1506 N Federal Highway 1 - 6, Lake Worth Beach, FL 33460
$550,000
Property Type:
Commercial Sale
Square Footage:
5,700
Status:
Closed
Current Price:
$550,000
List Date:
8/12/2015
Last Modified:
5/27/2026
Overview
Description
Listing Details MLS# R10159200
General Property Information
- Property Sub Type
- Multi Family
- Number Of Units Total
- 6
- Building Area Main
- 5700
- Building Area Source
- Public Records
- Year Built
- 1979
- Lot Size Area
- 9583.2
- Lot Size Acres
- 0.22
- Stories
- 2
Property Features
Documents Available:
Owner Managed
Electric:
220 Volts
Flooring:
Tile
Heating:
Central Individual
Location of Property:
City Location
Possession:
Close Of Escrow
Sale Includes:
Building; Fixtures; Land
Source Of Expenses:
Owner Provided
Tenant Pays:
Electricity
Construction Materials:
CBS
Cooling:
Central Air
Listing Terms:
Cash; Conventional
Roof:
Mansard
Security Features:
Fire Alarm
Sewer:
Public Sewer
Water Source:
Public
Showing Requirements:
Appointment Only; Call Listing Agent; Listing Agent Must Accompany; Occupied
Contingencies:
Inspection
Contract Information
- Comp Sale YN
- No
- Original List Price
- 639000
Location and Legal
- County Or Parish
- Palm Beach
- County Parish Name
- Palm Beach
- Street Number
- 1506
- Street Direction Prefix
- N
- Street Name
- Federal
- Street Suffix
- Highway
- Unit Number
- 1 - 6
- City Name
- Lake Worth Beach
- State Or Province
- FL
- Postal Code
- 33460
- Area
- 5600
- Geographic Area
- PB16
- Parcel Number
- 38434415160100020
- Zoning
- PO/MF-
- Directions
- I-95 to Forest Hill exit. take Forest Hill east to Olive. Turn right (S) follow Olive which becomes US 1 Federal to listing on left.
- Property Description
- APARTMENT BLDG SIX 2
Financial Information
- Tax Annual Amount
- 9106.76
- Tax Year
- 2014
- Tax Legal Description
- NORTH LAKE WORTH LOTS 2 & 3 BLK 10
Remarks and Miscellaneous
- Public Historical Remarks
- Building Type: Y
More Information
Status Change Information
- Major Change Timestamp
- 2015-10-01T00:09:05Z
- Major Change Type
- Status Change
- Status Change Date
- 2015-09-30
- Under Contract Date
- 2015-09-02
- Close Date
- 2015-09-30
- Close Price
- 550000
- Buyer Financing
- Cash
Building and Property Details
- # Of Tenants
- 6
- # Of Toilets
- 6
- % Air Conditioned
- 100
- Door Height
- 0-8'
- Maximum Ceiling Height
- 8
- Interior Ceiling Height
- 0
Meter Information
- Number Of Meters Total
- 7
Income and Expenses
- Gross Scheduled Income
- 64800
- Other Income
- 0
- Service Expense
- 0
- Utilities Expense
- 0
- Vacancy Allowance Rate
- 0
Description of Unit Type 1
- Unit Type
- 2 Bedroom
- Units Total
- 6
- Full Baths
- Yes
- Annual Rent
- 10800
- Seasonal Rent
- 0
- Off Season Rent
- 0
Description of Unit Type 2
- Unit Type
- 2 Bedroom
- Full Baths
- Yes
- Annual Rent
- 10800
- Seasonal Rent
- 0
- Off Season Rent
- 0
Description of Unit Type 3
- Unit Type
- 2 Bedroom
- Full Baths
- Yes
- Annual Rent
- 10800
- Seasonal Rent
- 0
- Off Season Rent
- 0
Description of Unit Type 4
- Unit Type
- 2 Bedroom
- Full Baths
- Yes
- Annual Rent
- 10800
- Seasonal Rent
- 0
- Off Season Rent
- 0
Description of Unit Type 5
- Unit Type
- 2 Bedroom
- Full Baths
- Yes
- Annual Rent
- 10800
- Seasonal Rent
- 0
- Off Season Rent
- 0
Description of Unit Type 6
- Unit Type
- 2 Bedroom
- Full Baths
- Yes
- Annual Rent
- 10800
- Seasonal Rent
- 0
- Off Season Rent
- 0
Price Calculations
- Current Price To SqFt
- 96.49
- Original List Price To Close Price
- 1.16
Originating Details
- Originating System Key
- 20150812182357896902000000
- Originating System ID
- M00000170
Office/Member Information
- DXORIGMLSID
- RML
Electric
- 220 Volts
- Yes
Flooring
- Tile
- Yes
Documents Available
- Owner Managed
- Yes
Tenant Pays
- Electricity
- Yes
Location of Property
- City Location
- Yes
Possession
- Close Of Escrow
- Yes
Sewer
- Public Sewer
- Yes
Heating
- Central Individual
- Yes
Sale Includes
- Building
- Yes
- Fixtures
- Yes
- Land
- Yes
Construction Materials
- CBS
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Roof
- Mansard
- Yes
Security Features
- Fire Alarm
- Yes
Water Source
- Public
- Yes
Source Of Expenses
- Owner Provided
- Yes
Cooling
- Central Air
- Yes
Description of Unit Type 7
- Annual Rent
- 0
- Seasonal Rent
- 0
- Off Season Rent
- 0
Showing Requirements
- Appointment Only
- Yes
- Call Listing Agent
- Yes
- Listing Agent Must Accompany
- Yes
- Occupied
- Yes
Contingencies
- Inspection
- Yes
Documents
Expenses/Receipts ›
Listing Office:
Illustrated Properties LLC (Co
Last Updated: May - 27 - 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.