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  4. 4063 Herbertz Road, Lake Worth, FL 33461
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4063 Herbertz Road
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PRICED AT ONLY: $1,695,000

Address: 4063 Herbertz Road, Lake Worth, FL 33461

Description

Public Remarks: Investment Opportunity! Excellent opportunity to acquire a strong cash flowing multifamily asset that is 100% occupied and priced at a 7.29% 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.

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  • MLS#: RX-10997026 ( MultiFamily (5+ Units) )
  • Street Address: 4063 Herbertz Road
  • Viewed: 4
  • Price: $1,695,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1979
  • Bldg sqft: 0
  • Days On Market: 188

Description

Public Remarks: Investment Opportunity! Excellent opportunity to acquire a strong cash flowing multifamily asset that is 100% occupied and priced at a 7.29% 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.
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Features
Building and Construction
  • Absolute Longitude: 80.103806
  • Construction: CBS
  • Flooring: Laminate, Tile
  • Roof: Comp Shingle
  • Sqft Source: Tax Rolls
  • Total Building Sqft: 5880.00
  • Type Of Building: Resident. Multi-Fam.
Property Information
  • Property Condition: Resale
  • Property Desc: 6 plex
  • Property Group Id: 19990816212135227274000000
Eco-Communities
  • Waterfront Details: None
Utilities
  • Air Conditioned: 100.00
  • Cooling: Central
  • Fire Protect: Smoke Detector
  • Heating: Central
  • Num Of Stories: 1.0
  • Security: None
  • Utilities: Electric, Public Water, Septic
Finance and Tax Information
  • Tax Year: 2023
Rental Information
  • Tenant Pays: Cable, Electric
Other Features
  • Annual Association / Condo Dues: 0.00
  • Avail Docs: None
  • Avail Info: Copies of Lease, Existing Survey
  • Country: United States
  • Legal Desc: PALM BEACH FARMS CO PL NO 7 E 158.72 FT OF S 1/2 OF LOT C (LESS N 20 FT) ALL OF LOT D & LT E (LESS S 70 FT) BLK 15
  • Multiple Ofrs Acptd: Yes
  • Parcel Id: 00434430010150032
  • Possession: At Closing, Funding
  • Sale Includes: Building and Land
  • Special Info: Presently Leased
  • Use: Income
  • Zoning: RM
Nearby Subdivisions
Buffalo Heights   Gaslight Business Park Condo   Palm Beach Farms Co 7  
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  1. MLSID: RX-11004687
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