1331 North Federal Highway, Unit 1

Lake Worth Beach, FL 33460

$750,000
Price
Beds
1,990 Sq. Ft.
$377 / Sq. Ft.
1,990
Sq. Ft.
$377
per Sq. Ft.

Description

Welcome to Lake Worth Beach! This exceptional investment property with an excellent cap rate is ready for it new owners! This is for anyone looking to capitalize on its prime location and turnkey setup. The property includes a 3-bed/3-bath unit and a 2-bed/1-bath unit, along with a 264 sq ft under-air storage room w/ carport. Zoned commercial multifamily (>10 units). The property has a newer roof, brand-new impact windows/doors, and fully upgraded kitchens & baths. Designated parking spaces, and...Welcome to Lake Worth Beach! This exceptional investment property with an excellent cap rate is ready for it new owners! This is for anyone looking to capitalize on its prime location and turnkey setup. The property includes a 3-bed/3-bath unit and a 2-bed/1-bath unit, along with a 264 sq ft under-air storage room w/ carport. Zoned commercial multifamily (>10 units). The property has a newer roof, brand-new impact windows/doors, and fully upgraded kitchens & baths. Designated parking spaces, and separate entrances, offering convenience and privacy for guests. Situated on a corner lot, this low-maintenance property is just 1 mile to the beach and steps from downtown nightlife, restaurants, and bars. FULLY FURNISHED and beautifully decorated, the property is ready for immediate rentals!
  1. Listed by Blair Ann Alshut • Coastal Classic Realty
  2. Listed by Ashley Alshut • Coastal Classic Realty

Property Details for 1331 North Federal Highway, Unit 1

Subdivision
NORTH LAKE WORTH
Waterfront
No
Waterfront Details
None
View
Garden
Style
No Pool/No Water
LISTING UPDATED: 12/06/2024 02:08 PM

Property Details for 1331 North Federal Highway, Unit 1

StatusActive
MLS #RX-11039916
Days on Market31
Taxes$4,558 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1956
Lot Size0.11 AC / 4,750 SF
CountyPalm Beach County

Building Information for 1331 North Federal Highway, Unit 1

Stories1Residences2Year Built1956Building Size-Lot Size0.11 AC / 4,750 SF

Property Information for 1331 North Federal Highway, Unit 1

Summary
Location and General Information
  • Property Condition: Resale
  • Directions: I95 to 10th Ave N Lake Worth Beach go east. pass Dixie (Tuppens) and go to N Federal Hwy make a left. Property on your left about 3 blocks down
  • Geo Area: Palm Beach 5600; 5610; 5620; 5630; 5640
  • Special Info: Sold As-Is
  • Street Number: 1331
  • Subdivision Complex Bldg: NORTH LAKE WORTH
  • Municipal Code: Lake Worth Beach
  • State: FL
  • City Postal ID: 33460
  • MLS Area: 5620
  • MLS Sub Area: PB16
Parking
  • Carport Spaces: 1
  • Garage Spaces: 0
Taxes and HOA Information
  • HOPA: No Hopa
  • Tax Year: 2024
  • Maintenance Fee Incl: None
  • HOA Dues: $0
Property
Lot Information
  • Area: 5620
  • HOA Amenities: None
  • Lot Description: < 1/4 Acre, Corner Lot, Paved Road, Public Road, Sidewalks, West of US-1
  • Parcel ID: 38434415160130090
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Sq Ft Total: 2,436
  • Square Ft Source: Other
  • Zoning: MU-FH(
Property and Assessments
  • Legal Desc: NORTH LAKE WORTH LT 9 (LESS E 5 FT SR 5 R/W) BLK 13
  • Sq Ft Liv Area: 1990.0
  • Legal Description: NORTH LAKE WORTH LT 9 (LESS E 5 FT SR 5 R/W) BLK 13
Utilities
  • Utilities: Electric, Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Construction: Cbs Construction
  • Exterior Features: Covered Patio, Fence, Open Patio, Open Porch
  • Private Pool: No
  • Storm Protection: Impact Glass: Complete
  • Subdiv Amenities: Bike - Jog, Picnic Area, Sidewalks
  • Gated Community YN: No
  • Structure Type: Duplex
Interior Features
  • Roof: Tar/Gravel
  • Separate Elec Meters: No
  • Separate Wtr Meters: No
  • Cooling: Central Individual, Paddle Fans, Wall-Win A/C
  • Flooring: Ceramic Tile, Tile
  • Heating: Central Individual
  • Window Treatments: Blinds, Hurricane Windows, Impact Glass
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $113,972.00
  • Income & Expenses: Annual Total Expense: $25,264.00
  • Income & Expenses: Gross Operating Inc: $139,236.00
  • Tenant Pays: None
Unit 1
  • Unit 1 Desc: A/C Unit, Den/Family, Kitchen, Patio, Range - Electric, Refrigerator, Smoke Detector, Split Bedrooms, Window Cover
  • Unit 1 Info: Bedrooms: 3
  • Unit 1 Info: Full Bath: 3
  • Unit 1 Info: Furnished: Yes
  • Unit 1 Info: Monthly Income: 0
  • Unit 1 Info: SqFt: 1000.0
  • Unit 1 Parking: Open Parking, Space Parking
Unit 2
  • Unit 2 Desc: A/C Unit, Dishwasher, Dryer, Kitchen, Laundry, Range - Electric, Refrigerator, Smoke Detector, Stack Bedrooms, Washer
  • Unit 2 Info: Bedrooms: 2
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: Yes
  • Unit 2 Info: Monthly Income: $0
  • Unit 2 Info: SqFt: 726.0
  • Unit 2 Parking: Open Parking, Space Parking
Rental
Rental Information
  • Pets on Premises: No

Property History for 1331 North Federal Highway, Unit 1

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1331 North Federal Highway, Unit 1

Taxable ValueLand-Additions-Total-
Tax Record2023$4,558 ($380 / month)
Home Facts
Baths2Total Finished SqFt1,726 SqFtAbove Grade Finished SqFt1,726 SqFtStories1Lot Size4,748 SqFtStyleDuplexYear Built1956Year Renovated1975ZoningMU-FHCountyPALM BEACHAPN38-43-44-15-16-013-0090

Schools near 1331 North Federal Highway, Unit 1

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
North Grade Elementary School
PublicK to 8

Lake Worth Community Middle School
Public6 to 8

Lake Worth High School
Public9 to 12

G-Star School Of The Arts
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1331 North Federal Highway, Unit 1 is a multi-family home for sale in Lake Worth Beach, FL 33460. This property was listed for sale on November 24, 2024 by Coastal Classic Realty, it's currently listed at $750,000. It has been on the market for a total of 31 days and was last sold on January 5, 2021. This listing's school district is Palm Beach. Nearby schools include North Grade Elementary School, Lake Worth Community Middle School and Lake Worth High School. 1331 North Federal Highway, Unit 1 is a 0-bed, 0-bath, 1,990 sqft multi-family home built in 1956.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coastal Classic Realty

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.