927 S Pine St Lake Worth, FL 33460
Memorial Park NeighborhoodEstimated payment $10,123/month
Highlights
- No HOA
- Ceramic Tile Flooring
- Central Heating and Cooling System
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.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $16,377
Year Built
- Built in 1974
Parking
- 12 Parking Spaces
Home Design
- Shingle Roof
Interior Spaces
- 5,724 Sq Ft Home
- 2-Story Property
Flooring
- Concrete
- Ceramic Tile
Additional Features
- Property is zoned SF-TF-14
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- Lakeview Heights Add 4 Subdivision
Listing and Financial Details
- Rent includes gardener, trash collection, water
- Assessor Parcel Number 38434428060010120
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,726 | $570,565 | -- | -- |
| 2024 | $15,726 | $531,299 | -- | -- |
| 2023 | $15,967 | $558,859 | $121,200 | $437,659 |
| 2022 | $14,702 | $499,025 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/20/2026 02/20/26 | For Sale | $1,700,000 | +111.2% | $297 / Sq Ft | |
| 06/14/2019 06/14/19 | Sold | $805,000 | -5.3% | $141 / Sq Ft | View Prior Sale |
| 05/15/2019 05/15/19 | Pending | -- | -- | -- | |
| 01/28/2019 01/28/19 | For Sale | $849,900 | -- | $148 / Sq Ft |
Source: MIAMI REALTORS® MLS
MLS Number: A11969195
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Ask me questions while you tour the home.