626 S Federal Highway Unit 5

FL 33460
$1,495,000
Cash flow 8 unit building in perfect pocket in Lake Worth Beach. Consists of two- 4plex buildings on attractively landscaped large lot. Includes off street parking for 8 cars and a laundry facility. Most units have been redone in the last few years. Nicely landscaped.
Courtesy of John Bols, JD Bols & Associates, 619-301-6383.
Listing Snapshot
Days Online
0
Last Updated
Property Type
Multi Family
Lot Size
0.3 Acres
Year Built
1950
MLS Number
B26045347
30 Days Snapshot Of 33460
$1.06M
+224%
(avg) sold price
32
+966%
homes sold
81
+189%
(avg) days on market
Snapshot
Area Map
Additional Details
Heating
Heating: None
Property Access
Road Frontage Type: City Street, City/County Maintained, City, Road Responsibility: Public Maintained Road
Building
Construction Materials: Concrete Block Construction, Slab Construction, Stucco, Levels: 1, Stories: 1, Year Built: 1950, Year Built Details: Resale, Building Area Total: 4242, Building Features: Medium Traffic, Pedestrian Traffic, Structure Type: Multi Family
Community
Units In Community: 8
Cooling
Cooling: Wall/Window Unit(s)
Expenses
Insurance Expense: 6000, Operating Expense: 54900, Other Expense: 11100
Floors
Flooring: Ceramic Floor, Terrazzo, Tile, Vinyl
Water Features
Water Source: "Public"
Income
Gross Income: $146,040, Gross Scheduled Income: $146,040, Net Operating Income: $90,040
Lot
Acres: 0.3, Features: 1/4 To Less Than 1/2 Acre Lot, Less Than 1 Acre
Miscellaneous
Inclusions: Building Only, Business And Building
Parking
Parking Total: 8, Features: Free Parking
Property
Leasable Area Units: Square Feet, Leasable Area: 4242
Roof
Roof: Comp Shingle Roof, Shingle
Security Features
Features: No Fire Protection, Smoke Alarm, Smoke Detector(s), Smoke Detector, No Security
Sewer
Sewer: Public Sewer, Public Sanitation, Sewer
Taxes
Parcel Number: 38434427010080020, Tax Annual Amount: $23,823, New Taxes Expense: 24000, Tax Legal Description: ADD 1 TO TOWN OF LAKE WORTH LTS 2 & 3 (LESS W 5 FT) BLK 8, Tax Year: 2025
Utilities
Electric On Property YN: t, Electric: 100 Amp Service, Utilities: Cable Available, Electricity Available, Natural Gas Available
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Antonio Correa
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