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Wade M. Berlin

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1120 Federal Highway S
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PRICED AT ONLY: $699,000

Address: 1120 Federal Highway S, Lake Worth Beach, FL 33460

Description

LOCATION! Intracoastal 3 min walk, 10 min walk to the Beach on Palm Beach. Mixed use / Commercial/Residential Zoning. (attached documents multifamily, retail, hotels, medical etc.) 2 floors, both floors have kitchen and bathroom. 3 entrances to the house. Annual GRI just from 2nd floor $28200, one part of first floor rented $14400 a year. second part can be rented $22800 (now owner there). Plenty of parking. 112 sq feet patio. Huge yard, potential to build in future. First floor pictures coming soon it has white tile floor. Walk to Downtown, Parks, Golf Courses. Walk on gorgeous historic S Palmway to get your groceries, coffee. Lake Worth Beach has its own power generator and RO water treatment plant; you can drink out of the taps. $ 70M renovation hotel project started 7 min walk.
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  •   Home Insurance $
  •   HOA Fees $
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  • MLS#: RX-11091911 ( Duplex )
  • Street Address: 1120 Federal Highway S
  • Viewed: 2
  • Price: $699,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1961
  • Bldg sqft: 0
  • Days On Market: 80
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Features
Building and Construction
  • Absolute Longitude: 80.052106
  • Construction: Block, Concrete, Stucco
  • Exterior Features: Fruit Tree(s)
  • Flooring: Tile, Wood Floor
  • Roof: Comp Shingle
  • Sqft Source: Floor Plan
  • Sqft Total: 1812.00
  • Total Building Sqft: 1812.00
Property Information
  • Property Condition: Resale
  • Property Group Id: 19990816212116581394000000
Land Information
  • Lot Description: < 1/4 Acre, Paved Road, Public Road, Sidewalks
  • Subdivision Information: Extra Storage
School Information
  • High School: Palm Beach Lakes High School
  • Middle School: Lake Shore Middle School
Eco-Communities
  • Private Pool: No
  • Storm Protection Impact Glass: Complete
  • Storm Protection Panel Shutters: Complete
  • Waterfront Details: Intracoastal, One Bridge
Utilities
  • Carport Spaces: 1.00
  • Cooling: Ceiling Fan, Electric, Gas
  • Heating: Electric
  • Number Of Stories: 2.0
  • Separate Elec Meters: No
  • Separate Wtr Meters: No
  • Utilities: Electric, Gas Natural, Public Sewer, Public Water, Water Available
  • Window Treatments: Impact Glass
Finance and Tax Information
  • Homeowners Assoc: None
  • Income Expenses Annual Net Oper Inc: 60000.00
  • Income Expenses Annual Total Expense: 5000.00
  • Income Expenses Gross Operating Inc: 65000.00
  • Source Of Expenses: Owner
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Electric, Sewer, Water
Other Features
  • Avail Info: Deposit Last Month, Deposit Security, Leases
  • Country: United States
  • Housing For Older Persons Act: No Hopa
  • Legal Desc: ADD 1 TO TOWN OF LAKE WORTH LT 4 BLK 49
  • Parcel Id: 38434427010490040
  • Possession: At Closing
  • Special Info: Sold As-Is
  • View: Garden
  • Zoning: MU-FH(
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Contact Info

  1. The Real Estate Professional You Deserve
  2. Mobile: 904.248.9848
  3. phoenixwade@gmail.com
Wade M. Berlin