131 S FEDERAL Highway, , FL 33460
$1,425,000
- 3,112 sqft
- Built 1924
Federal Flats in Lake Worth Beach is a renovated 5-unit multifamily property featuring three studio apartments, one 1-bedroom/1-bathroom unit, and one spacious 3-bedroom/1-bathroom unit. The property is currently generating $9,150 in gross monthly rental income, with one studio vacant and additional income available upon lease-up. Conveniently located near downtown Lake Worth Beach, the Intracoastal Waterway, and the beach, Federal Flats offers immediate cash flow with further upside through stabilization and future rent growth.
Property details
- Property type
- Condominium
- Status
- Active
- Year built
- 1924
- Days on market
- 93
- MLS #
- B26053891
Listing courtesy of Home Sold Realty LLC.