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215 N Federal Hwy
Lake Worth, FL 33460 Mango Groves

$1,687,653 USD

Apartments For Sale • 4,237 SF

Property Details

Property Type Apartments
Total Building Size 4,237 SF
Lot Size 0.15 AC
Building Class C
Year Built 1921
Cap Rate 8.56 %
Zoning MU-E

0 Transit Score

87 Walk Score

                
                    Highlights
                
                                The main house consists of 4 bedrooms and 1 bathroom, the rear building consists of three 2 bedrooms 1 bath apartments.
                            
                                 Located just a short drive from the beach, the property is attractive for those looking to enjoy coastal living.
                            
                                zoning allows for a mix of commercial and residential uses, offering flexible investment opportunities and diverse revenue streams.
                            
                                Located just minutes from downtown Lake Worth Beach.

Financial Summary (Actual)

Net Operating Income: $144,405 USD (2023)

Cap Rate:	8.56 %
Total Expenses:	$40,137 USD

Amenities

Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
Lake Worth (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	6 min	8 min	0.4 mi
Boynton Beach (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	11 min	-	6.3 mi
Airport	Drive	Walk	Distance
Palm Beach International	15 min	-	8.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	Surface
Included in Rent:	Yes

David Joseph 561-789-7726 The Keyes Company

215 N Federal Hwy Lake Worth, FL 33460 Mango Groves