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1331 Federal Highway N 1
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PRICED AT ONLY: $799,000

Address: 1331 Federal Highway N 1, Lake Worth Beach, FL 33460

Description

Welcome to Lake Worth Beach! This exceptional investment property is perfect for the savvy investor 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. Zoned commercial multifamily (>10 units), it's ideal for short term rentals. The property has a newer roof, brand new impact windows/doors, and fully upgraded kitchens & baths. Each unit offers 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 operation.

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More Like This
  • MLS#: RX-11039916 ( Duplex )
  • Street Address: 1331 Federal Highway N 1
  • Viewed: 8
  • Price: $799,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1956
  • Bldg sqft: 0
  • Days On Market: 29

Description

Welcome to Lake Worth Beach! This exceptional investment property is perfect for the savvy investor 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. Zoned commercial multifamily (>10 units), it's ideal for short term rentals. The property has a newer roof, brand new impact windows/doors, and fully upgraded kitchens & baths. Each unit offers 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 operation.
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Features
Building and Construction
  • Absolute Longitude: 80.052398
  • Construction: CBS
  • Exterior Features: Covered Patio, Fence, Open Patio, Open Porch
  • Flooring: Ceramic Tile, Tile
  • Roof: Tar/Gravel
  • Sqft Source: Other
  • Sqft Total: 2436.00
  • Total Building Sqft: 1990.00
Property Information
  • Property Condition: Resale
  • Property Group Id: 19990816212116581394000000
Land Information
  • Lot Description: < 1/4 Acre, Corner Lot, Paved Road, Public Road, Sidewalks, West of US-1
  • Subdivision Information: Bike - Jog, Picnic Area, Sidewalks
Eco-Communities
  • Private Pool: No
  • Storm Protection Impact Glass: Complete
  • Waterfront Details: None
Utilities
  • Carport Spaces: 1.00
  • Cooling: Central Individual, Paddle Fans, Wall-Win A/C
  • Heating: Central Individual
  • Number Of Stories: 1.0
  • Separate Elec Meters: No
  • Separate Wtr Meters: No
  • Utilities: Electric, Public Sewer, Public Water
  • Window Treatments: Blinds, Hurricane Windows, Impact Glass
Finance and Tax Information
  • Home Owners Association poa coa Monthly: 0.00
  • Homeowners Assoc: None
  • Income Expenses Annual Net Oper Inc: 113972.00
  • Income Expenses Annual Total Expense: 25264.00
  • Income Expenses Gross Operating Inc: 139236.00
  • Source Of Expenses: Owner
  • Tax Year: 2024
Rental Information
  • Tenant Pays: None
Other Features
  • Avail Info: None
  • Country: United States
  • Housing For Older Persons Act: No Hopa
  • Legal Desc: NORTH LAKE WORTH LT 9 (LESS E 5 FT SR 5 R/W) BLK 13
  • Parcel Id: 38434415160130090
  • Possession: At Closing, Subject to Lease
  • Special Info: Sold As-Is
  • View: Garden
  • Zoning: MU-FH(
Nearby Subdivisions
Bryant Park   Lake Worth Beach   Lake Worth Heights   Lake Worth Town   Lake Worth Town Add 01   Lake Worth Town Of   Lake Worth Town Of Add 1   Lakeview Heights Add 3   Latona Court Amnded Plat   North Lake Worth   Parkview Heights   S/d Of 21-44-43, W 1/2 In   Worthmore Park  
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