Active multifamily SALE

1001 S Federal Highway, Lake Worth Beach, Florida None

Lake Worth Beach, FL

$1,899,000

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Property Details

MLS# B26053945

Type Multifamily

Year Built 1958

Tax Amount $24,018

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.

Amenities

1 Stories

Built 1958

Cooling: Other

Heating: Other

Payment Calculator

$0.00 per month

30 Year Fixed, 6.59% Interest

Principal & Interest

$0.00

Property Tax

$0.00

Mortgage Insurance

$0.00

HOA

$0.00

Home Owners Insurance

$0.00

Home Price

Interest Rate

Down Payment

Property Location

Listing Office: Home Sold Realty LLC

Listing Agent: Camilo Perez

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