Price reduced
$1,425,000
Photo 1 of 16$1,425,000
Price reduced131 S FEDERAL Highway FL 33460
3,112 sq ftBuilt 1924MLS# B26053891
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About this property
Federal Flats in Lake Worth Beach is a renovated 5-unit multifamily property featuring three studio apartments, one 1-bedroom/1-bathroom unit, and one spacious 3-bedroom/1-bathroom unit. The property is currently generating $9,150 in gross monthly rental income, with one studio vacant and additional income available upon lease-up. Conveniently located near downtown Lake Worth Beach, the Intracoastal Waterway, and the beach, Federal Flats offers immediate cash flow with further upside through stabilization and future rent growth.
Property details
- Property type
- Multi-family
- Year built
- 1924
- Living area
- 3,112 sq ft
- Price per sq ft
- $458
- Property taxes
- $19,428/yr
- Status
- Price reduced
- MLS #
- B26053891
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