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1109 S Federal Hwy, Lake Worth FL 33460

Commercial Recently Sold
$850,000

BTC: 9.52444982

ETH: 425.00000000

Sold on: 2020-02-12
111 days
0 room(s)
2,680 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Great Income Property located on the nice area of S Federal Hwy in Lake Worth. This Multifamily features 12 1 bed/1bath units all rented for a total monthly income of $10,225.00 and an annual income of $109,530.00. Vacant units are extremely easy to occupy due to the high demand in the area. Furthermore, the area is gaining a lot of popularity among investors and property values are increasing dramatically. The cap rate for this Property is 10%, do not miss this opportunity!!

Location

Florida • Lake Worth • 33460 • Commercial • Recently Sold

Facts and features

Type:
Commercial Sale
Parking:
Assigned / Common
Year Built:
1961
Lot:
6713 Square Feet
Heating:
Central Electric / Central Gas
Price/sqft:
$440
Cooling:
Central Individual A/C
HOA:
No Data
All facts and features

  • Flooring

    • Carpet

    • Ceramic Floor

    Heating

    • Central Electric

    • Central Gas

    Cooling

    • Central Individual A/C

  • Parking

    • Assigned

    • Common

    Lot

    • Lot: 6713 Square Feet

    Other Property Information

    • Parcel Number: 38434427010480110

    • Zoning: PO/MF-20

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Income/MultiFamily

  • Other financial information

    • Annual tax amount: $6,348

  • Source details

    • MLS ID: A10724641

    Other facts

    • Construction Materials: Concrete Block Construction / Concrete Block With Brick / CBS Construction

    • Lot Features: Other Location / In Residential Area

    • Window Features: Complete Accordian Shutters

    • Living Area: 2680

    • Water Source: Public

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: RentPro Florida