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Commercial Sale Active
1001 S FEDERAL Highway, Lake Worth Beach, FL,Lake Worth Beach,Palm Beach,Commercial Sale
  • $1,940,000

Description

Well-positioned 8-unit multifamily property featuring six 1-bedroom/1-bathroom units, one studio, and one efficiency apartment. The property is currently generating $13,928 in gross monthly rental income with one unit vacant, while offering a projected pro forma gross monthly income of $16,950 upon stabilization. Ideally located along South Federal Highway just minutes from downtown Lake Worth Beach, the Intracoastal Waterway, and the beach, this asset presents investors with immediate cash flow and significant upside through lease-up and continued rental growth in one of Palm Beach County’s strongest rental markets.

Address

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  • Address: FEDERAL
  • City: Lake Worth Beach
  • State/county: Palm Beach

Details

Updated on July 18, 2026 at 10:58 pm
  • Property ID B26053945
  • Price $1,940,000
  • Land Area 0.31 Sq Ft
  • Year Built 1958
  • Type Multi Family
  • Property Status Commercial Sale

Additional details

  • BuildingAreaSource Owner
  • BuildingAreaTotal 3762
  • CLIP 4780881220
  • ConstructionMaterials Block
  • ContractStatusChangeDate 2026-07-18
  • Cooling Other
  • CumulativeDaysOnMarket 0
  • CurrentPrice 1940000
  • DaysOnMarket 0
  • DaysOnMarketReplication 0
  • DaysOnMarketReplicationDate 2026-07-18
  • DaysOnMarketReplicationIncreasingYN 1
  • Directions Use Navigation
  • DocumentsAvailable Ground Photo, Other
  • DocumentsChangeTimestamp 2026-07-18T15:29:24.000-00:00
  • DocumentsCount 0
  • Electric Separate Meters
  • FinancialDataSource Owner
  • Flooring Wood
  • GrossIncome 199874
  • GrossScheduledIncome 199874
  • Heating Other
  • InsuranceExpense 11542
  • InternetAddressDisplayYN 1
  • InternetAutomatedValuationDisplayYN 1
  • InternetConsumerCommentYN 1
  • InternetEntireListingDisplayYN 1
  • ListAOR BeachesMLS
  • ListAgentAOR BeachesMLS
  • ListAgentDirectPhone 833-700-2782
  • ListAgentEmail homesoldrealty@gmail.com
  • ListAgentFirstName Camilo
  • ListAgentFullName Camilo De la Cruz Perez
  • ListAgentKey 26910006
  • ListAgentKeyNumeric 26910006
  • ListAgentLastName Perez
  • ListAgentMiddleName De la Cruz
  • ListAgentMlsId 3467504
  • ListAgentNationalAssociationId 276535504
  • ListAgentOfficePhone 833-700-2782
  • ListAgentPreferredPhone 833-700-2782
  • ListAgentStateLicense 3467504
  • ListAgentURL http://www.floridacasabella.com
  • ListOfficeAOR BeachesMLS
  • ListOfficeEmail homesoldrealty@gmail.com
  • ListOfficeKey 5935355
  • ListOfficeKeyNumeric 5935355
  • ListOfficeMlsId 276620839
  • ListOfficeName Home Sold Realty LLC
  • ListOfficePhone 833-700-2782
  • ListingAgreement Exclusive Agency
  • ListingContractDate 2026-07-18
  • ListingKey 1177369884
  • ListingKeyNumeric 1177369884
  • ListingService Limited Service
  • ListingTerms Cash, Conventional
  • LotFeatures Other, 1/4 to 1/2 Acre Lot
  • LotSizeArea 13500
  • MLSAreaMajor 5610
  • MaintenanceExpense 3200
  • MajorChangeTimestamp July 18, 2026 at 03:25pm
  • MajorChangeType New Listing
  • ManagerExpense 9994
  • MapCoordinateSource Imported
  • MlsStatus Active
  • MobileDimUnits Feet
  • ModificationTimestamp July 18, 2026 at 08:21pm
  • NetOperatingIncome 121100
  • NumberOfBuildings 2
  • NumberOfSeparateElectricMeters 8
  • NumberOfUnitsLeased 7
  • NumberOfUnitsTotal 8
  • OccupantType Tenant
  • OnMarketDate 2026-07-18
  • OnMarketTimestamp 2026-07-18T00:00:00.000-00:00
  • OpenHouseModificationTimestamp 2026-07-18T16:20:21.383-00:00
  • OriginalEntryTimestamp July 18, 2026 at 03:25pm
  • OriginalListPrice 1940000
  • OriginatingSystemID M00000170
  • OriginatingSystemKey 624411088
  • OriginatingSystemListAgentMemberKey 1276242
  • OriginatingSystemListOfficeKey 1156726
  • OriginatingSystemModificationTimestamp 2026-07-18T16:20:21.383-00:00
  • OriginatingSystemName BEACH
  • OriginatingSystemSubName BEACH_BEACH
  • ParcelNumber 38434427010390090
  • ParkingTotal 3
  • Permission IDX
  • PhotosChangeTimestamp July 18, 2026 at 07:38pm
  • PhotosCount 18
  • Possession Close Of Escrow
  • PostalCity Lake Worth Beach
  • PostalCodePlus4 5138
  • PropertySubTypeAdditional Multi Family
  • PublicSurveyTownship 38
  • Roof Tile
  • Sewer Public Sewer
  • ShowingContactPhone 954-245-3494
  • SourceSystemID TRESTLE
  • SourceSystemKey 1177369884
  • SourceSystemName flexmls
  • SpecialListingConditions Standard
  • StateOrProvince FL
  • StatusChangeTimestamp July 18, 2026 at 03:25pm
  • StoriesTotal 1
  • StreetDirPrefix S
  • StreetName FEDERAL
  • StreetNumber 1001
  • StreetNumberNumeric 1001
  • StreetSuffix Highway
  • TaxAnnualAmount 24018.37
  • TaxAssessedValue 942286
  • TaxLegalDescription ADD 1 TO TOWN OF LAKE WORTH LTS 9 & 10 BLK 39
  • TaxYear 2025
  • TenantPays Electricity
  • UniversalPropertyId US-12099-N-38434427010390090-R-N
  • Utilities Electricity Connected, Sewer Connected, Water Connected
  • UtilitiesExpense 13872
  • VideosCount 0
  • WaterSource Public
  • Zoning MU-FH (city)

Overview

Property ID: B26053945
  • Multi Family
  • Type

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Jason Morgan
  • Jason Morgan

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