$1,940,000 USD
Commercial for Sale, 1001 S FEDERAL Highway, Lake Worth Beach, Florida
- MLS#B26053945
Listed By Home Sold Realty LLC
The Commercial Property for Sale located at 1001 S FEDERAL Highway, Lake Worth Beach, Florida is currently for sale. 1001 S FEDERAL Highway, Lake Worth Beach, Florida is listed for $1,940,000.
Property features
Construction
- Year built: 1958
- Roofing: Tile
- Construction: Cbs Construction
Interior Features
- Floors: Wood
Utilities
- Other utilities: PublicPublic Sewer
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.
Location
1001 S FEDERAL Highway, Lake Worth Beach, Florida