131 S FEDERAL Highway, Lake Worth Beach, FL 33460
$1,500,000
Price
3,112
Property Type:Quadruplex
Status:Active
Listing ID:B26053891
Year Built:1924
Lot Area:13,520
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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.