For sale
Photo 1 of 50$875,000
Price reduced1625 S Federal Hwy, Lake Worth FL 33460
1,806 sq ftBuilt 1950MLS# A11975247
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About this property
Prime corner-lot Fourplex in Lake Worth Beach with Mixed Use zoning, exceptional upside and potential for growth. Two one-story buildings with solid concrete block construction, impact doors, and a rolled roof, replaced in 2006. Featuring 3 Studio Units & a 1-Bedroom Apt. Separately metered electric; owner pays water. Unit #2 comes furnished. All units are rented. Excellent location! Just 5 minutes to the beach and under a mile to Lantana Road, near Palm Beach County Park Airport, Lost City Golf Club, Sports Complex, Publix, Costco, The Home Depot, top dining and a short 20 mins drive to Palm Beach. Strategically positioned 9,936 SF lot with designation Mixed Use East (MU-E) under the City’s Future Land Use Map, permitting up to 45’ maximum height and up to 30 units per acre, subject to zoning and City approval. Ideal for an owner-occupant or savvy investor seeking strong, stable cash flow. *Buyer shall be responsible to verify this information with the City of Lake Worth Beach.
Property details
- Property type
- Multi-family
- Year built
- 1950
- Living area
- 1,806 sq ft
- Price per sq ft
- $484
- Property taxes
- $13,486/yr
- Parking
- 6 spaces
- Building / community
- Blackwell Park Rev Pl
- Status
- Price reduced
- MLS #
- A11975247
Location
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