4063 Herbertz RD Active

Lake Worth,FL 33461

$ 1695000

- Bed

6 Baths

5880 SqFt


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

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 Description None

Roof Type Comp Shingle

Building

Story 100.00

Foundation CBS

Others

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

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