1001 S FEDERAL Highway

FL 33460
$1,940,000
Well-positioned 8-unit multifamily property featuring six 1-bedroom/1-bathroom units, one studio, and one efficiency apartment. The property is currently generating $13,928 in gross monthly rental income with one unit vacant, while offering a projected pro forma gross monthly income of $16,950 upon stabilization. Ideally located along South Federal Highway just minutesRead MoreRead Less
Courtesy of Home Sold Realty LLC.
Listing Snapshot
Days Online
0
Last Updated
Property Type
Multi Family
Lot Size
0.31 Acres
Year Built
1958
MLS Number
B26053945
30 Days Snapshot Of 33460
$528k
-53%
(avg) sold price
25
-10%
homes sold
45
-48%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Construction Materials: CBS Construction, Stories: 1, Year Built: 1958, Building Area Total: 3762, Structure Type: Multi Family
Community
Units In Community: 8
Cooling
Cooling: Other
Expenses
Insurance Expense: 11542, Other Expense: 13872
Floors
Flooring: Wood
Water Features
Water Source: Public
Heating
Heating: Other
Income
Gross Income: $199,874, Gross Scheduled Income: $199,874, Net Operating Income: $121,100
Lot
Acres: 0.31, Square Feet: 13500, Features: Other Location, 1/4 To Less Than 1/2 Acre Lot, Less Than 1 Acre
Miscellaneous
Inclusions: Building Only, Business And Building
Parking
Parking Total: 3
Property
Leasable Area Units: Square Feet
Roof
Roof: Tile, Tile Roof
Security Features
Features: No Fire Protection, No Security
Sewer
Sewer: Public Sewer, Public Sanitation, Sewer
Taxes
Parcel Number: 38434427010390090, Tax Annual Amount: $24,018, New Taxes Expense: 35707, Tax Legal Description: ADD 1 TO TOWN OF LAKE WORTH LTS 9 & 10 BLK 39, Tax Year: 2025
Tenant Pays
Tenant Pays: Electricity
Utilities
Electric On Property YN: t, Electric: Separate Meters, Utilities: Electricity Available, Sewer Available, Water Available
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Eddie Blanco
Realtor®
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