131 S FEDERAL Highway, Lake Worth Beach, FL 33460
Listing Snapshot
| List Price | $1,500,000 |
| Price / Sq Ft | $482 |
| Beds | 0 |
| Baths | 0 |
| Living Area | 3,112 sqft |
| Lot Size | 0.31 acres |
| Year Built | 1924 |
| Property Tax | $19,428.05/yr |
| MLS # | 1177346997 |
| Status | Active |
About This Home
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.
General Features
- Property Type
- ResidentialIncome
- Sub-type
- Quadruplex
- Stories
- 1
- Parking Spaces
- 4
- Zoning
- MU-E (city)
- Utilities
- CableAvailable,ElectricityConnected,SewerConnected,WaterConnected
- Subdivision
- LAKE WORTH TOWN OF
Interior Features
- Flooring
- Wood
- Heating
- Central
- Cooling
- None
- Window Features
- Blinds
Exterior Features
- Construction
- Frame
- Exterior Features
- None
- Roof
- Metal
- Lot Features
- QuarterToHalfAcreLot
- Pool
- No
- Waterfront
- No
- Waterfront Features
- None
Community Features
- MLS Area
- 5610
Schools
Map
Virtual Tour
View Virtual TourMLS# 1177346997 · BEACH
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Estimate Your Payment
20% down · Loan: $1,200,000
Estimate only. Does not include insurance or PMI. Rate is illustrative — contact us for current rates.