1001 S FEDERAL Highway, FL 33460
FL 33460
$1,899,000
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- Price
- $1,899,000
- Building size
- 3,762
- Property type
- Multi Family
- Year built
- 1958
- Lot size (sq ft)
- 13,500
- MLS number
- B26053945
This listing is courtesy of Home Sold Realty LLC, 833-700-2782.
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.
Details
- Property type
- Multi Family
- Year built
- 1958
- Lot size (sq ft)
- 13,500
Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.
Newmar Brokerage, LLC