626 Federal

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.