131 S FEDERAL Highway, Lake Worth Beach, FL 33460
- $1,500,000
- 3,112
- SqFt
- List Price
- $1,500,000
- Days on Market
- 10
- MLS#
- B26053891
- Year Built
- 1924
- Living Area
- 3,112
- Acres
- 0.31
- MLS Area Major
- 5610
Property Description
Federal Flats in Lake Worth Beach is a renovated 5-unit multifamily property featuring three studio apartments, one 1-bedroom/1-bathroom unit, and one spacious 3-bedroom/1-bathroom unit. The property is currently generating $9,150 in gross monthly rental income, with one studio vacant and additional income available upon lease-up. Conveniently located near downtown Lake Worth Beach, the Intracoastal Waterway, and the beach, Federal Flats offers immediate cash flow with further upside through stabilization and future rent growth.
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Additional Information
- Taxes
- $19,428
- Utilities
- Cable Available, Electricity Connected, Sewer Connected, Water Connected
- Heating
- Central
- Air Conditioning
- None
- Exterior Construction
- Frame
- Roof
- Metal
- Elementary School
- South Grade
- Middle School
- Lake Worth
- High School
- Lake Worth
Listing courtesy of Home Sold Realty LLC. Contact: