MLS# RX-10997026 - 4063 Herbertz Road, Lake Worth, FL 33461

$1,695,000
Sqft: 5,880
Est. $6,241 / mo.*
157 Days On Market

Courtesy of Re/Max Direct

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Status: Active
Property Type: Multifamily (5+ Units)
Year Built: 1979
Days On Website: 157

Property Details for 4063 Herbertz Road, Lake Worth, FL 33461

Public Remarks: Investment Opportunity! Excellent opportunity to acquire a strong cash flowing multifamily asset that is 100% occupied and priced at a 7.5% cap rate. Property consists of (3) duplexes for a total of 6 units on almost an acre of land. Each unit has a similar floor plan comprised of 3 bedrooms and 1 full bath. Upgrades vary by unit and include impact sliders/windows, new ACs (in 4 of 6 units), updated bathrooms/ kitchens, new tile flooring, fresh paint, etc. The exterior was just painted, landscaped, offers plenty of parking, and new exterior lighting. Attached is a brochure with more details.

Listing

  • Source: Palm Beach
  • List price: $1,695,000
  • MLS ID: 20121115220811115022000000
  • Listing ID: RX-10997026
  • Listing date: 2024-06-18
  • Status: Active
  • For lease?: No
  • $288 per square foot
  • Annual

Bathrooms

  • 6 total bathrooms
  • 1 full bathroom, unit 1
  • 1 full bathroom, unit 2
  • 1 full bathroom, unit 3
  • 1 full bathroom, unit 4
  • 1 full bathroom, unit 5
  • 1 full bathroom, unit 6

Building

  • 5,880 total building square feet
  • Built in 1979
  • 1 story
  • 6 units in build
  • Year built description: Resale
  • Square footage source: SimpleTemplate
  • CBS
  • Smoke Detector
  • Resident. Multi-Fam.

Cooling

  • Central

Floors

  • Laminate
  • Tile

Heating

  • Central

Home Owner's Association

  • Annual association/condo dues: $0

Location

  • County: Palm Beach
  • Subdivision: PALM BEACH FARMS CO 7

Lot

  • 0 acres

Miscellaneous

  • Unit 1 description: 3 Bedroom
  • Annual rent, unit 1: 2400.00
  • Unit 2 description: 3 Bedroom
  • Annual rent, unit 2: 2300.00
  • Unit 3 description: 3 Bedroom
  • Annual rent, unit 3: 2200.00
  • Unit 4 description: 3 Bedroom
  • Annual rent, unit 4: 2200.00
  • Unit 5 description: 3 Bedroom
  • Annual rent, unit 5: 2200.00
  • Unit 6 description: 3 Bedroom
  • Annual rent, unit 6: 2300.00
  • Cable
  • Electric
  • Cash
  • Conventional

Property

  • Property type: E
  • Zoning: RM
  • Waterfront: No
  • None

Roof

  • Comp Shingle

Security Features

  • None

Taxes

  • Real estate taxes: $16,606
  • Year: 2023

Utilities

  • Electric
  • Public Water
  • Septic

Map View

$1,695,000 - 4063 Herbertz Road, Lake Worth, FL 33461

Street View

Directions

4063 Herbertz Road
Lake Worth, FL 33461
County: Palm Beach

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