Multifamily in Lake Worth Beach, FL 33460

Lake Worth Town, 131 S Federal Hwy

Welcome to this charming and enchanting 5 unit property, nestled near the heart of trendy downtown Lake Worth. With its timeless appeal and old Florida charm, this hidden gem offers an incredible investment opportunity. All units have been recently and tastefully updated inside with tenants in place. This property would also make an incredible AirBnB/Short term rental property as well as downtown Lake Worth is 1 block away and you can walk or bike to restaurants, intracoastal and the beach! The property is also zoned for Mixed use meaning the possibilities with this property are limitless. Situated on a large corner .31 acre lot offering off street parking for all tenants and a garage for storage. This one would make in incredible addition to anyone's investment portfolio! The main home is a 3/1 and currently rents for $2500 a month. The 4 units in the back are 3 studios and 1 one bedroom. The one bedroom is rented for $2000 a month and the three studios are range between $1700 and $1800 a month. The possibility of the home being rented out short-term with great returns are very high with Lake Worth experiencing a surge in popularity and continued growth, this property is poised to deliver not only a charming place to reside but also a lucrative return on investment. The strong rental market in the area ensures a steady income stream, making this an enticing opportunity for investors seeking both immediate and long-term financial gains.