Active

1331 N Federal Highway 1

Lake Worth Beach FL, 33460

$750,000


$376.88 per sqft

Active

1,990 sqft

Multi-family

Built in 1956

Welcome to Lake Worth Beach! This exceptional investment property with an excellent cap rate is ready for it new owners! This is for anyone looking to capitalize on its prime location and turnkey setup. The property includes a 3-bed/3-bath unit and a 2-bed/1-bath unit, along with a 264 sq ft under-air storage room w/ carport. Zoned commercial multifamily (>10 units). The property has a newer roof, brand-new impact windows/doors, and fully upgraded kitchens & baths. Designated parking spaces, and separate entrances, offering convenience and privacy for guests. Situated on a corner lot, this low-maintenance property is just 1 mile to the beach and steps from downtown nightlife, restaurants, and bars. FULLY FURNISHED and beautifully decorated, the property is ready for immediate rentals!

R11039916

MLS ID

November 24, 2024

Listed

December 6, 2024

Updated

Map

1331 N Federal Highway 1
Lake Worth Beach FL, 33460

Interior Features

Total Stories

1


Floor Description

Ceramic Tile, Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Ceiling Fan(s), Wall/Window Unit(s)


Heating

Yes


Heating Description

Central, Electric

Exterior/Building Features

Lot Size

0.11 Acres


Exterior Features

Fence, Porch, Patio


Lot Features

Corner Lot, 1/4 Acre


Roof

Tar/Gravel


Sewer

Public Sewer

Other Property Details

Area Name

5620


Taxes

$4,558


Tax Frequency

Annually


Days on Market

12


Association Fee Frequency

Monthly


Garage

No


View

Yes


View Description

Garden


County

Palm Beach


Water Source

Public


Pool

No


Pool Features

None

Listing History

Date

Event

Price

12/6/2024

Price change

$750,000

-7%

Listed by: Coastal Classic Realty
Listing Contact:  

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Data last updated 10:11 PM UTC, 12/6/2024

 

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