About this home
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.
Listing last checked: Listing updated:
Listed by Camilo De la Cruz Perez · Home Sold Realty LLC · MLS #B26053945
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Details at a glance
Interior3 property facts
- Heating
- Other
- Cooling
- Other
- Flooring
- Wood
Building4 property facts
- Style
- Multi Family
- Year built
- 1958
- Parking
- 3
- Roof
- Tile
Land & utilities4 property facts
- Lot size
- 0.31 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- MU-FH (city)
Financial2 property facts
- Annual taxes
- $24,018
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $1,899,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$11,604 / monthAdjust
- Principal & interest
- $9,602
- Property tax
- $2,002
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $24,018. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Price and status timeline
- Lsd
$1,900 · Sold $1,900 · Jun 27, 2026
- Ter
$1,995 · Sep 23, 2025
- Ter
$1,950 · Aug 27, 2025
- Lsd
$2,000 · Sold $2,000 · Jul 9, 2025
- Lsd
$2,000 · Sold $2,000 · Jul 1, 2024
- Lsd
$2,000 · Sold $2,000 · Jul 1, 2024
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About 1001 S FEDERAL Highway
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