Address4063 Herbertz Road, Lake Worth, FL, 33461
Price$1,899,700
- Commercial
- 5,880 SQ FT
- Built in 1979
Investment Opportunity! Excellent opportunity to acquire a strong cash flowing multifamily asset that is 100% occupied and priced at a 6.11% 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.
Essential Information
- MLS® #RX-10918418
- Price$1,899,700
- Taxes$13,261 (2022)
- Square Footage5,880
- Acres0.86
- Price/SqFt$323 USD
- Year Built1979
- TypeCommercial
- Sub-TypeIncome
- StyleResident. Multi-Fam.
- StatusActive
Community Information
- Address4063 Herbertz Road
- Area5700
- SubdivisionPALM BEACH FARMS CO 7
- CityLake Worth
- CountyPalm Beach
- StateFL
- Zip Code33461
Amenities
- WaterfrontNone
Interior
- AppliancesBuilding and Land
- HeatingCentral
- CoolingCentral
- # of Stories1
Exterior
- Lot Description6 plex
- RoofComp Shingle
- ConstructionCBS
Additional Information
- Days on Website230
- ZoningRM
Listing Details
- OfficeRe/Max Direct
Utilities
3-Phase Electric, Public Water, Septic
Price Change History for 4063 Herbertz Road, Lake Worth, FL (MLS® #RX-10918418)
| Date | Details | Change | |
|---|---|---|---|
| Status Changed from Price Change to Active | – | ||
| Status Changed from Active to Price Change | – | ||
| Price Reduced from $1,999,700 to $1,899,700 | |||
| Status Changed from Price Change to Active | – | ||
| Status Changed from Active to Price Change | – | ||
| Show More (2) | |||
| Price Reduced from $2,100,000 to $1,999,700 | |||
| Status Changed from New to Active | – | ||
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