1001 S FEDERAL Highway, Lake Worth Beach, FL

New Listing

$1,940,000

Virtual Tour

https://www.propertypanorama.com/1001-S-FEDERAL-Highway-Lake-Worth-Beach-FL/unbranded

Property Type: Commercial Sale Square Footage: 3,762 Status: Active

Current Price: $1,940,000 List Date: 7/18/2026 Last Modified: 7/18/2026

Overview

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.

Listing Details MLS# B26053945

General Property Information

Number Of Buildings: 2
Property Sub Type: Multi Family
Number Of Units Total: 8
Price Per Unit: 242500
Occupant Type: Tenant
Building Area Main: 3762
Building Area Source: Owner
Adjusted Area Main: 1674
Year Built: 1958
Parking Total: 3
Lot Size Area: 13500
Lot Size Acres: 0.31
Accessibility Features YN: No
Stories Total: Yes

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

Contract Information

Comp Sale YN: No
Original List Price: 1940000
Listing Service: Limited Service
Seller Represented YN: No

Location and Legal

Country: United States
County Or Parish: Palm Beach
Street Number: 1001
Street Direction Prefix: S
Street Name: FEDERAL
Street Suffix: Highway
Municipality Type: Incorporated
Municipal Code: 38
State Or Province: FL
Postal Code: 33460
Postal Code +4: 5138
Area: 5610
Geographic Area: PB16
Parcel Number: 38434427010390090
Subdivision Number: Yes
Zoning: MU-FH (city)
Flood Zone: AE,X
Directions: Use Navigation
Property Description: MULTI-FAMILY LESS THAN 10

Financial Information

Tax Annual Amount: 24018.37
Tax Year: 2025
Tax Assessed/SOH Value: 942286
Tax Legal Description: ADD 1 TO TOWN OF LAKE WORTH LTS 9 & 10 BLK 39
Assessor Market Value: 942286

Status Change Information

Major Change Timestamp: 2026-07-18T19:25:20Z
Major Change Type: New Listing
Status Change Date: 2026-07-18

More Information

Meter Information

Separate Electric Meters YN: Yes
Number Of Separate Electric Meters: 8
Separate Gas Meters YN: No
Separate Water Meters YN: No

Other Area Details

Living Area Other Structures: 1968
Building Area Other Structures: 2028
Adjusted Area Other Structures: 1986

Income and Expenses

Annual Total Expense: 78775
Gross Income: 199874
Gross Scheduled Income: 199874
Insurance Expense: 11542
Maintenance Expense: 3200
Manager Expense: 9994
Net Operating Income: 121100
Real Estate Taxes: 35707
Utilities Expense: 13872

Unit Details

Number Of Units Leased: 7

Description of Unit Type 1

Unit Type: 1 Bedroom
Units Total: 6
Full Baths: 6
Furnished: No

Description of Unit Type 2

Unit Type: Efficiency
Units Total: Yes
Full Baths: Yes
Furnished: No

Originating Details

Originating System Key: 20260718175728274832000000
Originating System ID: M00000170

Currently Not Used

Ownership Type: Other Ownership

Office/Member Information

DXORIGMLSID: RML

Electric

Separate Meters: Yes

Flooring

Wood: Yes

Special Listing Conditions

Standard: Yes

Documents Available

Other Available Information: Yes
Photos: Yes

Tenant Pays

Electricity: Yes
Interior Electric: Yes

Location of Property

Other: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Utilities

Electricity Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Heating

Other: Yes

Sale Includes

Building: Yes
Land: Yes

Construction Materials

CBS: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Roof

Tile: Yes

Security Features

None: Yes

Water Source

Public: Yes

Source Of Expenses

Owner Provided: Yes

Cooling

Other: Yes

Showing Requirements

24 Hour Notice: Yes
Call Owner: Yes

Acreage Description

1/4 To Less Than 1/2 Acre Lot: Yes
Less Than 1 Acre Lot: Yes

Listing Office: Home Sold Realty LLC

Last Updated: July - 18 - 2026

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1001 S FEDERAL Highway, Lake Worth Beach, FL (MLS# B26053945)