Investment Overview

Marcus & Millichap is pleased to present an eight-unit multifamily property located at 1001 S Federal Highway in Lake Worth Beach, Florida. Built in 1958, the property totals 3,762 gross square feet and is situated on a 0.31-acre lot. The asset features a pitched concrete tile roof and consists of six one-bedroom/one-bathroom units and two studio units, providing an efficient unit mix in one of Palm Beach County's strongest rental submarkets. The property has undergone extensive capital improvements, including new mini-split air conditioning systems throughout, all new hurricane impact windows, and replacement of the plumbing with new PVC and copper piping. Ownership has also completed extensive interior renovations throughout the property, while new laundry machines are provided free of charge to residents, further enhancing tenant appeal and minimizing future capital expenditure requirements. The property is strategically located along South Federal Highway, offering convenient 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 surrounding healthcare and commercial corridors. Interstate 95 is also just minutes away, providing excellent connectivity throughout Palm Beach County. 1001 S Federal Highway presents an opportunity to acquire a fully renovated boutique multifamily asset with significant recent capital improvements in a rapidly improving coastal market. The combination of upgraded building systems, modernized interiors, and an exceptional location positions the property for stable cash flow and long-term appreciation.