102 South K St, Lake Worth Beach, FL

102 South K St, Lake Worth Beach, FL

PROJECT DESCRIPTION: South K St is a four-unit multifamily building located in the heart of downtown Lake Worth Beach’s historic district. JEL Development acquired the property in May of 2018. The property underwent significant renovation before it was successfully repositioned. Once we achieved our targeted rents we marketed the property and received multiple offers at full asking price.

DEVELOPER: JEL Development

COMPLETION YEAR: 2018

STATUS: Completed & Sold

PROJECT METRICS: 

  • Completed in time? YES
  • ROI: 16%
  • Cash-on-cash return: 6%

INVESTMENT OPPORTUNITY?Contact us for more information. 

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