4063 Herbertz Road

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.

Essential Information

MLS® #RX-10997031
Price$1,695,000
Bedrooms9
Bathrooms4.00
Full Baths4
Square Footage5,880
Acres0.86
Year Built1979
TypeMulti-Family
Sub-TypeQuad Plex
StyleNo
StatusActive

Community Information

Address4063 Herbertz Road
Area5700
SubdivisionPALM BEACH FARMS CO 7
CityLake Worth
CountyPalm Beach
StateFL
Zip Code33461

Amenities

ViewGarden
WaterfrontNone

Utilities

3-Phase Electric, Public Water, Septic

Interior

HeatingCentral, Electric
CoolingCentral, Electric
# of Stories1

Exterior

Exterior FeaturesNone
Lot Description1/2 to < 1 Acre
RoofComp Shingle
ConstructionCBS, Concrete

School Information

ElementaryPalm Springs Elementary School
MiddleLake Worth Community Middle
HighLake Worth High School

Additional Information

Listing Courtesy ofRe/Max Direct
Date ListedJune 18th, 2024
ZoningRM

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4063 Herbertz Road, Lake Worth, FL – $1,695,000