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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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1001 S Federal Hwy , , FL 33460
$1,940,000
Est. Payment: $4,311.11/mo
0 Bed
0 Bath
3762 Sqft
Status: Active | Days on site: 55
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FLL276620839 - FLL3467504
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

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.
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Highlights

Listed by Camilo De la Cruz Perez , 833-700-2782 Home Sold Realty LLC , 833-700-2782.

Property Type

Commercial Sale
Lot/Acreage
0.31

Year Built

1958

County

Palm Beach

Area

5610

Listing ID

B26053945

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Floor:Hardwood,Wood
Water:Public

Exterior Features

Lot:<1 Acre,1/4 to 1/2 Acre Lot
Garage Capacity:3
Zoning:MU-FH (city)
Roof:Tile
Sewer:Public Sewer
Principal Interest
$4,311
Taxes
$2,002

Home Price

$1,940,000

Loan Details

30 yrs
%

Down Payment

20%
$388,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,311.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,311.11 $2,001.50 $0.00 $6,312.61
Yearly $51,733.33 $24,018.00 $0.00 $75,751.33
Total $1,552,000.00 $720,540.00 $0.00 $2,272,540.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.