Home » Lake Worth Beach » 1331 N Federal Highway 1, Lake Worth Beach, FL 33460 | R11039916/RX-11039916

Duplex For Sale 1331 N Federal Highway 1, Lake Worth Beach, FL 33460

$750,000
Price has decreased by $49,000

Property Highlights

Listing ID R11039916/RX-11039916 Status of this Listing: Active Under Contract (An offer has been accepted, considering Backup Offers) For Sale Property Type Residential Income (Multifamily 2-4) Duplex Living Space 1,990 Sqft/184.88 m2 approx. Building Area 2,436 Sqft/226.31 m2 approx. Lot area 4,750 Sqft/441.29 m2 approx. Year Built 1956 Time of this property on Rebonus 52 Day(s)

1331 N Federal Highway 1, Lake Worth Beach, FL 33460

Property Description: Welcome to Lake Worth Beach! This exceptional CBS investment property with an excellent cap rate is ready for it new owners! This is for anyone looking to capitalize on its prime location and turnkey setup. The property includes a 3-bed/3-bath unit and a 2-bed/1-bath unit, along with a 264 sq ft under-air storage room w/ carport. Zoned commercial multifamily (>10 units). The property has a newer roof, brand-new impact windows/doors, and fully upgraded kitchens & baths. Designated parking spaces, and separate entrances, offering convenience and privacy for guests. Situated on a corner lot, this low-maintenance property is just 1 mile to the beach and steps from downtown nightlife, restaurants, and bars. FULLY FURNISHED and beautifully decorated, the property is ready for immediate rentals!

Useful Info

Previous Asking Price:$799,000
Original List Price:$799,000
If Bank REO, Short Sale, As Is, etc.:
  • Listed As-is

Land Lot (Parcel) Details

Lot Features:
  • < 1/4 Acre
  • Corner Lot
Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Number of Units Total:2
Property Condition:
  • Resale
Levels:One
Construction Materials:
  • Block
Flooring:
  • Tile
  • Ceramic Tile
Stories:1

Property Features

View from the Property:
  • Garden
Waterfront:No
Exterior Features:
  • Fence
  • Porch
  • Patio
Patio and Porch Features:
  • Patio
  • Open
  • Porch
Roof:
  • Tar/gravel
Window Features:
  • Blinds
  • Impact Glass
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
  • Ceiling Fan(s)
  • Wall/window Unit(s)
Heating:Yes
Heating System:
  • Central
  • Electric

Taxes and Expenses

Tax Annual Amount:$4,558

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2024
Association Fee Frequency:
  • Monthly

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
  • Va Loan
Buyer Possession:
  • Subject To Tenant Rights
  • Close Of Escrow
Lease Considered:No

Community

Subdivision Name:NORTH LAKE WORTH
Community Features:
  • Non-gated
Complex Name:NORTH LAKE WORTH
Senior Community:No
Restrictions:Ok To Lease

Parking

Garage Spaces:0
Covered Spaces:0

Utilities

Sewer:
  • Public Sewer
Utilities Available:
  • Electricity Available
  • Sewer Available
  • Water Available
Water Source:
  • Public

More Details

Other Information:
Housing Older Persons ActNo HOPA
Data exchange original Listing NumberRX-11039916
Ref1095867405

Zoning and Legal

Tax Legal Description:NORTH LAKE WORTH LT 9 (LESS E 5 FT SR 5 R/W) BLK 13
Real Estate Folio Number (Parcel Number):38434415160130090
Zoning Description:MU-FH(

Listing History

Update/EventDate/Days
Published Date:November 24, 2024 3:00 pm
On Market Date:November 24, 2024
Listing Contract Date:November 24, 2024
Contingent Date:January 14, 2025
Price Change Date Time:December 6, 2024 12:00 am
Last Important Update Description:Active Under Contract (An offer has been accepted, considering Backup Offers)
Date and Time of Last Important Update:January 14, 2025 5:25 pm
Status Last Changed:January 14, 2025 12:00 am
Photos Last Modified:January 15, 2025 12:23 am
Last Modified:January 15, 2025 12:22 am
Days on the Market Reference Date:January 15, 2025
Days on the Market (updated on Last Modified*):51
Cumulative Days on the Market (updated on Last Modified**):51

Additional Information

Lot Size Range:Less Than 1/4 Acre Lot,Corner Lot,West Of Us 1,
Number of Photos:39
Location:,
Included:,,
Geographical Area:Palm Beach 5600; 5610; 5620; 5630; 5640
Area:5620
Automated Valuation Display:Yes
Courtesy of:Coastal Classic Realty
Universal Property Id:US-12099-N-38434415160130090-R-N

Location

Show Property Address:Yes
Street Name:Federal Highway
Street Number:1331
Street Direction Prefix:N
Street Address:1331 N Federal Highway 1
Unit Number:1
City : Lake Worth Beach
State : Florida
Zip Code : 33460
County : Palm Beach
Full Address:1331 N Federal Highway 1, Lake Worth Beach, FL 33460
Latitude:N26° 37' 55.6''
Longitude:W81° 56' 51.4''

Neighborhood

Postal City:Lake Worth Beach

Property Map