1001 S FEDERAL Highway, FL 33460

About This Property

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.

Property Details

Property Type

Multi Family

Status

Active

MLS #

B26053945

Building Area

3,762 SF

Lot Size

13,500 SF

Year Built

1958

Zoning

MU-FH (city)

Units

8

Net Operating Income

$121,100

Days on Market

0

Price

$1,940,000