Bought with Keller Williams Coastal Partners
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1120 S Federal HWY Lake Worth Beach, FL 33460
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Key Details
Sold Price $644,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,456 sqft
Price per Sqft $442
Subdivision Lake Worth Town Of Add 1
MLS Listing ID RX-11124535
Bedrooms 3
Full Baths 3
Year Built 1961
Annual Tax Amount $6,930
Tax Year 2024
Lot Size 7,076 Sqft
Property Sub-Type Duplex
Property 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
State FL
County Palm Beach
Area 5600
Zoning MU-FH(
Interior
Heating Electric
Cooling Ceiling Fan, Electric, Gas
Flooring Tile, Wood Floor
Exterior
Exterior Feature Fruit Tree(s)
Pool Concrete
Community Features Sold As-Is
Utilities Available Electric, Gas Natural, Public Sewer, Public Water, Water Available
Amenities Available Extra Storage
Waterfront Description Intracoastal,One Bridge
View Garden
Roof Type Comp Shingle
Building
Lot Description < 1/4 Acre, Paved Road, Public Road, Sidewalks
Story 2.0
Foundation Block, Concrete, Stucco
Schools
Middle Schools Lake Shore Middle School
High Schools Palm Beach Lakes High School
Others
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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