215 North Federal Highway, Unit 1

Lake Worth Beach, FL 33460

$1,495,000
Price
Beds
2,814 Sq. Ft.
$531 / Sq. Ft.
2,814
Sq. Ft.
$531
per Sq. Ft.

Description

Rare opportunity to live and work in a commercially zoned single family home and pay your mortgage with the income from three units in the back building! The main house is a large 3BD/1BA with three 2BD/1BA units located in the rear two-story building. This is a turn-key investment property sold fully equipped and furnished. There is a huge fenced outdoor patio and dining area, common area laundry/storage facility, and two driveways. Colorful murals painted by a local artist add to the laid back...Rare opportunity to live and work in a commercially zoned single family home and pay your mortgage with the income from three units in the back building! The main house is a large 3BD/1BA with three 2BD/1BA units located in the rear two-story building. This is a turn-key investment property sold fully equipped and furnished. There is a huge fenced outdoor patio and dining area, common area laundry/storage facility, and two driveways. Colorful murals painted by a local artist add to the laid back charm. Great downtown location with plenty of parking! Lake Worth Beach is a beach lovers destination with public amenities including a pier, restaurants, parking, and many beach services. Close to everything including PBI airport and West Palm Beach. This is a must see!
  1. Listed by Michael S Cuevas • Acquire Palm Beach LLC
  2. Listed by Cynthia Nalley • Acquire Palm Beach LLC

Property Details for 215 North Federal Highway, Unit 1

Subdivision
LAKE WORTH BEACH
Waterfront
No
Waterfront Details
None
View
Garden
Style
No Pool/No Water

Location

Listing Courtesy of Acquire Palm Beach LLC
Add your commute
LISTING UPDATED: 04/13/2024 10:27 AM

Property Details for 215 North Federal Highway, Unit 1

StatusActive
MLS #RX-10950180
Days on Market110
Taxes$9,794 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quad Plex
Year Built1921
Lot Size0.15 AC / 6,504 SF
CountyPalm Beach County

Building

Town Of Lake Worth

2 StoriesBuilt in 1921

Location

Listing Courtesy of Acquire Palm Beach LLC
Add your commute

Building Information for 215 North Federal Highway, Unit 1

Stories2Residences-Year Built1921Building Size-Lot Size0.15 AC / 6,504 SF

Payment Calculator

$8,975 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,159

Property Taxes

$816

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 215 North Federal Highway, Unit 1

Summary
Location and General Information
  • Property Condition: Resale
  • Directions: From I95 take 10th Ave N exit east to Federal Highway and turn right. Property is on the right.
  • Elementary School: North Grade Elementary School
  • Middle School: Lake Worth Community Middle
  • High School: Lake Worth High School
  • Geo Area: Palm Beach 5600; 5610; 5620; 5630; 5640
  • Street Number: 215
  • Subdivision Complex Bldg: LAKE WORTH BEACH
  • Municipal Code: Lake Worth Beach
  • State: FL
  • City Postal ID: 33460
  • MLS Area: 5610
  • MLS Sub Area: PB16
Parking
  • Carport Spaces: 1
Taxes and HOA Information
  • Comm/Trans Brk: 2.5%
  • HOPA: No Hopa
  • Tax Year: 2023
  • HOA Dues: $0
Property
Lot Information
  • Area: 5610
  • HOA Amenities: None
  • Lot Description: < 1/4 Acre, East of US-1
  • Parcel ID: 38434421150440130
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Sq Ft Total: 4,237
  • Square Ft Source: Tax Rolls
  • Zoning: MU-E Mixed Use
Property and Assessments
  • Legal Desc: TOWN OF LAKE WORTH LT 13 /LESS E 5 FT SR R/W/ BLK 44
  • Sq Ft Liv Area: 2814.0
  • Legal Description: TOWN OF LAKE WORTH LT 13 /LESS E 5 FT SR R/W/ BLK 44
Utilities
  • Utilities: Cable, Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Construction: Frame Construction
  • Exterior Features: Auto Sprinkler, Extra Building, Fence, Open Balcony, Open Porch
  • Private Pool: No
  • Storm Protection: None
  • Subdiv Amenities: None
  • Gated Community YN: No
  • Structure Type: Quadruplex
Interior Features
  • Roof: Tar/Gravel
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: No
  • Cooling: Ceiling Fan, Wall-Win A/C
  • Flooring: Tile, Vinyl Floor, Wood Floor
  • Heating: Window/Wall
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $115,200.00
  • Income & Expenses: Annual Total Expense: $28,800.00
  • Income & Expenses: Gross Operating Inc: $144,000.00
  • Tenant Pays: None
Unit 1
  • Unit 1 Desc: A/C Unit, Dishwasher, Disposal, Dryer, Kitchen, Laundry, Microwave, Patio, Range - Gas, Refrigerator, Smoke Detector, Washer
  • Unit 1 Info: Bedrooms: 3
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: Yes
  • Unit 1 Info: Monthly Income: 3,600
  • Unit 1 Info: SqFt: 1130.0
  • Unit 1 Parking: Carport - Attached, Space Parking
Unit 2
  • Unit 2 Desc: A/C Unit, Built-in Shelves, Dryer, Kitchen, Laundry, Microwave, Range - Electric, Refrigerator, Smoke Detector, Washer
  • Unit 2 Info: Bedrooms: 2
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: Yes
  • Unit 2 Info: Monthly Income: $2,800
  • Unit 2 Info: SqFt: 559.0
  • Unit 2 Parking: Space Parking
Unit 3
  • Unit 3 Desc: A/C Unit, Built-in Shelves, Dryer, Kitchen, Laundry, Microwave, Range - Electric, Refrigerator, Smoke Detector, Washer
  • Unit 3 Info: Bedrooms: 2
  • Unit 3 Info: Full Bath: 1
  • Unit 3 Info: Furnished: Yes
  • Unit 3 Info: Monthly Income: $2,800.00
  • Unit 3 Info: SqFt: 559.0
  • Unit 3 Parking: Space Parking
Unit 4
  • Unit 4 Desc: A/C Unit, Dryer, Kitchen, Laundry, Microwave, Range - Electric, Refrigerator, Smoke Detector, Washer
  • Unit 4 Info: Bedrooms: 2
  • Unit 4 Info: Full Bath: 1
  • Unit 4 Info: Furnished: Yes
  • Unit 4 Info: Monthly Income: $2,800.00
  • Unit 4 Info: SqFt: 520.0
  • Unit 4 Parking: Space Parking
Rental
Rental Information
  • Pets on Premises: No

Property History for 215 North Federal Highway, Unit 1

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 215 North Federal Highway, Unit 1

Taxable ValueLand$136,113Additions$220,776Total$356,889
Tax Record2023$9,794 ($816 / month)
Home Facts
Beds2Baths4Total Finished SqFt1,008 SqFtAbove Grade Finished SqFt1,008 SqFtStories1Lot Size6,504 SqFtStyleSingle Family ResidenceYear Built1921Year Renovated1955ZoningMU-ECountyPALM BEACHAPN38-43-44-21-15-044-0130

Schools near 215 North Federal Highway, Unit 1

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 12
Public - K to 8
Public - 6 to 8
Charter - 9 to 12
Rating
School
Distance
Lake Worth High School
PublicPK to 12

North Grade Elementary School
PublicK to 8

Lake Worth Community Middle School
Public6 to 8

Palm Beach Preparatory Charter Academy
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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215 North Federal Highway, Unit 1 is a multi-family home for sale in Lake Worth Beach, FL 33460. This property was listed for sale on January 12, 2024 by Acquire Palm Beach LLC, it's currently listed at $1,495,000. It has been on the market for a total of 110 days and was last sold on September 28, 2018. This listing's school district is Palm Beach. Nearby schools include Lake Worth High School, North Grade Elementary School and Lake Worth Community Middle School. 215 North Federal Highway, Unit 1 is a 0-bed, 0-bath, 2,814 sqft multi-family home built in 1921.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Acquire Palm Beach LLC

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.