Has Heating: Yes
Sewer: Other
Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.