1120 S Federal Highway
Lake Worth Beach, FL 33460
1456 sqft | 0.16 acres
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.
Property Details
- Utility FeaturesElectricity Connected, Gas Natural, Public Sewer, Public Water, Water Available
- Lot Features< 1/4 Acre, Paved Road, Public Road, Sidewalks
- Lot Description< 1/4 Acre, Paved Road, Public Road, Sidewalks
- High SchoolPalm Beach Lakes High School
- CoolingCeiling Fan, Electric, Gas
- SubdivisionLAKE WORTH TOWN OF ADD 1
- Middle SchoolLake Shore Middle School
- Exterior FeaturesFruit Tree(s)
- Exterior MaterialsFruit Tree(s)
- Property TypeMulti-Family
- RoofComposition
- CountyPalm Beach
- Original List Price$699,000
- ViewGarden
- ZoningMU-FH(
- Taxes Annual$6,930
- Cost699000
- Property SubtypeDuplex
- Acres0.162
- Square Feet1456
- Lot Size (sqft)7076
- Year Built1961
- Stories2
Location
Legal
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Last Updated: . Source: BMLS
Provided By
Listing Agent: Irina Borisova (#276540748)
Listing Office: Coldwell Banker (#606111)
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