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!

Carport Spaces 10.00 Construction CbsFrameStucco Exterior Features Exterior W/D Hookup Lot Description 1/4 To 1/2 Acre Private Pool YN No Roof MetalOther Unit1 Parking Open Parking Unit2 Parking Open Parking Unit3 Parking Open Parking Unit4 Parking Open Parking View Garden Waterfront Description None Waterfront YN No

Cooling CentralWall-Win A/C Flooring LaminateTile Heating CentralWindow/Wall Unit1 Bedrooms 3 Unit1 Desc A/C UnitDen/FamilyElectric MeterKitchenRange - ElectricRefrigeratorSplit Bedrooms Unit1 Full Baths 1 Unit1 Furnished Yes Unit1 Sq Ft 1075 Unit2 Bedrooms 1 Unit2 Desc A/C UnitKitchenRange - ElectricRefrigerator Unit2 Full Baths 1 Unit2 Furnished Yes Unit2 Sq Ft 532 Unit3 Desc A/C UnitKitchenRefrigerator Unit3 Full Baths 1 Unit3 Sq Ft 400 Unit4 Desc A/C UnitKitchenRange - Electric Unit4 Full Baths 1 Unit4 Sq Ft 400

Annual Net Operating Income 100000.00 Annual Total Expenses 16000.00 Auction No Available Info Leases Built Desc Resale Gated Community No Gross Operating Income 116400.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Multifamily Type Quad Plex Possession Funding REO No Restrictions None Separate Electric Meters Yes Separate Water Meters Yes Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Other Sq Ft Total 3112.00 Subdivision Amenities None Tax Amount 8918.00 Tax Year 2022 Taxes City/County Tenant Pays CableElectric Terms Considered CashConventional Unit1 Monthly Income 2500.00 Unit2 Monthly Income 2000.00 Unit3 Monthly Income 1800.00 Unit4 Monthly Income 1700.00 Utilities CableElectricPublic SewerPublic Water Zoning Mixed Use

131 S Federal Hwy Highway

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131 S Federal Hwy Highway Lake Worth Beach, FL 33460

Property Description

Carport Spaces	10.00
Construction	Cbs Frame Stucco
Exterior Features	Exterior W/D Hookup
Lot Description	1/4 To 1/2 Acre
Private Pool YN	No
Roof	Metal Other
Unit1 Parking	Open Parking
Unit2 Parking	Open Parking
Unit3 Parking	Open Parking
Unit4 Parking	Open Parking
View	Garden
Waterfront Description	None
Waterfront YN	No

Cooling	Central Wall-Win A/C
Flooring	Laminate Tile
Heating	Central Window/Wall
Unit1 Bedrooms	3
Unit1 Desc	A/C Unit Den/Family Electric Meter Kitchen Range - Electric Refrigerator Split Bedrooms
Unit1 Full Baths	1
Unit1 Furnished	Yes
Unit1 Sq Ft	1075
Unit2 Bedrooms	1
Unit2 Desc	A/C Unit Kitchen Range - Electric Refrigerator
Unit2 Full Baths	1
Unit2 Furnished	Yes
Unit2 Sq Ft	532
Unit3 Desc	A/C Unit Kitchen Refrigerator
Unit3 Full Baths	1
Unit3 Sq Ft	400
Unit4 Desc	A/C Unit Kitchen Range - Electric
Unit4 Full Baths	1
Unit4 Sq Ft	400

Annual Net Operating Income	100000.00
Annual Total Expenses	16000.00
Auction	No
Available Info	Leases
Built Desc	Resale
Gated Community	No
Gross Operating Income	116400.00
Homeowners Association	None
HOPA	No Hopa
List Office Board Code	Realtor Association Of The Palm Beaches (Rapb)
Multifamily Type	Quad Plex
Possession	Funding
REO	No
Restrictions	None
Separate Electric Meters	Yes
Separate Water Meters	Yes
Short Sale	No
Short Sale Addendum	No
Short Sale AU	N/A
Source Of Expenses	Other
Sq Ft Total	3112.00
Subdivision Amenities	None
Tax Amount	8918.00
Tax Year	2022
Taxes	City/County
Tenant Pays	Cable Electric
Terms Considered	Cash Conventional
Unit1 Monthly Income	2500.00
Unit2 Monthly Income	2000.00
Unit3 Monthly Income	1800.00
Unit4 Monthly Income	1700.00
Utilities	Cable Electric Public Sewer Public Water
Zoning	Mixed Use