Modern Living Group
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$449,000ACTIVE

923 N FEDERAL Highway, Lake Worth Beach, FL 33460

—beds0baths592sq ft$758/ sq ft
THE RESIDENCE

About this home

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 per month, for a total monthly rental income of $4,200 ($50,400 annually). There is additional potential to increase rents and maximize your return on investment! The property features frame construction, freshly painted interiors and exteriors, and a roof in good condition. Each unit offers comfortable living spaces with plenty of charm. Additional highlights include separate water and electric meters, on-site laundry

THE DETAILS

Property details

List Price$449,000
Price / Unit$112,250
Units4
Cap Rate5.45%
Gross Income$28,200/yr
Net Operating Income$24,458
Inside Sq Ft592
Year Built1925
ConstructionFrame
ZoningMU-FH (city)
Lot Dimensions0.1550 ACRES
Property TypeDuplex
MLS #B26096155
StatusActive
Original List Price$449,000
GRM15.9
Tenant PaysCable TV, Electricity, Repairs
Stories1
Show all details (8 more)
Lot Size0.16 acres
WaterfrontNo
ViewOther
Days on Market1
Annual Taxes$5,960
FlooringTile
CityLake Worth Beach
Zip Code33460
LOCATION

Where you'll live

Jonathan Santiago
FEATURED AGENT
Jonathan Santiago
Luxury Specialist

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