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2507 N Federal Highway

Lake Worth, FL 33460
  • $1,399,000
  • STATUS: Active
  • ON SITE: 46 Days
  • ID#: RX-10853587
UPDATED: 18 min ago
$1,399,000
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,676
    SQFT
  • $381
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1926
County:
Area:

School Ratings & Info

Description

An incredible opportunity awaits with this Spanish Mission estate in the very desirable area of college park! Current owners have been very successful in offering the entire property to rent as a whole (short-term rental with sleeping for up to 16 people), or individually as a 4-bedroom house and two 1-bedroom apartments with full kitchenettes and mini-split HVAC (2021) and separate entrances. This unique Estate was built in 1926 and features a double lot (. 28 acres), pool, and an updated kitchen with the possibility of adding a garage, or additional sq. footage and parking for up to 6 vehicles. The main house has amazing original hardwood floors, hollow tile construction, a stone fireplace, a formal sitting room, soaring 10 ft. ceilings throughout, a chef's gas range kitchen,and craftsman-style interior features throughout. The apartments are true one-bedroom units and can be used as short-term rentals or annual leases. Live in the main home and subsidize your mortgage with the two apartments. The possibilities are endless! Please make sure to check out the 3D virtual walk-through and schedule an appointment today, property can be purchased turn-key! Less than 20 blocks from downtown Lake Worth, 15 min from downtown West Palm Beach, close to beaches, and within a 15-minute commute to the PBI Airport.

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www.mrcflorida.com/homes/135548943
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2507 N Federal Highway Lake Worth, FL 33460

  • Price: $1,399,000
  • Status: Active
  • On Site: 46 Days
  • Updated: 18 min ago
  • ID#: RX-10853587
0
Beds
0
Baths
0
½ Baths
0.28
Acres
3,676
SQFT
$381
$/SQFT
1926
Built
Neighborhood:
College Park
County:
Palm Beach
Area:
Lake Worth
Property Description
An incredible opportunity awaits with this Spanish Mission estate in the very desirable area of college park! Current owners have been very successful in offering the entire property to rent as a whole (short-term rental with sleeping for up to 16 people), or individually as a 4-bedroom house and two 1-bedroom apartments with full kitchenettes and mini-split HVAC (2021) and separate entrances. This unique Estate was built in 1926 and features a double lot (. 28 acres), pool, and an updated kitchen with the possibility of adding a garage, or additional sq. footage and parking for up to 6 vehicles. The main house has amazing original hardwood floors, hollow tile construction, a stone fireplace, a formal sitting room, soaring 10 ft. ceilings throughout, a chef's gas range kitchen,and craftsman-style interior features throughout. The apartments are true one-bedroom units and can be used as short-term rentals or annual leases. Live in the main home and subsidize your mortgage with the two apartments. The possibilities are endless! Please make sure to check out the 3D virtual walk-through and schedule an appointment today, property can be purchased turn-key! Less than 20 blocks from downtown Lake Worth, 15 min from downtown West Palm Beach, close to beaches, and within a 15-minute commute to the PBI Airport.
Exterior Features

Boat Services Ramp Carport Spaces 0.00 Construction CbsHollow Tile Exterior Features Open PatioZoned Sprinkler Lot Description 1/4 To 1/2 Acre Lot Dimensions 115.0 Ft X 105.0 Ft Private Pool Description Inground Private Pool YN Yes Roof Comp Rolled Unit1 Parking Space Parking Unit2 Parking Space Parking Unit3 Parking Space Parking View Pool Waterfront Description None Waterfront YN No

Interior Features

Cooling Central Building Flooring OtherWood Floor Heating Central Unit1 Bedrooms 4 Unit1 Desc DishwasherDryerElectric MeterFoyerKitchenLaundryMicrowaveRange - GasRefrigeratorSeparate DiningSplit BedroomsVolume Ceiling Unit1 Full Baths 1 Unit1 Furnished No Unit1 Half Baths 1 Unit1 Sq Ft 2626 Unit2 Bedrooms 1 Unit2 Desc A/C UnitDisposalKitchenMicrowaveRefrigerator Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 525 Unit3 Bedrooms 1 Unit3 Desc A/C UnitKitchenMicrowaveRange - ElectricRefrigerator Unit3 Full Baths 1 Unit3 Furnished No Unit3 Sq Ft 525 Unit4 Sq Ft 0

Property Features

Annual Net Operating Income 85000.00 Annual Total Expenses 32069.00 Auction No Available Info Accounting Built Desc Resale Development Name College Park Gated Community No Gross Operating Income 100000.00 Hoa Fee Per Month 0.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Maintenance Fee Includes None Multifamily Type Triplex Possession At ClosingFunding REO No Restrictions None Separate Electric Meters Yes Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Owner Sq Ft Total 3726.00 Subdivision Amenities Bike - JogBoatingGolf CourseSidewalks Tax Amount 14407.00 Tax Year 2022 Taxes City/County Tenant Pays CableElectricSewerWater Terms Considered CashConventional Unit1 Monthly Income 4500.00 Unit2 Monthly Income 1500.00 Unit3 Monthly Income 1500.00 Unit4 Monthly Income 0.00 Utilities CableElectricGas NaturalPublic SewerPublic Water Zoning Sf-7(C

Listing provided courtesy of Redfin Corporation: [IDXCONTACTINFORMATION]. Listing information © 2023 BeachesMLS
 
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Metro Realty Corp.
11471 W Sample Rd #40
Coral Springs FL, 33065