4063 Herbertz Road, Lake Worth

$1,899,700

0 Beds
0 Baths
5,880 Sqft
.86 Acres
0 Garages

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
Square Footage5,880
Acres0.86
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
Utilities

3-Phase Electric, Public Water, Septic

Interior
AppliancesBuilding and Land
HeatingCentral
CoolingCentral
# of Stories1
Exterior
Lot Description6 plex
RoofComp Shingle
ConstructionCBS
Additional Information
Date ListedSeptember 10th, 2023
Days on Market236
ZoningRM
Listing Details
OfficeRe/max Direct
Property History
Status Changed from Price Change to Active
Status Changed from Active to Price ChangePrice Reduced from $1,999,700 to $1,899,700
Status Changed from Price Change to Active
Status Changed from Active to Price ChangePrice Reduced from $2,100,000 to $1,999,700
Status Changed from New to Active
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All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2024 BeachesMLS, Inc.

Listing information last updated on May 3rd, 2024 at 6:30am EDT.

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2024 BeachesMLS, Inc.

Listing information last updated on May 3rd, 2024 at 7:18am EDT.

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