927 S Pine St, Lake Worth, FL 33460
Local realty services provided by:Better Homes and Gardens Real Estate Destinations
Listed by: wendy pierre
Office: bawons properties, inc305-509-8336
MLS#:A11969195
Source:SEFMLS
Price summary
- Price:$1,700,000
- Price per sq. ft.:$297
About this home
AGGRESSIVE VALUE-ADD PLAY – 8-UNIT CASH FLOW MACHINE IN LAKE WORTH!
Attention value hunters — 927 South Pine Street delivers the kind of durable construction, strong in-place income, and rent-growth upside that’s getting harder to find in today’s market.
This two-story concrete block (CBS) apartment building features a brand-new roof and a highly desirable unit mix, positioning the next owner for both immediate returns and future rent expansion.
Property Snapshot:
8 market rate apartments individually metered for water & electric
Four 1BR/1BA units averaging $1,600/month
Four 4:2BR/1BA units averaging $1,800/month
collecting Over $13,000 monthly
Tenants pay ALL utilities
Solid concrete block construction
Brand new roof = reduced near-term capex
Recent capital improvements keep operating costs low
Why this Location Performs:
Situated in a quiet, stable neighborhood with excellent access to major job centers, schools, parks, the beach, and I-95, supporting consistent tenant demand.
Why This Deal Hits:
Strong in-place cash flow
Minimal operating expenses
Major capital item already completed
Clear value-add opportunity with upside on rents
Ideal for a hands-on investor ready to push performance
Stabilized income today — meaningful upside tomorrow.
Assets with this combination of utilities paid by tenants + new roof + CBS construction are getting scooped up
If you know how to create value, this is your next win....
Contact an agent
Home facts
- Year built:1974
- Listing ID #:A11969195
- Updated:April 11, 2026 at 09:57 AM
Rooms and interior
- Flooring:Ceramic Tile, Concrete
- Living area:5,724 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1974
- Building area:5,724 sq. ft.
- Lot Features:< 1/4 Acre
- Architectural Style:Fourplex
- Construction Materials:Block
- Levels:2 Story
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,700,000
- Price per sq. ft.:$297
- Tax amount:$16,377 (2025)
Parking
- Total parking spaces:12
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