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4063 Herbertz Road

Lake Worth, FL 33461
  • $1,695,000
  • STATUS: Active
  • ON SITE: 174 Days
  • MLS #: RX-10997026
UPDATED: 77 min ago
$1,695,000
  • 0
    BEDS
  • 0.86
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,880
    SQFT
  • $288
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1979
County:
Area:

School Ratings & Info

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.

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www.curatedresidences.com/homes/151768572
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4063 Herbertz Road Lake Worth, FL 33461

  • Price: $1,695,000
  • Status: Active
  • On Site: 174 Days
  • Updated: 77 min ago
  • MLS #: RX-10997026
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
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.
Exterior Features

Construction CBS Roof Comp Shingle Waterfront Description None Waterfront YN No

Interior Features

Bath Toilets 6.00 Cooling Central Flooring LaminateTile Heating Central Percent Air Conditioned 100.00 Unit1 Full Baths 1 Unit1 Unit Desc 3 Bedroom Unit2 Full Baths 1 Unit2 Unit Desc 3 Bedroom Unit3 Full Baths 1 Unit3 Unit Desc 3 Bedroom Unit4 Full Baths 1 Unit4 Unit Desc 3 Bedroom Unit5 Full Baths 1 Unit5 Unit Desc 3 Bedroom Unit6 Full Baths 1 Unit6 Unit Desc 3 Bedroom

Property Features

Ann Assoc Condo Dues 0.00 Auction No Available Docs None Available Info Copies of LeaseExisting Survey Built Desc Resale Fire Protection Smoke Detector For Lease No For Sale Yes Lease Annual List Office Board Code Realtor Association of the Palm Beaches (RAPB) Monetary Info Gross Oper Income 163200.00 Monetary Info Net Oper Income 127314.00 Monetary Info Source Of Expenses Owner Monetary Info Total Expenses 35886.00 Possession At ClosingFunding Sale Includes Building and Land Security None Special Info Presently Leased Tax Amount Real Estate Taxes 16606.40 Tax Year 2023 Tenant Pays CableElectric Terms Considered CashConventional Type Of Building Resident. Multi-Fam. Unit1 Ann Rent 2400.00 Unit2 Ann Rent 2300.00 Unit3 Ann Rent 2200.00 Unit4 Ann Rent 2200.00 Unit5 Ann Rent 2200.00 Unit6 Ann Rent 2300.00 Use Income Utilities ElectricPublic WaterSeptic Zoning RM

Listing provided courtesy of Re/Max Direct: . Listing information © 2024 BeachesMLS
 
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