1109 S Federal Hwy

    Lake Worth, FL 33460
    • $1,180,000
    • STATUS: Active
    • ON SITE: 62 days
    • MLS #: A10724641
    Price Reduced
    $1,180,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1961
    County:

    School Ratings & Info

    Description

    Great Income Property located on the nice area of S Federal Hwy in Lake Worth. This Multifamily features 12 1 bed/1bath units all rented for a total monthly income of $10,225.00 and an annual income of $109,530.00. Vacant units are extremely easy to occupy due to the high demand in the area. Furthermore, the area is gaining a lot of popularity among investors and property values are increasing dramatically. The cap rate for this Property is 10%, do not miss this opportunity!!

    Monthly Payment Calculator



    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-10-17T23:42:42.253.
    www.rileysmithgroup.com/homes/98042584

    1109 S Federal Hwy Lake Worth, FL 33460

    • Price: $1,180,000
    • Status: Active
    • MLS #: A10724641
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1961
    Built
    County:
    Palm Beach
    Property Description
    Great Income Property located on the nice area of S Federal Hwy in Lake Worth. This Multifamily features 12 1 bed/1bath units all rented for a total monthly income of $10,225.00 and an annual income of $109,530.00. Vacant units are extremely easy to occupy due to the high demand in the area. Furthermore, the area is gaining a lot of popularity among investors and property values are increasing dramatically. The cap rate for this Property is 10%, do not miss this opportunity!!
    Exterior Features

    Construction Materials Concrete Block ConstructionConcrete Block With BrickCbs Construction Lot Features Other LocationIn Residential Area Parking Features AssignedCommon Pool Private YN No Waterfront YN No

    Interior Features

    Building Area Total 6075 Cooling Central Individual A/C Flooring CarpetCeramic Floor Heating Central ElectricCentral Gas Stories Total 1

    Property Features

    Association YN No Building Name Lake Worth Town Of Add 1 Business Type Commercial/Residential IncomeResidential-Multi-Family Cooling YN Yes Documents Available Appraisal Electric 220 Volts Heating YN Yes Horse YN No Internet Address Display YN Yes Internet Automated Valuation Display YN Yes Internet Entire Listing Display YN Yes Land Lease YN No Lease Term 1 To 3 Year Lease Listing Terms Cash New Construction YN No Public Survey Section 27 Security Features Other Fire Protection Senior Community YN No Special Listing Conditions Sale Tax Annual Amount 6348 Water Source Public

    Listing courtesy of Rentpro Florida.


    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-10-17T23:42:42.253.
     
    The Riley Smith Group
    3560 Main Highway
    Coconut Grove FL, 33133