1331 N Federal Hwy Unit 1, Lake Worth Beach, FL, 33460

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1331 N Federal Hwy Unit 1, Lake Worth$750,000

Buyer Closing Credits

$8,906^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeDuplex

Year Built1956

CoolingCentral Air, Ceiling Fan(s), Window Unit(s)

WaterfrontNone

ViewGarden

MLS #RX-11039916

StatusActive

About 1331 N Federal Hwy Unit 1

Welcome to Lake Worth Beach! This exceptional investment property with an excellent cap rate is ready for it new owners! This is for anyone looking to capitalize on its prime location and turnkey setup. The property includes a 3-bed/3-bath unit and a 2-bed/1-bath unit, along with a 264 sq ft under-air storage room w/ carport. Zoned commercial multifamily (>10 units). The property has a newer roof, brand-new impact windows/doors, and fully upgraded kitchens & baths. Designated parking spaces, and separate entrances, offering convenience and privacy for guests. Situated on a corner lot, this low-maintenance property is just 1 mile to the beach and steps from downtown nightlife, restaurants, and bars. FULLY FURNISHED and beautifully decorated, the property is ready for immediate rentals!

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Property Details

Property Features

Property Information:

• Year Built: 1956
• Stories: 1
• Living Area: 1,990 SqFt

Listing Office:

• Office Name: Coastal Classic Realty
• Office Phone: (561) 523-2624
• Listing Agent: Blair Ann Alshut

Interior Features

Interior Information:

• Flooring Type: Ceramic Tile, Tile

Exterior Features

Exterior Information:

• Private Pool: No
• Waterfront: None
• View: Garden
• Exterior: Covered Patio, Fence, Open Patio, Open Porch

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• Virtual Tour: 1331 N Federal Hwy Unit 1

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Lot Features

Lot Information:

• Lot: Corner Lot, Paved, Sidewalk

Utilities

Utilities Information:

• Cooling: Central Air, Ceiling Fan(s), Window Unit(s)

Other

Directions Information:

• Directions: I95 to 10th Ave N Lake Worth Beach go east. pass Dixie (Tuppens) and go to N Federal Hwy make a left. Property on your left about 3 blocks down

Price Information

Listing Price Info

Price Summary:

• List Price: $750,000
• Price Per SqFt: $377/SqFt

HOA Fees:

• Amount: $0
• Frequency: Monthly

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Housing Market Comparison

See how this home compares to others in Lake Worth, FL.

Lake Worth, FL

City

Med. Sold Price

$459.8K

Med. Price/SqFt

$273

Avg. Days On Market

51

# of Sold Homes

120

1331 N Federal Hwy Unit 1 vs Lake Worth

23 DAYS ON ROCKET

-28 Days

$750,000

+$290.1K More

$377/SqFt

+$103 More

KEY TAKEAWAY

This property is $290.1K more than the Median Sold Price and $103/SqFt more than other homes in Lake Worth, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Number: #RX-11039916

Listing Office:

• Office Name: Coastal Classic Realty
• Office Phone: (561) 523-2624
• Listing Agent: Blair Ann Alshut

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 1:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

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**Disclosures

Rocket Homes›Florida›Palm Beach County›Lake Worth›33460›1331 N Federal Hwy Unit 1

This home is located at 1331 N Federal Hwy Unit 1 in Lake Worth Beach, FL and zip code 33460 in the Eden Place neighborhood. This 1,990 square foot home was built in 1956. It has been listed on Rocket Homes since November 24, 2024 and is currently priced at $750,000.

While more than 23 listings in Lake Worth, FL in November 2024 were sold above asking price, there were more than 17 listings sold at asking price, and more than 80 were sold below. Between October 2024 and November 2024, Lake Worth, FL real estate market has seen increase in the number of listings by 9.6%. In November 2024, listings were on the market for 51 days. During the same period, the median list price in this real estate market was $459,897.

From Rocket Homes Real Estate and based on county public records data.