Homes for sale - 1331 N Federal HWY 1, Lake Worth Beach, FL 33460

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Derek Ratliff

derek.ratliff@riserealtyadvisors.com +1(386) 438-9355

Listed by Coastal Classic Realty

$ 750,000

Est. payment | -/mo

5 Beds

4 Baths

1,990 SqFt

Save Virtual Tour

$ 750,000

Est. payment | -/mo

Save Virtual Tour

5 Beds

4 Baths

1,990 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,990 sqft

Price per Sqft $376

Subdivision North Lake Worth

MLS Listing ID RX-11039916

Bedrooms 5

Full Baths 4

Construction Status Resale

HOA Y/N No

Year Built 1956

Annual Tax Amount $4,558

Tax Year 2024

Lot Size 4,750 Sqft

Property Description

Welcome to Lake Worth Beach! This exceptional investment property with an excellent cap rate is ready for it new owners! This is for anyone looking to capitalize on its prime location and turnkey setup. The property includes a 3-bed/3-bath unit and a 2-bed/1-bath unit, along with a 264 sq ft under-air storage room w/ carport. Zoned commercial multifamily (>10 units). The property has a newer roof, brand-new impact windows/doors, and fully upgraded kitchens & baths. Designated parking spaces, and separate entrances, offering convenience and privacy for guests. Situated on a corner lot, this low-maintenance property is just 1 mile to the beach and steps from downtown nightlife, restaurants, and bars. FULLY FURNISHED and beautifully decorated, the property is ready for immediate rentals!

Location

State FL

County Palm Beach

Area 5620

Zoning MU-FH(

Interior

Heating Central Individual

Cooling Central Individual, Paddle Fans, Wall-Win A/C

Flooring Ceramic Tile, Tile

Exterior

Exterior Feature Covered Patio, Fence, Open Patio, Open Porch

Community Features Sold As-Is

Utilities Available Electric, Public Sewer, Public Water

Amenities Available Bike - Jog, Picnic Area, Sidewalks

Waterfront Description None

View Garden

Roof Type Tar/Gravel

Present Use Sold As-Is

Private Pool No

Building

Lot Description < 1/4 Acre, Corner Lot, Paved Road, Public Road, Sidewalks, West of US-1

Story 1.0

Foundation CBS

Construction Status Resale

Others

HOA Fee Include None

Senior Community No Hopa

Restrictions Lease OK

Acceptable Financing Cash, Conventional, VA

Listing Terms Cash, Conventional, VA

Financing Cash,Conventional,VA

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(386) 438-9355

derek.ratliff@riserealtyadvisors.com

10752 Deerwood Park Blvd South Waterview II, Suite 100 , JACKSONVILLE, Florida, 32256, USA

1331 N Federal HWY 1 Lake Worth Beach, FL 33460