Basic Information

  • MLS # RX-11039916
  • Type Duplex / Quad Plex / Triplex
  • Status Active Under Contract
  • Subdivision/Complex North Lake Worth
  • Year Built 1956
  • Total Sqft 1,990
  • Date Listed 11/24/2024
  • Days on Market 154
Description

Welcome to Lake Worth Beach! This exceptional CBS 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!

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • View Garden
  • Construction Type Block
  • Parking Description
  • Exterior Features Fence, Porch, Patio
  • Roof Description Tar Gravel

Interior Features

  • Adjusted Sqft 1,990Sq.Ft
  • Cooling Description Central Air, Ceiling Fans, Wall Window Units
  • Floor Description Ceramic Tile, Tile
  • Heating Description Central, Electric
  • Sqft 1,990 Sq.Ft

Property Features

  • Address 1331 N Federal Highway1
  • Aprox. Lot Size 4,750
  • Association Fee Frequency Monthly
  • City Lake Worth Beach
  • Community Features Non Gated
  • Construction Materials Block
  • County Palm Beach
  • Furnished Info No
  • Levels One
  • Listing Terms Cash, Conventional, Va Loan
  • Lot Description Corner Lot, Less Than Quarter Acre
  • Lot Features Corner Lot, Less Than Quarter Acre
  • Patio And Porch Features Open, Patio, Porch
  • Pool Features None
  • Possession Close Of Escrow, Subject To Tenant Rights
  • Postal City Lake Worth Beach
  • Public Survey Section One
  • Roof Tar Gravel
  • Sewer Description Public Sewer
  • Short Sale Regular Sale
  • Stories 1
  • HOA Fees N/A
  • Subdivision Complex North Lake Worth
  • Subdivision Info North Lake Worth
  • Tax Amount $4,558
  • Tax Information N O R T H L A K E W O R T H L T9( L E S S E5 F T S R5 R/ W) B L K13
  • Tax Year 2024
  • Terms Considered Cash, Conventional, Va Loan
  • Type of Property Duplex
  • View Garden
  • Window Features Blinds, Impact Glass

1331 N Federal Hwy #1

Lake Worth Beach, FL 33460

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Coastal Classic Realty. tel: (561) 523-2624

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