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131 S FEDERAL Highway, Lake Worth Beach, FL 33460

$1,425,000
: 3,112
SqFt

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List Price: $1,425,000
Price Change: ▼ $75,000 1790299548
MLS#: B26053891
Status: ACTIVE
County: Palm Beach
City: Lake Worth Beach
Subdivision: Lake Worth Town Of
Living Area: 3,112

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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

Days on Market: 81
Year Built: 1924
Cooling: None
Heating: Central
Exterior Features: None
Roof: Metal
Elementary School: South Grade
Middle School: Lake Worth Community Middle
High School: Lake Worth