131 FEDERAL ,One Story, Quadruplex, Fourplex, Lake Worth Town Of for Sale

131 FEDERAL for Sale

Price $1,500,000.00

• Lot size 13520
• Year Build 1924
• Waterfront
• Zip 33460
• Style One Story
• Parking Description
• Pool Yes
• Status Active

Description

Federal Flats in Lake Worth Beach is a renovated 5-unit multifamily property featuring three studio apartments, one 1-bedroom/1-bathroom unit, and one spacious 3-bedroom/1-bathroom unit. The property is currently generating $9,150 in gross monthly rental income, with one studio vacant and additional income available upon lease-up. Conveniently located near downtown Lake Worth Beach, the Intracoastal Waterway, and the beach, Federal Flats offers immediate cash flow with further upside through stabilization and future rent growth.

TOWN OF LAKE WORTH LTS 15 & 16 BLK 43

1/4 To Less Than 1/2 Acre Lot, East Of US 1, Less Than 1 Acre

Federal Flats in Lake Worth Beach is a renovated 5-unit multifamily property featuring three studio apartments, one 1-bedroom/1-bathroom unit, and one spacious 3-bedroom/1-bathroom unit. The property is currently generating $9,150 in gross monthly rental income, with one studio vacant and additional income available upon lease-up. Conveniently located near downtown Lake Worth Beach, the Intracoastal Waterway, and the beach, Federal Flats offers immediate cash flow with further upside through stabilization and future rent growth.

Roof:1:Metal Roof,Sewer:1:Public Sanitation,2:Sewer,Zoning:MU-E (city),Country:United States,List A O R:BeachesMLS,Stories:1,Tax Year:2025,Heating Y N:1,List Price:1500000,Listing Id:B26053891,Mls Status:Active,Utilities:1:Cable Available,2:Electricity Available,3:Sewer Available,4:Water Available,Year Built:1924,Directions:Use Navigation,High School:Lake Worth,Living Area:3112,Postal Code:33460,Street Name:FEDERAL,Gross Income:137875,Lot Features:1:East Of US 1,2:Less Than 1 Acre,Photos Count:16,Business Type:1:Residential-Multi-Family,Listing Terms:1:Conventional,2:FHA,3:FHA 203K,Lot Size Acres:0.31,Lot Size Units:Square Feet,M I A M I R E_ Area:5610,M L S Area Major:Lake Worth Town Of,On Market Date:2026-07-18,Parcel Number:38434421150430150,Property Type:Residential Income,Stories Total:1,Street Number:131,Street Suffix:Highway,Public Remarks:Federal Flats in Lake Worth Beach is a renovated 5-unit multifamily property featuring three studio apartments, one 1-bedroom/1-bathroom unit, and one spacious 3-bedroom/1-bathroom unit. The property is currently generating $9,150 in gross monthly rental income, with one studio vacant and additional income available upon lease-up. Conveniently located near downtown Lake Worth Beach, the Intracoastal Waterway, and the beach, Federal Flats offers immediate cash flow with further upside through stabilization and future rent growth.,County Or Parish:Palm Beach County,Documents Count:1,Expiration Date:2027-01-18,List Office Name:Home Sold Realty LLC,Listing Service:Limited Service,Standard Status:Active,Window Features:1:Verticals,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:4286,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:S,Subdivision Name:LAKE WORTH TOWN OF,Tax Annual Amount:19428,Total Actual Rent:137875,Unparsed Address:131 S FEDERAL Highway, FL 33460,Elementary School:South Grade,Exterior Features:1:None,M I A M I R E_ Blogging:1,Road Frontage Type:1:U.S. Hwy,Year Built Details:Resale,Building Area Total:3112,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:13520,M I A M I R E_ L P Amt Sq Ft:482.0051,M I A M I R E_ Num Floors:1,Original List Price:1500000,Property Condition:1:Updated/Remodeled,2:Completely Renovated,Building Area Source:Owner,I D X Participation Y N:1,Net Operating Income:88466,Number Of Units Total:4,Syndication Remarks:Federal Flats in Lake Worth Beach is a renovated 5-unit multifamily property featuring three studio apartments, one 1-bedroom/1-bathroom unit, and one spacious 3-bedroom/1-bathroom unit. The property is currently generating $9,150 in gross monthly rental income, with one studio vacant and additional income available upon lease-up. Conveniently located near downtown Lake Worth Beach, the Intracoastal Waterway, and the beach, Federal Flats offers immediate cash flow with further upside through stabilization and future rent growth.,Listing Contract Date:2026-07-18,Originating System I D:miamire,Showing Instructions:24 Hour Notice,Call Owner,Elect Lockbox - Call Owner,Street Number Numeric:131,Tax Legal Description:TOWN OF LAKE WORTH LTS 15 & 16 BLK 43,M I A M I R E_ Current Price:1500000,Middle Or Junior School:Lake Worth Community Middle,Construction Materials:1:Frame With Stucco,M I A M I R E_ Municipal Code:38,M I A M I R E_ Num Leases Year:1,M I A M I R E_ Year Installed:1924,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Geographic Area:Palm Beach 5600; 5610; 5620; 5630; 5640,M I A M I R E_ Parcel Number M L X:3843,M I A M I R E_ Supplement Count:4,Contract Status Change Date:2026-07-18,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Number Of Units In Community:4,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:15,M I A M I R E_ Acreage Description:1/4+ To 1/2 Acre,M I A M I R E_ Environmental Audit:None,M I A M I R E_ Num Times Leased Year:1,M I A M I R E_ Agent Alternate Phone:833-700-2782,M I A M I R E_ Approx Sqft Total Area:13520,Internet Entire Listing Display Y N:1,M I A M I R E_ Dade Market Amt Assessed Amt:772580,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:482.01,Internet Automated Valuation Display Y N:1,