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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 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.
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  • MLS#: RX-11124535 ( Duplex )
  • Street Address: 1120 Federal Highway S
  • Viewed: 1
  • Price: $699,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1961
  • Bldg sqft: 0
  • Days On Market: 6
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Features
Building and Construction
  • Absolute Longitude: 80.052105
  • Construction: Block, Concrete, Stucco
  • Exterior Features: Fruit Tree(s)
  • Flooring: Tile, Wood Floor
  • Roof: Comp Shingle
  • Sqft Source: Appraisal
  • Sqft Total: 1812.00
  • Total Building Sqft: 1456.00
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: 5400.00
  • 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
  • Special Assessment: No
  • 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