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1501 N Federal Highway, Lake Worth Beach, FL 33460 (MLS# R10512760)

1501 N Federal Highway, Lake Worth Beach, FL 33460

$568,000
Property Type: Residential Income Square Footage: 3,988 Status: Closed
Current Price: $568,000 List Date: 8/10/2019 Last Modified: 5/17/2026

Overview

Description

Brand New Roof! Great income producing property. 4 units, each unit has 2 bedrooms 1 bathroom. Lots of updates through out. Fantastic east location close to beaches, downtown Lake Worth, West Palm and I-95. All 4 units are currently rented at market rates.

Listing Details MLS# R10512760

General Property Information

Number Of Units Total
4
Property Sub Type
Quadruplex
Building Area Main
3988
Building Area Source
Public Records
Living Area Main
3524
Year Built
1957
Lot Size Area
4750
Lot Size Acres
0.11
Lot Size Dimensions
.109 acres
Senior Community YN
No
Stories
2
Pool Private YN
No

Property Features

Association Amenities: None Documents Available: Other Exterior Features: Awning(s) Flooring: Carpet; Ceramic Tile; Vinyl Property Condition: Resale Tenant Pays: Cable TV; Electricity Source Of Expenses: Owner Provided Construction Materials: CBS Cooling: Wall/Window Unit(s) Heating: None Listing Terms: Cash; Conventional; FHA Possession: Close Of Escrow; Negotiable Restrictions: No Restrictions Roof: Composition Sewer: Public Sewer Special Information: Sold As-Is Tax Information: City/County; Lake Worth Drain District Utilities: Electricity Available; Sewer Available; Water Available View: Garden Water Access: None Water Source: Public Window Features: Sliding Showing Requirements: Occupied; Schedule Online Occupant Details: Tenant Occupied Unit 1 Appliances: Range; Refrigerator Unit 1 Other Equipment: Air Conditioning Unit Unit 1 Parking Features: Open Parking Unit 1 Rooms: Kitchen Unit 2 Appliances: Range; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit Unit 2 Parking Features: Open Parking Unit 2 Rooms: Kitchen Unit 3 Appliances: Range; Refrigerator Unit 3 Other Equipment: Air Conditioning Unit Unit 3 Parking Features: Open Parking Unit 3 Rooms: Kitchen Unit 4 Appliances: Range; Refrigerator Unit 4 Other Equipment: Air Conditioning Unit Unit 4 Parking Features: Open Parking Unit 4 Rooms: Kitchen Contingencies: Financing Acreage Description: Less Than 1/4 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
600000

Location and Legal

County Or Parish
Palm Beach
County Parish Name
Palm Beach
Street Number
1501
Street Direction Prefix
N
Street Name
Federal
Street Suffix
Highway
City Name
Lake Worth Beach
State Or Province
FL
Postal Code
33460
Postal Zip
33460
Subdivision Name
NORTH LAKE WORTH
Area
5600
Geographic Area
PB16
Parcel Number
38434415160150160
Zoning
PO/MF-
Directions
10th ave to federal north to building

Financial Information

Tax Annual Amount
6319.15
Tax Year
2018
Tax Legal Description
NORTH LAKE WORTH LT 16 BLK 15

Status Change Information

Major Change Timestamp
2019-09-16T15:22:12Z
Major Change Type
Status Change
Price Change Timestamp
2019-07-10T20:20:00Z
Status Change Date
2019-09-16
Under Contract Date
2019-08-02
Close Date
2019-09-13
Close Price
568000
Buyer Financing
FHA

More Information

Meter Information

Separate Electric Meters YN
Yes
Separate Water Meters YN
No

Short Sale Details

Short Sale Addendum
No

Income and Expenses

Annual Total Expense
14309
Gross Income
60600
Net Operating Income
46291

Unit 1 Details

Actual Rent
1300
Baths Full
Yes
Furnished
Unfurnished
SqFt
881

Unit 2 Details

Actual Rent
1300
Baths Full
Yes
Furnished
Unfurnished
SqFt
881

Unit 3 Details

Actual Rent
1200
Baths Full
Yes
Furnished
Unfurnished
SqFt
881

Unit 4 Details

Actual Rent
1250
Baths Full
Yes
Furnished
Unfurnished
SqFt
881

Price Calculations

Current Price To SqFt
161.18
Original List Price To Close Price
1.05

Originating Details

Originating System Key
20190314133617050011000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Association Amenities

None
Yes

Exterior Features

Awning(s)
Yes

Flooring

Carpet
Yes
Ceramic Tile
Yes
Vinyl
Yes

Property Condition

Resale
Yes

Special Information

Sold As-Is
Yes

Documents Available

Other
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes

Possession

Close Of Escrow
Yes
Negotiable
Yes

Sewer

Public Sewer
Yes

Utilities

Electricity Available
Yes
Sewer Available
Yes
Water Available
Yes

View

City
Yes
Garden
Yes

Heating

None
Yes

Water Access

None
Yes

Window Features

Sliding
Yes

Construction Materials

CBS
Yes

Listing Terms

Cash
Yes
Conventional
Yes
FHA
Yes

Roof

Composition
Yes

Water Source

Public
Yes

Source Of Expenses

Owner Provided
Yes

Cooling

Wall/Window Unit(s)
Yes

Showing Requirements

Occupied
Yes
Schedule Online
Yes

Restrictions

No Restrictions
Yes

Tax Information

City/County
Yes
Lake Worth Drain District
Yes

Occupant Details

Tenant Occupied
Yes

Contingencies

Financing
Yes

Unit 1 Appliances

Range
Yes
Refrigerator
Yes

Unit 1 Other Equipment

Air Conditioning Unit
Yes

Unit 1 Parking Features

Open Parking
Yes

Unit 1 Rooms

Kitchen
Yes

Unit 2 Appliances

Range
Yes
Refrigerator
Yes

Unit 2 Other Equipment

Air Conditioning Unit
Yes

Unit 2 Parking Features

Open Parking
Yes

Unit 2 Rooms

Kitchen
Yes

Unit 3 Appliances

Range
Yes
Refrigerator
Yes

Unit 3 Other Equipment

Air Conditioning Unit
Yes

Unit 3 Parking Features

Open Parking
Yes

Unit 3 Rooms

Kitchen
Yes

Unit 4 Appliances

Range
Yes
Refrigerator
Yes

Unit 4 Other Equipment

Air Conditioning Unit
Yes

Unit 4 Parking Features

Open Parking
Yes

Unit 4 Rooms

Kitchen
Yes

Acreage Description

Less Than 1/4 Acre Lot
Yes
Listing Office: Choice Realty of SF LLC
IDX
Last Updated: May - 17 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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