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Dennis Lue Yat

dennis@luxeiq.com +1(561) 589-1400

$1,495,000

Est. payment - /mo

4,242 SqFt

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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,242 sqft

Price per Sqft $352

MLS Listing ID B26045347

Construction Status Resale

HOA Y/N No

Year Built 1950

Annual Tax Amount $23,823

Tax Year 2025

Lot Size 0.300 Acres

Acres 0.3

Property Sub-Type Multi Family

Property Description

Cash flow 8 unit building in perfect pocket in Lake Worth Beach. Consists of two- 4plex buildings on attractively landscaped large lot. Includes off street parking for 8 cars and a laundry facility. Most units have been redone in the last few years. Nicely landscaped. Lake Worth Beach, Florida is a vibrant coastal city in Palm Beach County, offering the perfect blend of small-town charm and big-city accessibility. Located just minutes from the Atlantic Ocean, the city features beautiful beaches, a lively downtown with shops, restaurants, and cultural venues along the Intracoastal Waterway, and a strong sense of community. Location: Centrally positioned between West Palm Beach (10-15 minutes north) and Delray Beach/Boca Raton (south). Easy access to I-95, Florida's Turnpike, and Palm Beach International Airport. Amenities: World-class dining, arts scene (including the Lake Worth Playhouse), weekly green market, golf courses, parks, and marinas. Excellent public and private schools. Demographics & Economy: Population ~42,000 with a diverse, growing community. Median household income around $55,000-$65,000 (with strong appreciation in recent years). Tourism, healthcare, and tech/retail drive the local economy. The area attracts both investors and end-users seeking affordable coastal living compared to neighboring markets. Real Estate Market: Strong demand for multifamily properties due to population growth, rental demand, and redevelopment. Lake Worth Beach continues to see revitalization, making it an attractive pocket for cash-flowing assets like this 8-unit building.

Location

State FL

County Palm Beach

Area 5610

Zoning MU-FH (city)

Interior

Interior Features InteriorFeatures

Heating None

Cooling Wall/Window Unit(s)

Flooring Ceramic Tile, Laminate, Linoleum, Terrazzo, Tile, Vinyl

Fireplace No

Exterior

Parking Features Free Parking

Fence Partial

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected

Water Access Desc Public

Roof Type Shingle

Street Surface Asphalt

Accessibility None

Road Frontage City Street

Total Parking Spaces 8

Building

Lot Description 1/4 to 1/2 Acre Lot

Story 1

Entry Level One

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Concrete,Stucco

New Construction No

Construction Status Resale

Others

Tax ID 38434427010080020

Security Features None,Smoke Detector(s)

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/626-S-Federal-Highway-Unit-5-Lake-Worth-Beach-FL/unbranded

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Listed by John Bols JD Bols & Associates

Nearby School & Business

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Dennis Lue Yat

+1(561) 589-1400

Broker | REALTOR® | SL3301099

Broker | REALTOR® SL3301099

Popular Cities & Towns In Palm Beach County

626 S Federal HWY #5 Lake Worth Beach, FL

Dennis Lue Yat

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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