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131 S FEDERAL HWY Lake Worth FL 33460-4286

[Locked] • APN 38-43-44-21-15-043-0150

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Details
Property Type Multifamily
Sub Type Apartment Building
Building SqFt 3,112
Lot SqFt 13,521
Acreage ******
Number of Units 3
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code MU-E
Year Built 1924
Building Count 6
Opportunity Zone No
Mortgage Amount ******
Mortgage Term ******
Interest Rate ******

Property History

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Property Type
Property Type
Multifamily
Property Subtype
Apartment Building
Marketing Description
Prime investment opportunity. Mixed Use Zoning! (5) Units: (1) 3 Bedroom Main House with (4) 1 bedroom 1 bathroom units along with a garage for storage and laundry room. All units have been fully refurbished with chic New York interior style. Large parking lot. 13,520 SQFT corner lot. So much potential the upside is off the chart. Only 1 block to Downtown Lake Worth Beach you can walk or bike to restaurants, shops, intracoastal, and beaches. This property is perfect for annual rental or vacation/short-term rental/ Airbnb. There is not another property like this one. Call listing agent today for more information!
Sale Date
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Sold Price
******
Buyer Borrower 1 Corp Indicator
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Buyer Borrower 1 Name
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Buyer Borrower 1 Ownership Rights Code
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Document Number
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Document Type
******
Recording Book
******
Recording Page
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Resale Flag
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Sales Price Code
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Seller 1 Corp Indicator
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Transaction Type
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Seller 1 Name
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Transfer Tax
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Sold By
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Sold To
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Property Type
Property Type
Multifamily
Property Subtype
Apartment Building
Asking Details
Asking Cap Rate
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Marketing Description

Welcome to this charming and enchanting 5 unit property, nestled near the heart of trendy downtown Lake Worth. With its timeless appeal and old Florida charm, this hidden gem offers an incredible investment opportunity.

All units have been recently and tastefully updated inside with tenants in place. This property would also make an incredible AirBnB/Short term rental property as well as downtown Lake Worth is 1 block away and you can walk or bike to restaurants, intracoastal and the beach!

The property is also zoned for Mixed Use meaning the possibilities with this property are limitless. Situated on a large corner .31 acre lot offering off street parking for all tenants and a garage for storage. This one would make in incredible addition to anyone's investment portfolio!

The main home is a 3/1 and currently rents for $2500 a month. The 4 units in the back are 3 studios and 1 one bedroom. The one bedroom is rented for $2000 a month and the three studios are range between $1700 and $1800 a month.

The possibility of the home being rented out short-term with great returns are very high with Lake Worth experiencing a surge in popularity and continued growth, this property is poised to deliver not only a charming place to reside but also a lucrative return on investment. The strong rental market in the area ensures a steady income stream, making this an enticing opportunity for investors seeking both immediate and long-term financial gains.

Property Type
Property Type
Multifamily
Property Subtype
Apartment Building
Marketing Description
Prime investment opportunity. Five (5) Units: Three (3) Bedroom Main House with four (4) one (1) Bedroom one (1) Bathroom units along with a garage for storage and laundry on-site. Parking Lot. Mixed Use Zoning. Huge 13,520 SQFT corner lot. So much potential for this one the upside is off the chart. All units have been fully updated. Only 1 block to Downtown Lake Worth Beach you can walk or bike to restaurants, shops, intracoastal, and beaches. There is not another property like this one! Call today for more information!

Loan History

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Financial History

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****** Data
Net Operating Income
******
Reporting Date
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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Sold on
 BY:
MP
Michael Petilli
•••.•••.2922
•••••••••li14@•••••.com
Voro LLC
Sold on
 BY:
RP
Ryan Poole
•••.•••.0458
•••••••lere@•••••.com
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