Prime Location: Situated on North Federal Highway, this property benefits from high visibility and easy accessibility, attracting a steady flow of potential customers and tenants.
The main house consists of 4 bedrooms and 1 bathroom, the rear building consists of three 2 bedrooms 1 bath apartments. Parking for the rear units accessible on the church parking lot. The main house has a private yard with deck and yard space. This investment is perfect for a buyer who would like to live in the main house and lease out the 3 apartments in a separate building at the rear of the property, or lease the units as an Airbnb or annual rentals. The NOI is based on Airbnb rental income with a 18% vacancy factor.
• Proximity to Attractions: Located just minutes from downtown Lake Worth Beach and the Atlantic Ocean, this property offers convenience and lifestyle appeal, attracting a steady flow of visitors, tourists, and potential tenants.
• Investment Growth: Situated in a rapidly developing area with increasing property values, this investment promises strong appreciation potential, making it a smart choice for long-term returns and portfolio growth.
LIST PRICE: $1,687,653
Highlights
Beach Access: Located just a short drive from the beach, the property is attractive for those looking to enjoy coastal living and for businesses catering to tourists and beachgoers.
Mixed-Use Potential: The property’s zoning allows for a mix of commercial and residential uses, offering flexible investment
opportunities and diverse revenue streams.