501 N K St

TURNKEY CASH FLOW IN THE HEART OF DOWNTOWN LAKE WORTH! Investor-ready and fully renovated, this high-performing multi-unit compound delivers immediate income and long-term upside in one of Lake Worth’s most tenant-friendly locations. Situated on a prime corner lot just a couple blocks from downtown, this property combines strong in-place rents with low operating costs — exactly what today’s investors are chasing. Property Breakdown: Two-story triplex: Ground floor: 1 spacious 3BR/2BA apartment Second floor: Two 2BR/1BA apartments Detached 2BR/1BA apartment home on the same parcel Fully renovated throughout — minimal deferred maintenance Reliable gross income of $7,950/month Owner utilities under $400/month — strong expense control Positioned within walking distance to Lake Worth’s most popular bars, restaurants, and entertainment venues, this property benefits from consistent rental demand. Easy access to major job centers, schools, the beach, and the Town of Palm Beach makes it even more attractive to tenants. Why Investors Love This Asset: Immediate, proven cash flow Renovated units = reduced capex risk Desirable unit mix Corner lot with strong rental appeal Low operating expenses relative to income Prime walkable downtown location Turnkey. Stabilized. Cash flowing. Renovated Properties with proven track record like this in Downtown Lake Worth are rare.