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4063 Herbertz Road

Lake Worth, FL 33461
  • $1,695,000
  • STATUS: Active
  • ON SITE: 175 Days
  • ID#: RX-10997031
UPDATED: 27 min ago
$1,695,000
  • 0
    BEDS
  • 0.86
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,880
    SQFT
  • $288
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1979
County:
Area:

School Information

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.

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www.kaufman-propertiesfl.com/homes/151768570
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4063 Herbertz Road Lake Worth, FL 33461

  • Price: $1,695,000
  • Status: Active
  • On Site: 175 Days
  • Updated: 27 min ago
  • ID#: RX-10997031
0
Beds
0
Baths
0
½ Baths
0.86
Acres
5,880
SQFT
$288
$/SQFT
1979
Built
Neighborhood:
Palm Beach Farms Co 7
County:
Palm Beach
Area:
Lake Worth
Elementary School:
Palm Springs Elementary School
Middle School:
Lake Worth Community Middle
High School:
Lake Worth High School
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.
Exterior Features

Carport Spaces 0.00 Construction CBSConcrete Exterior Features None Lot Description 1/2 to < 1 Acre Private Pool YN No Roof Comp Shingle Storm Protection Impact Glass Partial Unit1 Parking Space Parking Unit2 Parking Space Parking View Garden Waterfront Description None Waterfront YN No

Interior Features

Cooling CentralElectric Flooring LaminateTile Heating CentralElectric Unit1 Bedrooms 3 Unit1 Desc Kitchen Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 980 Unit2 Desc Kitchen Unit2 Full Baths 1 Unit2 Furnished No Unit2 Sq Ft 980 Unit3 Bedrooms 3 Unit3 Full Baths 1 Unit3 Furnished No Unit3 Sq Ft 980 Unit4 Bedrooms 3 Unit4 Full Baths 1 Unit4 Furnished No Unit4 Sq Ft 980

Property Features

Annual Net Operating Income 127314.00 Annual Total Expenses 35886.00 Application Fee 0.00 Auction No Available Info Deposit Last MonthLeases Built Desc Resale Development Name Palm Beach Farms Gated Community No Gross Operating Income 163200.00 Hoa Fee Per Month 0.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association of the Palm Beaches (RAPB) Maintenance Fee Includes None Multifamily Type Quad Plex Possession At ClosingFunding REO No Restrictions None Separate Electric Meters Yes Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Owner Special Assessment No Special Info Sold As-Is Sq Ft Total 5880.00 Subdivision Amenities None Tax Amount 16606.40 Tax Year 2023 Taxes County Only Tenant Pays CableElectric Terms Considered CashConventional Unit1 Lease Ends 2024-11-30 Unit1 Monthly Income 2400.00 Unit2 Lease Ends 2024-11-30 Unit2 Monthly Income 2300.00 Unit3 Lease Ends 2024-09-30 Unit3 Monthly Income 2300.00 Unit4 Lease Ends 2025-03-31 Unit4 Monthly Income 2200.00 Utilities ElectricPublic WaterSeptic Zoning RM

Listing provided courtesy of Re/Max Direct: . Listing information © 2024 BeachesMLS
 
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Michael Kaufman Real Estate
1200 N Federal Hwy, Suite 300
Boca Raton FL, 33432