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$3,400,000

  • Sold
  • Closed
  • Apartment
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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.

Full Property Details for MLS# A11857160

General

  • Sold For: $3,400,000
  • Taxes: $71,142
  • Status: Closed
  • Type: Apartment
  • Source: Greater_Miami
  • MLS ID: A11857160
  • Added to Site: 157 day(s) ago

Business

  • Business Type: Apartments, Residential-Multi-Family

Parking

  • Parking Features: On Street

Location

  • County: Palm Beach County

Community

  • Units Assoc/Comm: 25

Structural Information

  • # Buildings: 1
  • Detached/Attached: Detached
  • Stories/Levels: 3
  • Building Size: 12750
  • Year Built: 1923

Unit Information

  • Units in Complex: 25

Lot Features

  • Lot Size (Sq. Ft.): 8,778
  • Potential Use: Investment
  • Zoning: DT (city

Financial Considerations

  • Tax Amount: $71,142
  • Terms: All Cash, Assumable, Conventional/Refinance

Disclosures and Reports

  • Special Conditions: Sale
  • Legal Description: TOWN OF LAKE WORTH S 15 FT OF LT 29 & LTS 30 & 31 BLK 17
  • Property ID: 38434421150170291

Listed and Sold by CBRE, Inc.

Listing agent

— MLS# A11857160 —

  • CBRE, Inc.

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NMLS#: 1598647

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Price & Sales History for MLS# A11857160

Date
Details
Price
Change
Source
11/10/2025
Sold
$3,400,000
-2.86%
MLS
8/12/2025
Listed
$3,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by CBRE, Inc.

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MLS# A11857160, Lake Worth, FL 33460 (MLS# A11857160) is a Apartment property that was sold at $3,400,000 on November 10, 2025. Want to learn more about MLS# A11857160? Do you have questions about finding other Apartment real estate for sale in Lake Worth? You can browse all Lake Worth real estate or contact a Coldwell Banker agent to request more information.