Rare opportunity to own a 5 unit apartment building in Lake Worth Beach, FL. 3 Studio and two 1/1 apartments, all with tile floors. New roof in 2020. Impact rated entry doors and accordion hurricane shutters on all windows. Laundry room with coin op washer and dryer. One gas hot water heater serves all apartments. Tenants pay for electric. Wall a=c in studios and central a/c in 1/1’s. Property is under termite bond and an assumable flood insurance policy. Off street tenant parking, super location and fresh exterior paint make this a great investment. Monthly rents are $5900.
Sold for $800,000 on 06/04/24
Street View
$800,000
731 N Federal Hwy, Lake Worth, FL 33460
5beds
3,186sqft
MultiFamily
Built in 1955
-- sqft lot
$918,700 Zestimate®
$251/sqft
$3,549 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Forced air
Cooling
- Wall
Appliances
- Included: Refrigerator
Features
- Flooring: Tile
Interior area
- Total interior livable area: 3,186 sqft
Property
Features
- Exterior features: Stucco
Lot
- Size: 6,751 sqft
Details
- Parcel number: 38434421152220090
Construction
Type & style
- Home type: MultiFamily
Materials
- masonry
- Roof: Other
Condition
- Year built: 1955
Community & neighborhood
Community
- Community features: On Site Laundry Available
Location
- Region: Lake Worth
Other
Other facts
- Equip\Appl Included \ Range
- Floor Covering: title
- Furnished \ Unfurnished
- HOPA \ No Hopa
- Heating \ Window\Wall
- Interior Features \ None
- Master Bedroom\Bath \ None
- Parking \ Driveway
- SqFt Source \ Tax Rolls
- Storm Protection: Accordian Shutters \ Complete
- Total Floors in Bldg \ 1.00
- Type \ Efficiency
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Estimated market value
$918,700