FL > Lake Worth > Palm Beach Farms Co 7
Lake Worth, FL 33461,4063 Herbertz RD
Lake Worth, FL 33461,4063 Herbertz RD
Lake Worth, FL 33461,4063 Herbertz RD
Lake Worth, FL 33461,4063 Herbertz RD
Lake Worth, FL 33461,4063 Herbertz RD
Lake Worth, FL 33461,4063 Herbertz RD
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Robert Millan III

Robert Millan III

+1(772) 249-2926
Listed by Re/Max Direct
$ 1,695,000
Est. payment | /mo

6 Baths

5,880 SqFt

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$ 1,695,000
Est. payment | /mo
Save Virtual Tour

6 Baths

5,880 SqFt

Key Details

Property Type Commercial

Sub Type MultiFamily (5+ Units)

Listing Status Active

Purchase Type For Sale

Square Footage 5,880 sqft

Price per Sqft $288

Subdivision Palm Beach Farms Co 7

MLS Listing ID RX-10997026

Construction Status Resale

Year Built 1979

Annual Tax Amount $16,606

Tax Year 2023

Lot Size 0.860 Acres

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 No

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

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4063 Herbertz RD