923 N FEDERAL Highway

Lake Worth Beach, FL 33460
Square Ft.
592
$449,000
Excellent Income-Producing Investment Opportunity with Room to Increase Rents! Legal duplex property featuring three separate rental units, including two charming 1-bedroom, 1-bathroom cottages and an additional studio unit. Currently generating steady rental income, with the two 1-bedroom units renting for $1,500 and $1,350 per month, and the studio renting for $1,350… Read MoreRead Less
Courtesy of Paradise Real Estate Intl 561-570-4040
Listing Snapshot
Days Online
1
Last Updated
Property Type
Duplex
Square Ft.
592
Lot Size
0.16 Acres
Year Built
1925
MLS Number
B26096155
Property Location Map
Additional Details
Property Access
Frontage Type: City Street, Road Responsibility: Public Maintained Road, Road Surface: Alley Paved
Building
Built in 1925, Living area: 592.0, 1 storey, Construction Materials: Frame
Community
2 units in community
Cooling
Ceiling Fan(s), Wall/Window Unit(s)
Exterior Features
Courtyard
Floors
Tile
Home Owner's Association
Association Fee: $0
Income
Gross Income: $28,200, Net Operating Income: $24,458
Laundry
Common Area
Lot
0.16 acres, Dimensions: 0.1550 ACRES
Pets Policy
Allowed: Yes, No Restrictions
Property
Resale, Other structures: Outbuilding
Roof
Composition
Sewer
Public Sewer
Taxes
Parcel Number: 38434421152860110, Annual Amount: $5,959.88, Assessed Value: $217,348, Legal Description: TOWN OF LAKE WORTH LT 11 BLK 286, Year: 2025, Zoning: MU-FH (city)
Tenant Pays
Cable TV, Electricity, Repairs
Utilities
Cable Available, Electricity Available, Sewer Connected, Water Available, Water Source: Public, Three Phase, 3 separate electric meters, 3 separate water meters
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Monthly Payment
$0
Keith McPherson
Broker Owner
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