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$1,620,000

4063 Herbertz Road
Lake Worth, FL 33461

Multi Family|Sold 03/14/2025
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1979
Built
Subdivision:
PALM BEACH FARMS CO 7
County:
Palm Beach
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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.

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Listing Snapshot
Bedrooms 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Inside Area (SqFt) 
N/A
Lot Size 
0.86 Acres
Year Built 
1979
MLS® Number 
R10997026
Status 
Sold
Property Tax 
$16,606
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
17 hours agoListing updated with changes from the MLS®
General Features
Acres 
0.86
Lease Term 
12 Months
Property Sub Type 
Multi Family
Security 
Smoke Detector(s)
Sewer 
Septic Tank
Stories 
One
Utilities 
Electricity AvailableWater Available
Water Source 
Public
Zoning 
RM
Interior Features
Cooling 
Central Air
Flooring 
LaminateTile
Heating 
Central
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Exterior Features
Construction Details 
Block
Roof 
CompositionShingle
Community Features
Financing Terms Available 
CashConventional
MLS Area 
5700
Neighborhood & Commute
Source: Walkscore
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