1317 N Federal Highway, Lake Worth Beach, FL 33460

Property Description

Welcome to an exceptional investment opportunity - a True QuadPlex perfectly situated just 2 blocks from the prestigious College Park, offering the convenience of a short stroll to downtown Lake Worth and Lake Worth Beach. This robust CBS construction property features a total of 8 bedrooms and 4 bathrooms, providing a solid foundation for an investor's dream. Step inside to discover updated interiors, including modern kitchens, bathrooms, and flooring, ensuring a contemporary and comfortable living experience. Recent rental comparables suggest a strong market demand, with potential rents exceeding $2,000 per month per unit, making this QuadPlex a lucrative prospect. Unit 3, currently vacant, adds versatility to the investment. With the new Fannie Mae 5% down program, it presents an attractive opportunity for an owner-occupant or immediate rental. Each unit boasts its own central HVAC unit, offering tenants individualized comfort. An investment priced at $220,000 per door, this QuadPlex aligns with market rates, as indicated by recent data from RentoMeter, stating an average rental rate of $2,631/month and a median of $2,570/month for a 2-bedroom, 1-bath unit in this sought-after location. The property's MU-FH Mixed-Use Federal Hwy zoning enhances its appeal, providing versatility for potential future uses. Built in 1973, this QuadPlex stands out with its newer construction, potentially minimizing maintenance costs. Don't miss out on this unique investment opportunity that combines location, modern amenities, and income potential. Whether you're a seasoned investor or an owner-occupant seeking strategic value, this True QuadPlex offers a rare blend of features in the heart of Lake Worth. Schedule a showing today and explore the possibilities that this property holds for you.