4063 Herbertz RD Active Save Request In-Person Tour Request Virtual Tour
Lake Worth,FL 33461
Key Details
Property Type Commercial
Sub Type MultiFamily (5+ Units)
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-10997026
Construction Status Resale
Year Built 1979
Annual Tax Amount $16,606
Tax Year 2023
Lot Size 0.860 Acres
Property Description
Public Remarks: 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
Area 5700
Zoning RM
Interior
Heating Central
Cooling Central
Flooring Laminate,Tile
Fireplaces Type Smoke Detector
Exterior
Community Features Presently Leased
Utilities Available Electric,Public Water,Septic
Waterfront No
Waterfront Description None
Roof Type Comp Shingle
Present Use Presently Leased
Building
Story 100.00
Foundation CBS
Construction Status Resale
Others
Security Features None
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional