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PinnacleTCRE

602 N H Street 1a, Lake Worth Beach, FL 33460 (MLS# R11156017)

602 N H Street 1a, Lake Worth Beach, FL 33460

$1,200,000
Property Type: Commercial Sale Square Footage: 620 Status: Active
Current Price: $1,200,000 List Date: 1/20/2026 Last Modified: 4/24/2026

Overview

Description

Highlights • Individual deeds & meters • Mixed-use zoning (MU-DIXIE) • Strong rental demand area • Value-add through stabilization • Condo structure allows future unit-by-unit resale

Supplements: Unit Mix & Size Unit Beds/Baths Square Feet 1A 1 / 1 620 2A 1 / 1 620 3A 1 / 1 620 5B 2 / 1 796 7B 1 / 1 620 8B 1 / 1 620 " Solid in-place income with upside through stabilization and rent optimization " Approx. 7.09% cap rate at asking price

Listing Details MLS# R11156017

General Property Information

Property Sub Type
Multi Family
Number Of Units Total
6
Building Area Main
620
Building Area Source
Public Records
Year Built
1971
Stories
2
Lot Size Area
0

Property Features

Building Features: Laundry Facilities Documents Available: Copy Of Lease(s); Financial Statement Electric: Three Phase Flooring: Ceramic Tile Heating: Window/Wall Possession: Close Of Escrow Sale Includes: Building; Land Source Of Expenses: Other Tenant Pays: Cable TV; Electricity Construction Materials: Concrete Listing Terms: Cash Roof: Composition Security Features: Smoke Detector(s) Sewer: Public Sewer Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent; Occupied; Text Listing Agent

Contract Information

Comp Sale YN
No
Original List Price
1200000
Negotiable Seller Concessions YN
No

Location and Legal

Country
United States
County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
602
Street Direction Prefix
N
Street Name
H
Street Suffix
Street
Unit Number
1a
City Name
Lake Worth Beach
State Or Province
FL
Postal Code
33460
Area
5620
Geographic Area
PB16
Parcel Number
38434421210000010
Multiple Offers Accepted
Yes
Zoning
MF-20(
Directions
10TH Avenue N east from I95 to Dixie Highway. South to 6th Avenue N. East to building on the right.
Property Description
Multifamily Resident

Financial Information

Association Fee
17
Association Fee Frequency
Annually
Tax Annual Amount
13200
Tax Year
2025
Tax Legal Description
TOWNSITE APTS SIX COND APT 1-A,2A,3A,5B,7B,8B

Remarks and Miscellaneous

Public Historical Remarks
Building Type: Y

More Information

Status Change Information

Major Change Timestamp
2026-01-20T17:09:13Z
Major Change Type
New Listing
Status Change Date
2026-01-20

Building and Property Details

# Of Toilets
6
% Air Conditioned
6
Maximum Ceiling Height
0

Distance To Information

Miles to Beach
2
Miles to Expressway
3

Income and Expenses

Gross Scheduled Income
123600
Insurance Expense
790
Maintenance Expense
3600
Net Operating Income
89189.14
Operating Expense
34410
Other Expense
1000
Professional Management Expense
4800
Real Estate Taxes
17000
Total Expenses
34410
Utilities Expense
9400
Other Income
0

Description of Unit Type 1

Unit Type
1 Bedroom
Units Total
Yes
Full Baths
Yes
Annual Rent
1650

Description of Unit Type 2

Unit Type
1 Bedroom
Units Total
2
Full Baths
Yes
Annual Rent
1600

Description of Unit Type 3

Unit Type
1 Bedroom
Units Total
3
Full Baths
Yes
Annual Rent
1600

Description of Unit Type 4

Unit Type
1 Bedroom
Units Total
5
Full Baths
Yes
Annual Rent
1850

Description of Unit Type 5

Unit Type
2 Bedroom
Units Total
7
Full Baths
Yes
Annual Rent
1607

Description of Unit Type 6

Unit Type
1 Bedroom
Units Total
8
Full Baths
Yes
Annual Rent
1650

Price Calculations

Current Price To SqFt
1935.48

Originating Details

Originating System Key
20260120161932830308000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Electric

Three Phase
Yes

Flooring

Ceramic Tile
Yes

Documents Available

Copy Of Lease(s)
Yes
Financial Statement
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes

Possession

Close Of Escrow
Yes

Sewer

Public Sewer
Yes

Building Features

Laundry Facilities
Yes

Heating

Window/Wall
Yes

Sale Includes

Building
Yes
Land
Yes

Construction Materials

Concrete
Yes

Listing Terms

Cash
Yes

Roof

Composition
Yes

Security Features

Smoke Detector(s)
Yes

Water Source

Public
Yes

Source Of Expenses

Other
Yes

Cooling

Electric
Yes

Showing Requirements

Appointment Only
Yes
Call Listing Agent
Yes
Occupied
Yes
Text Listing Agent
Yes
IDX
Listing Office: Atlantic Florida Properties Inc
Last Updated: April - 24 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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