215 N Federal Highway Lake Worth Beach FL 33460 MLS #RX-10987153

215 N Federal Highway
Lake Worth Beach, FL, 33460
$1,395,000
Beds
0 Baths
SqFt
0.15 Acres
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Currently high performing short-term cash cow!! This is an opportunity to live and work in a commercially zoned single family home and pay your mortgage with the income from three apts in a separate two story apartment building in the back with a garage and storage. The main house is a large 3BD/1BA with three 2BD/1BA units located in a fully enclosed fenced space out back. This is a turn-key investment property sold fully equipped and furnished. There is a huge fenced outdoor patio and dining area, common area laundry/storage facility, and two driveways. Colorful murals painted by a local artist add to the laid back charm. Great downtown location with plenty of parking! Lake Worth Beach is a beach lovers destination with public amenities including a pier, restaurants, golf,

Property Details

Price:
$1,395,000
MLS #:
RX-10987153
Status:
Active
Baths:
0
Address:
215 N Federal Highway
Type:
Commercial
Subtype:
Mixed Use
Subdivision:
LAKE WORTH TOWN OF
City:
Lake Worth Beach
Listed Date:
May 14, 2024
State:
FL
ZIP:
33460
Lot Size:
6,534 sqft / 0.15 acres (approx)
Year Built:
1921
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Michael Cuevas

Michael Cuevas

Broker Owner

Phone 561 578-2320

Michael has helped hundreds of people acquire and sell properties in Palm Beach County, Florida over the last 10+ years. He has surrounded himself with industry professionals that allow his clients to thrive in our ever-changing real estate landscape. After graduating from the University of Wisconsin, Michael migrated to South Florida in 2005 to join his family and escape the cold weather. He began his real estate career in Southwest Florida as a manager for a real estate developer in new home…

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Schools

Interior

Cooling
Wall- Win A/ C
Flooring
Tile, Wood Floor
For Lease
No
Heating
Window/ Wall

Exterior

% Air Conditioned
88.00
Construction
Frame
Roof
Comp Rolled, Comp Shingle
Security
Fence
Waterfront Details
None

Financial

Buyer Agent Compensation
2.5%%
Gross Operating Income
$194,085
Net Operating Income
$156,737
Utilities
Cable, Electric, Gas Natural, Public Sewer, Public Water

Map

Community

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Listing courtesy of Acquire Palm Beach LLC, (561)–279–3333

© 2024 Beaches Multiple Listing Service BMLS. Information deemed reliable, but not guaranteed.
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215 N Federal Highway
Lake Worth Beach, FL