$1,695,000
BEDS
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BATHS
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SQFT
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ACRES
0.86
|Active MLS # RX-10997026, Listed by Re/Max Direct|(561) 952-2680
4063 Herbertz Road is a $1,695,000 home on a 0.86 acre lot located in Lake Worth, FL.
Seller’s Description
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.
Features
INTERIOR
| Appliances | Security Features - Smoke Detector(s) |
| Interior Features | Flooring - Laminate Flooring - Tile |
| Cooling Types | Cooling - Yes Cooling - Central Air |
| Heating Types | Central Heat Heating - Yes |
EXTERIOR
| Exterior Features | Utilities - Electricity Available Lease Term - 12 Months |
| Roof | Composition Shingle |
| Construction Types | Block |
| Water Source | Utilities - Water Available Public |
| Sewer | Septic Tank |
PROPERTY
| Date on Market | 06/18/2024 |
| Property Type | Commercial Sale |
| Property Sub Type | Multifamily |
| Style | Levels - One Stories - 1 |
| Year Built | 1979 |
| HOA Fee | $0.00 |
| Taxes | $16,606.00 |
| County | palm beach county |
| Neighborhood | Palm Beach Farms Co 7 |
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