1001 S FEDERAL Highway, Lake Worth Beach, FL Not Provided
- $1,940,000
- List Price
- $1,940,000
- Days on Market
- 63
- MLS#
- B26053945
- Year Built
- 1958
- Acres
- 0.31
- MLS Area Major
- 5610
Property Description
Well-positioned 8-unit multifamily property featuring six 1-bedroom/1-bathroom units, one studio, and one efficiency apartment. The property is currently generating $13,928 in gross monthly rental income with one unit vacant, while offering a projected pro forma gross monthly income of $16,950 upon stabilization. Ideally located along South Federal Highway just minutes from downtown Lake Worth Beach, the Intracoastal Waterway, and the beach, this asset presents investors with immediate cash flow and significant upside through lease-up and continued rental growth in one of Palm Beach County's strongest rental markets.
/u.realgeeks.media/starplatinumrealty/9d4386453939-SPR_FullLogo_Color2.png)
Additional Information
- Taxes
- $24,018
- Utilities
- Electricity Connected, Sewer Connected, Water Connected
- Heating
- Other
- Air Conditioning
- Other
- Exterior Construction
- Block
- Roof
- Tile
Listing courtesy of Home Sold Realty LLC. Contact: