About 1001 S Federal Highway
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.
Features of 1001 S Federal Highway
| MLS® # | B26053945 |
|---|---|
| Price | $1,940,000 |
| Acres | 0.31 |
| Year Built | 1958 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 1001 S Federal Highway |
|---|---|
| Area | 5610 |
| City | Lake Worth Beach |
| County | Palm Beach |
| State | FL |
Amenities
| Utilities | Electricity Connected, Sewer Connected, Water Connected |
|---|
Interior
| Heating | Other |
|---|---|
| Cooling | Other |
| # of Stories | 1 |
Exterior
| Roof | Tile |
|---|---|
| Construction | CBS |
Additional Information
| Zoning | MU-FH (city) |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Home Sold Realty LLC |
|---|