Investment Overview

Marcus & Millichap is pleased to present Federal Flats, a five-unit multifamily property located at 131 S Federal Highway in Lake Worth Beach, Florida. The property totals 3,112 gross square feet and is situated on a 0.31-acre lot. The asset consists of three buildings featuring a combination of concrete block and wood frame construction, pitched composite shingle and flat roof systems, and new mini-split air conditioning systems throughout, all backed by manufacturer warranties. The unit mix consists of 3 studio units, 1 one-bedroom/one-bathroom unit, and 1 three-bedroom/one-bathroom unit, offering a diverse range of floorplans that appeal to both individual renters and larger households. The property has undergone extensive capital improvements, including replacement of the plumbing with new PVC and copper piping, renovated bathrooms throughout, and a complete gut renovation of the three-bedroom home featuring high-end interior finishes. The property also includes new laundry machines provided free of charge to tenants, further enhancing resident appeal. Federal Flats is strategically located along South Federal Highway, offering immediate access to Downtown Lake Worth Beach, Downtown Lantana, and the Lake Worth Beach waterfront. Residents enjoy proximity to a variety of restaurants, retail destinations, and entertainment venues, while nearby employment drivers include JFK Medical Center, Palm Beach County government offices, and the growing commercial corridors along Federal Highway and Dixie Highway. Interstate 95 is also just minutes away, providing convenient regional connectivity throughout Palm Beach County. Federal Flats presents a unique opportunity to acquire a boutique, low-density multifamily property with significant recent capital improvements in a rapidly improving coastal submarket. The combination of upgraded building systems, renovated interiors, and a highly accessible location offers investors stable rental demand with long-term appreciation potential.