Bought with Continental Properties, Inc.
For more information regarding the value of a property, please contact us for a free consultation.
4063 Herbertz RD Lake Worth, FL 33461
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $1,620,000
Property Type Commercial
Sub Type MultiFamily (5+ Units)
Listing Status Sold
Purchase Type For Sale
Square Footage 5,880 sqft
Price per Sqft $275
Subdivision Palm Beach Farms Co 7
MLS Listing ID RX-10997026
Sold Date 03/14/25
Construction Status Resale
Year Built 1979
Annual Tax Amount $16,606
Tax Year 2023
Lot Size 0.860 Acres
Property Sub-Type MultiFamily (5+ Units)
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.
Location
State FL
County Palm Beach
Area 5700
Zoning RM
Interior
Heating Central
Cooling Central
Flooring Laminate, Tile
Fireplaces Type Smoke Detector
Exterior
Community Features Presently Leased
Utilities Available Electric, Public Water, Septic
Waterfront Description None
Roof Type Comp Shingle
Present Use Presently Leased
Building
Story 100.00
Foundation CBS
Construction Status Resale
Others
Security Features None
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Read Less