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Price Reduction
Address
1109 S Federal Hwy Lake Worth, FL
Price
$ 1,180,000
Property Attributes
  • MLS#A10724641
  • TypeCommercial
  • CountyPALM BEACH
  • CityLake Worth
  • Area5640
  • Zip33460
  • StyleMulti Family
  • Year Built1961
  • Taxes6348
  • Price$ 1,180,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6,713 SqFt
Listing Provided Courtesy Of:
RentPro Florida
Property Description

Great Income Property located on the nice area of S Federal Hwy in Lake Worth. This Multifamily features 12 1 bed/1bath units all rented for a total monthly income of $10,225.00 and an annual income of $109,530.00. Vacant units are extremely easy to occupy due to the high demand in the area. Furthermore, the area is gaining a lot of popularity among investors and property values are increasing dramatically. The cap rate for this Property is 10%, do not miss this opportunity!!

Price History
8/16/2019 Listed $1,190,000
10/16/2019 1% - $1,180,000

General Features

Building Name LAKE WORTH TOWN OF ADD 1
Levels One
MLS Area 5640
Property SubType Multi Family
Property Type Commercial Sale
Terms Cash
Total Units 12
Zoning Description PO/MF-20

Interior Features

Air Conditioning Y/N Yes
Cooling Central Air
Electric 220 Volts
Flooring Carpet, Ceramic Tile
Heating Central, Electric, Gas
Heating Y/N Yes

Exterior Features

Construction Materials Brick, Block
Lot Size Square Feet 6713
Number of Buildings 2
Number of Separate Electric Meters 2
Parking Features Assigned, Common
Road Frontage Type City Street

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33460

Price
AVG $580K
$1.18M
Taxes
AVG $9,025
$6,348
Visits
AVG 54
3
Year Built
AVG 1953
1961
Walkscore
AVG 81
55
Data Provided by Walkscore ® not using MLS data

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