1120 S Federal HWY new Save Request In-Person Tour Request Virtual Tour
Lake Worth Beach,FL 33460
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,456 sqft
Price per Sqft $480
Subdivision Lake Worth Town Of Add 1
MLS Listing ID RX-11124535
Bedrooms 3
Full Baths 3
Construction Status Resale
HOA Y/N No
Year Built 1961
Annual Tax Amount $6,930
Tax Year 2024
Lot Size 7,076 Sqft
Property Sub-Type Duplex
Property Description
LOCATION Incredible! Great Zoning: Residential, and Commercial, Mixed-use, Retail or Medical. Currently Multifamily use. 3 min walk to the Intracoastal and only 5 minutes drive to the golden sands of Palm Beach Island - home to many billionaires, this exceptional property offers a rare blend of lifestyle and investment potential. The second floor alone generates an annual gross rental income of $28,200. One part of the first floor (room) is currently leased for $14,400 annually, while the other half, currently owner-occupied, potential for an additional $22,800 in yearly income. It set on a spacious lot with ample parking; the property includes a charming 112-square-foot patio and a large yard offering room to build or expand in the future. Walk to $70 million luxury hotel renovation.
Location
State FL
County Palm Beach
Area 5600
Zoning MU-FH(
Interior
Heating Electric
Cooling Ceiling Fan,Electric,Gas
Flooring Tile,Wood Floor
Exterior
Exterior Feature Fruit Tree(s)
Pool Concrete
Community Features Sold As-Is
Utilities Available Electric,Gas Natural,Public Sewer,Public Water,Water Available
Amenities Available Extra Storage
Waterfront Description Intracoastal,One Bridge
View Garden
Roof Type Comp Shingle
Present Use Sold As-Is
Private Pool No
Building
Lot Description < 1/4 Acre,Paved Road,Public Road,Sidewalks
Story 2.0
Foundation Block,Concrete,Stucco
Construction Status Resale
Schools
Middle Schools Lake Shore Middle School
High Schools Palm Beach Lakes High School
Others
HOA Fee Include A/C Maintenance,Laundry Facilities
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash,Conventional,FHA
Listing Terms Cash,Conventional,FHA
Financing Cash,Conventional,FHA
Virtual Tour https://www.propertypanorama.com/1120-S-Federal-Highway-Lake-Worth-Beach-FL-33460--RX-11124535/unbranded