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1331 N Federal Highway , #1

Lake Worth Beach, FL 33460
  • $750,000
  • STATUS: Active
  • ON SITE: 19 Days
  • ID#: RX-11039916
Price Reduced
$750,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,990
    SQFT
  • $377
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1956
County:

School Ratings & Info

Description

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!

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www.evluxuryrealestate.com/homes/158235019
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1331 N Federal Highway , #1 Lake Worth Beach, FL 33460

  • Price: $750,000
  • Status: Active
  • On Site: 19 Days
  • ID#: RX-11039916
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1,990
SQFT
$377
$/SQFT
1956
Built
Neighborhood:
North Lake Worth
County:
Palm Beach
Area:
Lake Worth Beach
Property Description
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!
Exterior Features

Carport Spaces 1.00 Construction CBS Exterior Features Covered PatioFenceOpen PatioOpen Porch Lot Description < 1/4 AcreCorner LotPaved RoadPublic RoadSidewalksWest of US-1 Private Pool YN No Roof Tar/Gravel Storm Protection Impact Glass Complete Unit1 Parking Open ParkingSpace Parking Unit2 Parking Open ParkingSpace Parking View Garden Waterfront Description None Waterfront YN No

Interior Features

Cooling Central IndividualPaddle FansWall-Win A/C Flooring Ceramic TileTile Heating Central Individual Unit1 Bedrooms 3 Unit1 Desc A/C UnitDen/FamilyKitchenPatioRange - ElectricRefrigeratorSmoke DetectorSplit BedroomsWindow Cover Unit1 Full Baths 3 Unit1 Furnished Yes Unit1 Sq Ft 1000 Unit2 Bedrooms 2 Unit2 Desc A/C UnitDishwasherDryerKitchenLaundryRange - ElectricRefrigeratorSmoke DetectorStack BedroomsWasher Unit2 Full Baths 1 Unit2 Furnished Yes Unit2 Sq Ft 726 Window Treatments BlindsHurricane WindowsImpact Glass

Property Features

Annual Net Operating Income 113972.00 Annual Total Expenses 25264.00 Auction No Available Info None Built Desc Resale Gated Community No Gross Operating Income 139236.00 Hoa Fee Per Month 0.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association of the Palm Beaches (RAPB) Maintenance Fee Includes None Multifamily Type Duplex Possession At ClosingSubject to Lease REO No Restrictions Lease OK Separate Electric Meters No Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Owner Special Info Sold As-Is Sq Ft Total 2436.00 Subdivision Amenities Bike - JogPicnic AreaSidewalks Tax Amount 4558.49 Tax Year 2024 Taxes City/County Tenant Pays None Terms Considered CashConventionalVA Unit1 Monthly Income 0.00 Unit2 Monthly Income 0.00 Utilities ElectricPublic SewerPublic Water Zoning MU-FH(

Listing provided courtesy of Coastal Classic Realty: . Listing information © 2024 BeachesMLS
 
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Thomas Kane | TrustLarry Real Estate
3111 Bayview Drive
Fort Lauderdale FL, 33306