1001 S FEDERAL Highway, FL 33460
Multi Family
$1,940,000
Listing courtesy of Home Sold Realty LLC; Camilo De la Cruz Perez. Information from the Southeast Florida Multiple Listing Service is deemed reliable but is not guaranteed accurate.
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Multi Family, Commercial Sale
Details
Overview
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.
This multi family home located at 1001 S FEDERAL Highway, FL 33460 is currently for sale and has been available on Brickellsold for 55 days. This property is listed at $2M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1958. 1001 S FEDERAL Highway, FL 33460 county Palm Beach County.
Interior
- Flooring: Wood
- Common walls with other units/homes:
Property
- Parking Features:
- Entry location:
- Exterior Features:
- View Description:
Construction
- Year Built: 1958
Community & HOA
- Security Features: No Fire Protection, No Security
- Amenities: