131 S FEDERAL Highway, Lake Worth Beach, FL 33460,Lake Worth Beach,Palm Beach,Residential Income

$1,500,000

Description

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.

Address

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Address: FEDERAL
City: Lake Worth Beach
State/county: Palm Beach
Zip/Postal Code: 33460

Details

Updated on July 18, 2026 at 5:52 pm

Property ID B26053891
Price $1,500,000
Property Size 3112 Sq Ft
Land Area 0.31 Sq Ft
Year Built 1924
Type Quadruplex
Property Status Residential Income

Additional details

BuildingAreaSource Owner
BuildingAreaTotal 3112
CLIP 6628749741
ConstructionMaterials Frame
ContractStatusChangeDate 2026-07-18
CumulativeDaysOnMarket 0
CurrentPrice 1500000
DaysOnMarket 0
DaysOnMarketReplication 0
DaysOnMarketReplicationDate 2026-07-18
DaysOnMarketReplicationIncreasingYN 1
Directions Use Navigation
DocumentsAvailable Other
DocumentsChangeTimestamp 2026-07-18T12:23:31.000-00:00
DocumentsCount 0
ElementarySchool South Grade
FinancialDataSource Owner
Flooring Wood
GrossIncome 137875
Heating Central
HighSchool Lake Worth
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
Levels One
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 1177346997
ListingKeyNumeric 1177346997
ListingService Limited Service
ListingTerms Cash, Conventional, FHA
LivingAreaSource Owner
LotFeatures 1/4 to 1/2 Acre Lot
LotSizeArea 13520
MLSAreaMajor 5610
MajorChangeTimestamp July 18, 2026 at 12:18pm
MajorChangeType New Listing
MapCoordinateSource Imported
MiddleOrJuniorSchool Lake Worth
MlsStatus Active
MobileDimUnits Feet
ModificationTimestamp July 18, 2026 at 05:36pm
NetOperatingIncome 88466
NumberOfSeparateElectricMeters 4
NumberOfUnitsInCommunity 4
NumberOfUnitsTotal 4
OnMarketDate 2026-07-18
OnMarketTimestamp 2026-07-18T00:00:00.000-00:00
OpenHouseModificationTimestamp 2026-07-18T13:35:08.263-00:00
OriginalEntryTimestamp July 18, 2026 at 12:18pm
OriginalListPrice 1500000
OriginatingSystemID M00000170
OriginatingSystemKey 624341805
OriginatingSystemListAgentMemberKey 1276242
OriginatingSystemListOfficeKey 1156726
OriginatingSystemModificationTimestamp 2026-07-18T13:35:08.263-00:00
OriginatingSystemName BEACH
OriginatingSystemSubName BEACH_BEACH
OtherStructures Other
ParcelNumber 38434421150430150
ParkingTotal 4
Permission IDX
PetsAllowed No Pet Restrictions, Yes
PhotosChangeTimestamp July 18, 2026 at 04:32pm
PhotosCount 16
Possession Close Of Escrow
PostalCity Lake Worth Beach
PostalCode 33460
PostalCodePlus4 4286
PropertyCondition Resale, Updated/Remodeled
PropertySubTypeAdditional Quadruplex
PublicSurveyTownship 38
RoadResponsibility Public Maintained Road
RoadSurfaceType Asphalt
Roof Metal
Sewer Public Sewer
ShowingContactPhone 954-245-3494
SourceSystemID TRESTLE
SourceSystemKey 1177346997
SourceSystemName flexmls
SpecialListingConditions Standard
StateOrProvince FL
StatusChangeTimestamp July 18, 2026 at 12:18pm
Stories 1
StoriesTotal 1
StreetDirPrefix S
StreetName FEDERAL
StreetNumber 131
StreetNumberNumeric 131
StreetSuffix Highway
StructureType Multi Family, Quadruplex
SubdivisionName LAKE WORTH TOWN OF
TaxAnnualAmount 19428.05
TaxAssessedValue 772580
TaxLegalDescription TOWN OF LAKE WORTH LTS 15 & 16 BLK 43
TaxYear 2025
TenantPays Cable TV, Electricity
UniversalPropertyId US-12099-N-38434421150430150-R-N
Utilities Cable Available, Electricity Connected, Sewer Connected, Water Connected
VideosCount 0
WaterSource Public
WindowFeatures Blinds
Zoning MU-E (city)