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.
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.
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
Beautiful Income property. Minutes away from Lake Worth Golf Course, 10 minutes from Lake Worth Beach.Three units, 2 occupied on month to month ( no lease )Roof 08/2009Gutters 2020New electrical pane
2 story townhouse duplex. Each unit features a large 3 bedrooms and 2 bathrooms. The spacious 1 car garage per unit could be turned into an extra bedroom. Separate electric and water meters. Tenants
OWNER FINANCING AVAILABLE. Fantastic investment property in prime area of Lake Worth 2 remodeled units 2/1 each. Corner property with lots of parking space. Both units currently rented with great Tena
Incredible opportunity to own a fully occupied duplex in the heart of Lake Worth Beach 100% tenant occupied ideal investment for those seeking strong cash flow from day one. Located just minutes from
3 unit multifamily property in Lake Worth Beach. Solid CBS construction with impact windows/ doors and separate electric meters. This building serves as a prime example of Streamline Moderne architect
A MUST SEE!! Up and running Air B N B with earning average of 60K$ a year, makes this Mid Century property a diamond in the rough! Here sits a main house and separate cottage, one of Lake Worth Beach'
Mediterranean dream of a home 3/2 plus 1/1 cottage plus 1/1 guest house that offers the perfect blend of history and modern comforts. This enchanting property features three spacious bedrooms and t
Cozy Lake Worth Duplex with Porch, Yard & Prime Location.Live just blocks from the beach and downtown in this charming Lake Worth Duplex that blends character with convenience. This 2 bedroom, 1 bath
New Listings & Price Reduction Updates sent directly to your email
Create Your Own Property Search saved for your return visit.
"Like" Listings and Create a Favorites List
* NOTICE: By creating your free profile, you authorize us to send you periodic emails about new listings that match your saved searches and related real estate information.If you provide your telephone number, you are giving us permission to call you in response to this request, even if this phone number is in the State and/or National Do Not Call Registry.