$1,940,000
Lake Worth Beach, FL
MLS# B26053945
3762 sqft
1 / 18
Property 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.
Details
Maps
Contract Information
Comp Sale YN: No
Seller Represented YN: No
Listing Date: 2026-07-18
Status: Active
Original List Price: 1940000
List Price: $1,940,000
Current Price: $1,940,000
Listing Service: Limited Service
Location and Legal
County Or Parish: Palm Beach
Municipality Type: Incorporated
Municipal Code: 38
Postal Code: 33460
Geographic Area: PB16
Subdivision Number: 1
Flood Zone: AE,X
Property Description: MULTI-FAMILY LESS THAN 10
Country: United States
Street Number: 1001
Street Direction Prefix: S
Street Name: FEDERAL
Street Suffix: Highway
State Or Province: FL
Postal Code +4: 5138
Area: 5610
Parcel Number: 38434427010390090
Zoning: MU-FH (city)
Directions: Use Navigation
General Property Information
Number Of Buildings: 2
Number Of Units Total: 8
Price Per Unit: 242500
Occupant Type: Tenant
Adjusted Area Main: 1674
Accessibility Features YN: No
Lot Size Area: 13500
Stories Total: 1
Property Sub Type: Multi Family
Building Area Main: 3762
Building Area Source: Owner
Year Built: 1958
Parking Total: 3
Lot Size Acres: 0.31
Currently Not Used
Ownership Type: Other Ownership
Financial Information
Tax Assessed/SOH Value: 942286
Assessor Market Value: 942286
Tax Annual Amount: 24018.37
Tax Year: 2025
Tax Legal Description: ADD 1 TO TOWN OF LAKE WORTH LTS 9 & 10 BLK 39
Office/Member Information
DXORIGMLSID: RML
Electric
Separate Meters: 1
Flooring
Wood: 1
Special Listing Conditions
Standard: 1
Documents Available
Other Available Information: 1
Photos: 1
Meter Information
Separate Electric Meters YN: Yes
Separate Gas Meters YN: No
Separate Water Meters YN: No
Number Of Separate Electric Meters: 8
Tenant Pays
Electricity: 1
Interior Electric: 1
Location of Property
Other: 1
Other Area Details
Living Area Other Structures: 1968
Building Area Other Structures: 2028
Adjusted Area Other Structures: 1986
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Utilities
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Heating
Other: 1
Sale Includes
Building: 1
Land: 1
Construction Materials
CBS: 1
Listing Terms
Cash: 1
Conventional: 1
Roof
Tile: 1
Security Features
None: 1
Water Source
Public: 1
Income and Expenses
Annual Total Expense: 78775
Gross Income: 199874
Real Estate Taxes: 35707
Utilities Expense: 13872
Gross Scheduled Income: 199874
Insurance Expense: 11542
Maintenance Expense: 3200
Manager Expense: 9994
Net Operating Income: 121100
Source Of Expenses
Owner Provided: 1
Description of Unit Type 1
Unit Type: 1 Bedroom
Units Total: 6
Beds Total: 1
Full Baths: 6
Furnished: No
Description of Unit Type 2
Unit Type: Efficiency
Units Total: 1
Full Baths: 1
Furnished: No
Cooling
Other: 1
Showing Requirements
24 Hour Notice: 1
Call Owner: 1
Acreage Description
1/4 To Less Than 1/2 Acre Lot: 1
Less Than 1 Acre Lot: 1
Status Change Information
Major Change Timestamp: 2026-07-18T19:25:20Z
Major Change Type: New Listing
Status Change Date: 2026-07-18
Unit Details
Number Of Units Leased: 7
Originating Details
Originating System Key: 20260718175728274832000000
Originating System ID: M00000170
Property Features
Documents Available: Other Available Information
Electric: Separate Meters
Flooring: Wood
Heating: Other
Location of Property: Other
Possession: Close Of Escrow
Sale Includes: Building; Land
Special Listing Conditions: Standard
Source Of Expenses: Owner Provided
Tenant Pays: Electricity; Interior Electric
Construction Materials: CBS
Cooling: Other
Listing Terms: Cash; Conventional
Roof: Tile
Security Features: None
Sewer: Public Sewer
Utilities: Electricity Connected; Sewer Connected; Water Connected
Water Source: Public
Showing Requirements: 24 Hour Notice; Call Owner
Acreage Description: 1/4 To Less Than 1/2 Acre Lot; Less Than 1 Acre Lot
Listing Office: Home Sold Realty LLC
Last Updated: July - 18 - 2026
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