Lake Worth, FL 33461 4063 Herbertz Road
$1,695,000
24 more
Presented By: Re/Max Direct
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
Baths • 6
SQFT • 5,880
Home Details
Public Remarks: Investment Opportunity! Excellent opportunity to acquire a strong cash flowing multifamily asset that is 100% occupied and priced at a 7.29% 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.
Presented By: Re/Max Direct
Interior Features for 4063 Herbertz Road
Other Interior Features
Unit 1: Unit Desc3 Bedroom
Unit 2: Unit Desc3 Bedroom
Unit 3: Unit Desc3 Bedroom
Unit 4: Unit Desc3 Bedroom
Unit 5: Unit Desc3 Bedroom
Unit 6: Unit Desc3 Bedroom
FlooringLaminate, Tile
Total Number of Units6
General for 4063 Herbertz Road
Area5700
Assoc Fees0.00
AuctionNo
Built DescResale
ConstructionCBS
CoolingCentral
For LeaseNo
Geo AreaPB17
Geo Lat26.616678
Geo Lon-80.103806
HeatingCentral
Legal DescriptionPALM BEACH FARMS CO PL NO 7 E 158.72 FT OF S 1/2 OF LOT C (LESS N 20 FT) ALL OF LOT D & LT E (LESS S 70 FT) BLK 15
PossessionAt Closing, Funding
Property TypeE
RoofComp Shingle
SecurityNone
Special InfoPresently Leased
StatusActive
Stories1.0
SubdivisionPALM BEACH FARMS CO 7
Tax Year2023
Tenant PaysCable, Electric
Terms ConsideredCash, Conventional
TypeMultiFamily (5+ Units)
Type of BuildingResident. Multi-Fam.
UseIncome
UtilitiesElectric, Public Water, Septic
Virtual TourClick here
Year Built1979
ZoningRM
Exterior for 4063 Herbertz Road
Lot Size0.86
Property Desc6 plex
WaterfrontNo
WaterfrontNone
Additional Details
Price History
