4063 Herbertz Road, Lake Worth, FL 33461
$1,695,000
Property Type:
Comm/Industry
Baths:
6
Square Footage:
5,880
Status:
Active
Current Price:
$1,695,000
Last Modified:
10/08/2024
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.
More Information MLS# RX-10997026
Contract Information
Status: Active
Original List Price: 1695000
Auction: No
List Price: $1,695,000
Current Price: $1,695,000
List Price/Bldg SqFt: 288.27
Listing Date: 2024-06-18
General Property Description
Type: MultiFamily (5+ Units)
For Sale: Yes
For Lease: No
Property Desc: 6 plex
Subdivision: PALM BEACH FARMS CO 7
Year Built: 1979
Built Desc: Resale
SqFt - Living: 5880
SqFt Source: Tax Rolls
# of Stories: 1
Total Units: 6
Baths - Total: 6
Acres: 0.86
% Air Conditioned: 100
Waterfront: No
Location Tax Legal
Area: 5700
County: Palm Beach
Parcel ID: 00434430010150032
Street #: 4063
Street Name: Herbertz
Street Suffix: Road
Zip Code: 33461
Legal Desc: PALM 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
Geo Lat: 26.616678
Geo Lon: -80.103806
Monetary Info
Gross Oper Income: 163200
Total Expenses: 35886
Net Oper Income: 127314
Source of Expenses: Owner
Unit 1
Unit Desc: 3 Bedroom
Full Baths: 1
Ann Rent: 2400
Unit 2
Unit Desc: 3 Bedroom
Full Baths: 1
Ann Rent: 2300
Unit 3
Unit Desc: 3 Bedroom
Full Baths: 1
Ann Rent: 2200
Unit 4
Unit Desc: 3 Bedroom
Full Baths: 1
Ann Rent: 2200
Unit 5
Unit Desc: 3 Bedroom
Full Baths: 1
Ann Rent: 2200
Unit 6
Unit Desc: 3 Bedroom
Full Baths: 1
Ann Rent: 2300
Property Features
Use: Income
Type of Building: Resident. Multi-Fam.
Construction: CBS
Sale Includes: Building and Land
Avail Docs: None
Avail Info: Copies of Lease; Existing Survey
Flooring: Tile; Laminate
Cooling: Central
Heating: Central
Fire Protect: Smoke Detector
Special Info: Presently Leased
Tenant Pays: Cable; Electric
Utilities: Electric; Public Water; Septic
Waterfront Details: None
Security: None
Roof: Comp Shingle
Terms Considered: Cash; Conventional
Lease: Annual
Possession: At Closing; Funding
Showing Instructions: Text Listing Agent
Listing Office: Re/Max Direct
Last Updated: October - 08 - 2024
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