1120 S Federal HWY new Save Request In-Person Tour Request Virtual Tour
Lake Worth Beach,FL 33460
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,812 sqft
Price per Sqft $385
Subdivision Lake Worth Town Of Add 1
MLS Listing ID RX-11091911
Full Baths 2
Construction Status Resale
HOA Y/N No
Year Built 1961
Annual Tax Amount $6,930
Tax Year 2024
Lot Size 7,076 Sqft
Property Sub-Type Duplex
Property Description
LOCATION! Great Opportunity Zoning: Residential, and Commercial Office, Retail or Medical. Currently Multifamily use. 3 minutes to the Intracoastal and only 10 minutes to the golden sands of Palm Beach, this exceptional property offers a rare blend of lifestyle and investment potential. Zoned for mixed use--commercial and residential. 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. 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. $70 million luxury hotel renovation 7min away.
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)
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
Present Use Sold As-Is
Private Pool No
Building
Lot Description < 1/4 Acre,Paved Road,Public Road,Sidewalks
Story 2.0
Foundation Block,Concrete,Stucco
Construction Status Resale
Schools
Middle Schools Lake Shore Middle School
High Schools Palm Beach Lakes High School
Others
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash,Conventional,FHA
Listing Terms Cash,Conventional,FHA
Financing Cash,Conventional,FHA
Virtual Tour https://www.propertypanorama.com/1120-S-Federal-Highway-Lake-Worth-Beach-FL-33460/unbranded