1001 S FEDERAL Highway, FL 33460

Description of 1001 S FEDERAL Highway, FL 33460

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.

Property Details for 1001 S FEDERAL Highway, FL 33460

Flooring

Wood

Heating

Other

Cooling

Other

Pool Private

No

Building Information for 1001 S FEDERAL Highway, FL 33460

Building Area Total

3762

Building Area Units

Square Feet

Stories

1

Stories Total

1

Association

No

Security Features

No Fire Protection, No Security

Property Information for 1001 S FEDERAL Highway, FL 33460

Lot Features

Other Location, 1/4 To Less Than 1/2 Acre Lot, Less Than 1 Acre

Lot Size Square Feet

13,500

Waterfront

No

View

No

Construction Materials

CBS Construction

Roof

Tile, Tile Roof

Sewer

Public Sewer, Public Sanitation, Sewer

Water Source

Public

New Construction

No

Public Records for 1001 S FEDERAL Highway, FL 33460

Parcel Number

38434427010390090

Tax Annual Amount

$24,018

Tax Year

2,025

Tax Legal Description

ADD 1 TO TOWN OF LAKE WORTH LTS 9 & 10 BLK 39

Zoning

MU-FH (city)

County Or Parish

Palm Beach County