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.