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O'Neil Dayes

odayes@oneildayes.com +1(754) 240-4203

$ 1,940,000

Est. payment | -/mo

3,762 SqFt

Save Virtual Tour

$ 1,940,000

Est. payment | -/mo

Save Virtual Tour

3,762 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,762 sqft

Price per Sqft $515

MLS Listing ID B26053945

HOA Y/N No

Year Built 1958

Annual Tax Amount $24,018

Tax Year 2025

Lot Size 0.310 Acres

Acres 0.31

Property Sub-Type Multi Family

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.

Location

State FL

County Palm Beach

Area 5610

Direction Use Navigation

Interior

Heating Other

Cooling Other

Flooring Hardwood, Wood

Exterior

Utilities Available Electricity Available, Sewer Available, Water Available

Roof Type Tile

Total Parking Spaces 3

Private Pool Yes

Building

Lot Description <1 Acre, 1/4 to 1/2 Acre Lot

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Block

Others

Senior Community No

Tax ID 38434427010390090

Ownership Other Ownership

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/1001-S-FEDERAL-Highway-Lake-Worth-Beach-FL/unbranded

Miami Association of Realtors (SEFMIAMI MLS)

Listed by Home Sold Realty LLC

NEARBY SCHOOL & BUSINESS

+1(754) 240-4203

odayes@oneildayes.com

7875 NW 57th St # 25497, Tamarac, Florida,, 33351, United States

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1001 S FEDERAL HWY Lake Worth Beach, FL 33460