1120 S Federal Highway

LOCATION Incredible! Great Zoning: Residential, and Commercial, Mixed-use, Retail or Medical. Currently Multifamily use. 3 min walk to the Intracoastal and only 5 minutes drive to the golden sands of Palm Beach Island - home to many billionaires, this exceptional property offers a rare blend of lifestyle and investment potential. The second floor alone generates an annual gross rental income of $28,200. One part of the first floor (room) is currently leased for $14,400 annually, while the other half, currently owner-occupied, potential for an additional $22,800 in yearly income. It set on a spacious lot with ample parking; the property includes a charming 112-square-foot patio and a large yard offering room to build or expand in the future. Walk to $70 million luxury hotel renovation.

Studio

1,456 Sq.Ft. LIVING AREA

7,076 Sq.Ft. lot

Features & Amenities

Interior

total bedrooms0
Flooring Hardwood, Tile, Wood

Area & Lot

Status Active Under Contract
Living Area1,456 Sq.Ft.
Total Area1,812 Sq.Ft.
Lot Area7,076 Sq.Ft.
MLS® IDR11124535
TypeMulti-Family
YEAR BUILT1961
Water FrontageFixed Bridge, Intracoastal Access
View DescriptionGarden
Middle SchoolLake Shore
High SchoolPalm Beach Lakes

Exterior

STORIES2
water SourcePublic
utilitiesElectricity Available, Natural Gas Available, Sewer Available, Water Available
PoolConcrete, None
roofComposition, Shingle
lot features1/4 Acre
HEAT TYPEElectric
AIR CONDITIONINGCeiling Fan(s), Electric, Gas
sewerPublic Sewer
other exterior FeaturesFruit Trees

Financial

Sales Price$699,000
Real Estate Tax $6,931/yr

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