About 1120 S Federal Hwy
LOCATION Incredible! Great Zoning: Residential, and Commercial, Mixed-use, Retail or Medical. Currently Multifamily use. 3 min walk to the Intracoastal and only 5 minutes drive to the golden sands of Palm Beach Island - home to many billionaires, this exceptional property offers a rare blend of lifestyle and investment potential. The second floor alone generates an annual gross rental income of $28,200. One part of the first floor (room) is currently leased for $14,400 annually, while the other half, currently owner-occupied, potential for an additional $22,800 in yearly income. It set on a spacious lot with ample parking; the property includes a charming 112-square-foot patio and a large yard offering room to build or expand in the future. Walk to $70 million luxury hotel renovation.
Features of 1120 S Federal Hwy
| MLS® # | RX-11124535 |
|---|---|
| Price | $699,000 |
| Bedrooms | 3 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 1,812 |
| Acres | 0.16 |
| Year Built | 1961 |
| Type | Multi-Unit |
| Sub-Type | Duplex |
| Style | No |
| Status | Active |
Community Information
| Address | 1120 S Federal Hwy |
|---|---|
| Area | 5600 |
| Subdivision | LAKE WORTH TOWN OF ADD 1 |
| City | Lake Worth Beach |
| County | Palm Beach |
| State | FL |
| Zip Code | 33460 |
Amenities
| Utilities | 3-Phase Electric, Gas Natural, Public Sewer, Public Water, Water Available |
|---|---|
| Parking Spaces | 1 |
| View | Garden |
| Is Waterfront | No |
| Waterfront | Intracoastal, One Bridge |
| Has Pool | No |
| Pool | Concrete |
Interior
| Heating | Electric |
|---|---|
| Cooling | Ceiling Fan, Electric, Gas |
| # of Stories | 2 |
Exterior
| Exterior Features | Fruit Tree(s) |
|---|---|
| Lot Description | < 1/4 Acre, Paved Road, Public Road, Sidewalks |
| Windows | Impact Glass |
| Roof | Comp Shingle |
| Construction | Block, Concrete, Frame/Stucco |
School Information
| Middle | Lake Shore Middle School |
|---|---|
| High | Palm Beach Lakes High School |
Additional Information
| Zoning | MU-FH( |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Coldwell Banker |
|---|