Well-positioned 8-unit multifamily property featuring six 1-bedroom/1-bathroom units, one studio, and one efficiency apartment. The property is currently generating $13,928 in gross monthly rental income with one unit vacant, while offering a projected pro forma gross monthly income of $16,950 upon stabilization. Ideally located along South Federal Highway just minutes from downtown Lake Worth Beach, the Intracoastal Waterway, and the beach, this asset presents investors with immediate cash flow and significant upside through lease-up and continued rental growth in one of Palm Beach County's strongest rental markets.
3,762 Sq Ft
0.31 Private Acres Lot Size
commercial
US$2,002 Monthly Tax
Built in 1958
MLS/Listing ID B26053945
1 Stories
8 Units
Public Sewer
Sewer
Tile
Construction - CBS
Heating - Other
Natural Wood
Cooling - Other
Public Water
TOTAL MONTHLY COST
US$0
US$0
US$0