1625 Federal Hwy ,Detached, Quadruplex, Blackwell Park Rev Pl for Sale

1625 Federal Hwy for Sale

Price $799,900.00

• Lot size 1806
• Year Build 1950
• Waterfront
• Zip 33460
• Style Detached
• Parking Description
• Pool Yes
• Status Active

Description

Quadplex in Lake Worth featuring four, one-bed/one-bath units split between two one-story buildings, built in 1950 with concrete block construction and a rolled roof (2006). Both buildings feature GE & Square D panels (2020), copper supply pipes (2018/2023), mini split AC?s (2021), & impact doors. The building is separately metered for electricity, the owner pays for water. Unit 2 is fully furnished and being run as a short term rental. This Quadplex is located 5 minutes from the beach and less than a mile from Lantana Rd featuring easy access to Lantana Airport, Lost City Golf Club, Sport Complex, Publix, Costco, Home Depot, and well-known restaurants. Excellent opportunity for an owner occupant or investor to purchase a stable, cash flowing asset in a great area, with tremendous upside.

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11433638 Please use ShowingTime to schedule a tour. Please do not disturb tenants. See attachments for offering memorandum with financials, insurance quote, 4-point report, building sketch, and City of Lake Worth Beach future land use information.

REVISED PL OF BLACKWELL PARK LTS 14 & 16

Less Than 1/4 Acre Lot

Quadplex in Lake Worth featuring four, one-bed/one-bath units split between two one-story buildings, built in 1950 with concrete block construction and a rolled roof (2006). Both buildings feature GE & Square D panels (2020), copper supply pipes (2018/2023), mini split AC?s (2021), & impact doors. The building is separately metered for electricity, the owner pays for water. Unit 2 is fully furnished and being run as a short term rental. This Quadplex is located 5 minutes from the beach and less than a mile from Lantana Rd featuring easy access to Lantana Airport, Lost City Golf Club, Sport Complex, Publix, Costco, Home Depot, and well-known restaurants. Excellent opportunity for an owner occupant or investor to purchase a stable, cash flowing asset in a great area, with tremendous upside.

City:Lake Worth,Zoning:MU-FH,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2022,Flooring:1:Vinyl,Latitude:26.5953786,Cooling Y N:1,Heating Y N:1,List Price:799900,Listing Id:A11433638,Longitude:-80.0528544,Mls Status:Active,Year Built:1950,Directions:Continue on W Lantana Rd and turn onto 17th Ave S,Living Area:1806,Postal Code:33460,Street Name:Federal Hwy,Coordinates:1:26.5953786,Photos Count:46,Building Name:BLACKWELL PARK REV PL,Days On Market:2,Listing Terms:1:Conventional,2:FHA,3:VA Loan,Lot Size Units:Square Feet,M L S Area Major:Blackwell Park Rev Pl,On Market Date:2023-08-23,Parcel Number:38434434040000140,Parking Total:5,Property Type:Residential Income,Rent Includes:1:Sewer,2:Trash Collection,3:Water,Stories Total:1,Street Number:1625,M I A M I R E_ Style:Fourplex,Public Remarks:Quadplex in Lake Worth featuring four, one-bed/one-bath units split between two one-story buildings, built in 1950 with concrete block construction and a rolled roof (2006). Both buildings feature GE & Square D panels (2020), copper supply pipes (2018/2023), mini split AC?s (2021), & impact doors. The building is separately metered for electricity, the owner pays for water. Unit 2 is fully furnished and being run as a short term rental. This Quadplex is located 5 minutes from the beach and less than a mile from Lantana Rd featuring easy access to Lantana Airport, Lost City Golf Club, Sport Complex, Publix, Costco, Home Depot, and well-known restaurants. Excellent opportunity for an owner occupant or investor to purchase a stable, cash flowing asset in a great area, with tremendous upside.,Structure Type:1:Fourplex,County Or Parish:Palm Beach County,Expiration Date:2023-11-23,List Office Name:Keller Williams Central,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:5896,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:S,Subdivision Name:BLACKWELL PARK REV PL,Tax Annual Amount:6705,Unparsed Address:1625 S Federal Hwy, Lake Worth FL 33460,Listing Agreement:Exclusive Right To Sell,Year Built Details:Effective Year Built,Building Area Total:1806,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:442.9125,Original List Price:799900,Public Survey Range:38,Building Area Source:Appraisal,Documents Available:1:Rent Rolls,I D X Participation Y N:1,Number Of Units Total:4,Syndication Remarks:Quadplex in Lake Worth featuring four, one-bed/one-bath units split between two one-story buildings, built in 1950 with concrete block construction and a rolled roof (2006). Both buildings feature GE & Square D panels (2020), copper supply pipes (2018/2023), mini split AC?s (2021), & impact doors. The building is separately metered for electricity, the owner pays for water. Unit 2 is fully furnished and being run as a short term rental. This Quadplex is located 5 minutes from the beach and less than a mile from Lantana Rd featuring easy access to Lantana Airport, Lost City Golf Club, Sport Complex, Publix, Costco, Home Depot, and well-known restaurants. Excellent opportunity for an owner occupant or investor to purchase a stable, cash flowing asset in a great area, with tremendous upside.,Listing Contract Date:2023-08-23,Originating System I D:miamire,Public Survey Section:34,Showing Instructions:Showing Assist,Street Number Numeric:1625,Tax Legal Description:REVISED PL OF BLACKWELL PARK LTS 14 & 16,Public Survey Township:38,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:$1,M I A M I R E_ Adjusted Area S F:1806,Contract Status Change Date:2023-08-23,Internet Address Display Y N:1,Number Of Units In Community:4,Internet Consumer Comment Y N:1,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:442.91,Internet Automated Valuation Display Y N:1,