Lake Worth, FL 33460,1109 S Federal Hwy
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Lake Worth, FL 33460,1109 S Federal Hwy
Lake Worth, FL 33460,1109 S Federal Hwy
Lake Worth, FL 33460,1109 S Federal Hwy
Lake Worth, FL 33460,1109 S Federal Hwy

$850,000

Est. payment /mo

$1,179,000

27.9%
Est.Price: ?

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1109 S Federal Hwy Lake Worth, FL 33460

6,075 SqFt

SOLD DATE : 02/12/2020

Key Details

Sold Price $850,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 6,075 sqft

Price per Sqft $139

MLS Listing ID A10724641

Sold Date 02/12/20

HOA Y/N No

Year Built 1961

Annual Tax Amount $6,348

Lot Size 6,713 Sqft

Property Description

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

State FL

County Palm Beach County

Area 5640

Direction Please use GPS.

Interior

Heating Central, Electric, Gas

Cooling Central Air

Flooring Carpet, Ceramic Tile

Exterior

Waterfront No

Parking Type Assigned, Common

Building

Story 1

Water Public

Level or Stories One

Structure Type Brick,Block

Others

Tax ID 38434427010480110

Acceptable Financing Cash

Listing Terms Cash

Financing Conventional

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Listed by RentPro Florida
Bought with RentPro Florida

Laurelie Lecussan

Global Real Estate Advisor, CIPS|ABR|SRS | License ID: 3265641

+1(786) 712-8081

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