4063 Herbertz RD Active Save Request In-Person Tour Request Virtual Tour
Lake Worth,FL 33461
Key Details
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Active
Purchase Type For Sale
Square Footage 5,880 sqft
Price per Sqft $288
Subdivision Palm Beach Farms Co 7
MLS Listing ID RX-10997031
Bedrooms 9
Full Baths 4
Year Built 1979
Annual Tax Amount $16,606
Tax Year 2023
Lot Size 0.860 Acres
Property Description
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.
Location
State FL
County Palm Beach
Community Palm Beach Farms
Area 5700
Zoning RM
Interior
Heating Central,Electric
Cooling Central,Electric
Flooring Laminate,Tile
Exterior
Exterior Feature None
Community Features Sold As-Is
Utilities Available Electric,Public Water,Septic
Amenities Available None
Waterfront No
Waterfront Description None
View Garden
Roof Type Comp Shingle
Building
Lot Description 1/2 to < 1 Acre
Story 1.0
Foundation CBS,Concrete
Schools
Elementary Schools Palm Springs Elementary School
Middle Schools Lake Worth Community Middle
High Schools Lake Worth High School
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional