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131 S FEDERAL Highway, Lake Worth, FL, 33460

6beds
4baths
3,112sqft
$1,500,000
$482price/sqft
$12,774/moest. monthly cost
$510,960/yrincome needed

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.

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Getting Around

89
WalkingVery Walkable
0
TransitVery Limited Transit
94
BikeBiker's Paradise

Schools

5/10
South Grade Elementary SchoolGrades PK-50.5 mi
3/10
Lake Worth Community Middle SchoolGrades 6-81.7 mi
2/10
Lake Worth High SchoolGrades PK,9-120.9 mi

Construction

Condition

  • Property condition: Resale,Updated/Remodeled
  • Year built: 1924

Materials

  • Roof: Metal
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily
  • Property subType: Quadruplex,Multi Family,Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 4

Features

  • Window features: Blinds
  • Flooring: Wood

Heating & Cooling

  • Heating features: Central
  • Cooling features: None

Interior Area

  • Total structure area: 3,112
  • Total interior livable area: 3,112 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 38434421150430150
  • Zoning: MU-E (city)
  • Special condition: Standard
  • Other equipment: None

Features

  • Levels: One
  • Stories: 1
  • Exterior features: None
  • Waterfront features: None

Lot

  • Lot size: 0.31 Acres
  • Features: 1/4 to 1/2 Acre Lot

Parking

  • Total spaces: 4