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1317 N Federal Highway

Lake Worth Beach , FL 33460

MLS#: R10938066

$879,960

Status: Closed
Listing number: R10938066
Listing provided by: Elevate Realty LLC
Listing agent phone: None
Last update: a month ago
On site: 2 years ago
Browse Properties
NORTH LAKE WORTH - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1973

Sq.Footage

3,584

Welcome to an exceptional investment opportunity - a True QuadPlex perfectly situated just 2 blocks from the prestigious College Park, offering the convenience of a short stroll to downtown Lake Worth and Lake Worth Beach. This robust CBS construction property features a total of 8 bedrooms and 4 bathrooms, providing a solid foundation for an investor's dream. Step inside to discover updated interiors, including modern kitchens, bathrooms, and flooring, ensuring a contemporary and comfortable living experience. Recent rental comparables suggest a strong market demand, with potential rents exceeding $2,000 per month per unit, making this QuadPlex a lucrative prospect. Unit 3, currently vacant, adds versatility to the investment. With the new Fannie Mae 5% down program, it presents an attractive opportunity for an owner-occupant or immediate rental. Each unit boasts its own central HVAC unit, offering tenants individualized comfort. An investment priced at $220,000 per door, this QuadPlex aligns with market rates, as indicated by recent data from RentoMeter, stating an average rental rate of $2,631/month and a median of $2,570/month for a 2-bedroom, 1-bath unit in this sought-after location. The property's MU-FH Mixed-Use Federal Hwy zoning enhances its appeal, providing versatility for potential future uses. Built in 1973, this QuadPlex stands out with its newer construction, potentially minimizing maintenance costs. Don't miss out on this unique investment opportunity that combines location, modern amenities, and income potential. Whether you're a seasoned investor or an owner-occupant seeking strategic value, this True QuadPlex offers a rare blend of features in the heart of Lake Worth. Schedule a showing today and explore the possibilities that this property holds for you.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block

  • Other Exterior Features

    None

  • Pool

    No

  • Waterfront YN

    NO

  • View

    Garden

Area & Lot

  • Lot Size(acres)

    0.11

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

Price

  • Sales Price

    $879,960

  • Tax Amount

    $9,779.41

  • Sq. Footage

    3, 584

  • Price/SqFt

    $245

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Palm Beach

Elementary School

Middle School

High School

Listing Courtesy of Laura Marie Auten , Elevate Realty LLC

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Hals Blanc

Call Hals today to schedule a private showing.

(954) 599-9056

halsblanc@gmail.com


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Welcome to an exceptional investment opportunity - a True QuadPlex perfectly situated just 2 blocks from the prestigious College Park, offering the convenience of a short stroll to downtown Lake Worth and Lake Worth Beach. This robust CBS construction property features a total of 8 bedrooms and 4 bathrooms, providing a solid foundation for an investor's dream. Step inside to discover updated interiors, including modern kitchens, bathrooms, and flooring, ensuring a contemporary and comfortable living experience. Recent rental comparables suggest a strong market demand, with potential rents exceeding $2,000 per month per unit, making this QuadPlex a lucrative prospect. Unit 3, currently vacant, adds versatility to the investment. With the new Fannie Mae 5% down program, it presents an attractive opportunity for an owner-occupant or immediate rental. Each unit boasts its own central HVAC unit, offering tenants individualized comfort. An investment priced at $220,000 per door, this QuadPlex aligns with market rates, as indicated by recent data from RentoMeter, stating an average rental rate of $2,631/month and a median of $2,570/month for a 2-bedroom, 1-bath unit in this sought-after location. The property's MU-FH Mixed-Use Federal Hwy zoning enhances its appeal, providing versatility for potential future uses. Built in 1973, this QuadPlex stands out with its newer construction, potentially minimizing maintenance costs. Don't miss out on this unique investment opportunity that combines location, modern amenities, and income potential. Whether you're a seasoned investor or an owner-occupant seeking strategic value, this True QuadPlex offers a rare blend of features in the heart of Lake Worth. Schedule a showing today and explore the possibilities that this property holds for you.

1317 N Federal Highway

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