Home » Lake Worth » 4063 Herbertz Road, Lake Worth, FL 33461 | R10997026/RX-10997026

Multi Family For Sale 4063 Herbertz Road, Lake Worth, FL 33461

$1,695,000

Property Highlights

Listing ID R10997026/RX-10997026 Status of this Listing: Active For Sale Property Type Commercial Sale Multi Family Year Built 1979 Time of this property on Rebonus 172 Day(s)

4063 Herbertz Road, Lake Worth, FL 33461

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.

Useful Info

Original List Price:$1,695,000

Lease Details

Lease Terms Description:Annual Lease

Land Lot (Parcel) Details

Lot Size Acres:0.86

Construction

Number of Units Total:6
Levels:One
Construction Materials:
  • Block
Flooring:
  • Tile
  • Laminate
Stories:1

Property Features

Waterfront:No
Security:
  • Smoke Detector(s)
Roof:
  • Shingle
  • Composition
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$16,606

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2023

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Buyer Possession:
  • Closing & Funding
  • Close Of Escrow
Lease Term:
  • 12 Months
Tenant Pays:
  • Exterior Electric
Lease Considered:No

Community

Subdivision Name:PALM BEACH FARMS CO 7
Complex Name:PALM BEACH FARMS CO 7
Senior Community:No

Parking

Covered Spaces:0

Utilities

Sewer:
  • Septic Tank
Utilities Available:
  • Electricity Available
  • Water Available
Water Source:
  • Public

More Details

Other Information:
Data exchange original Listing NumberRX-10997026

Zoning and Legal

Tax Legal Description: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
Real Estate Folio Number (Parcel Number):00434430010150032
Zoning Description:RM

Listing History

Update/EventDate/Days
Published Date:June 18, 2024 9:13 am
On Market Date:June 18, 2024
Listing Contract Date:June 18, 2024
Last Important Update Description:New Listing
Date and Time of Last Important Update:June 18, 2024 9:22 am
Status Last Changed:June 18, 2024 12:00 am
Photos Last Modified:August 31, 2024 1:15 pm
Last Modified:October 8, 2024 5:32 am
Days on the Market Reference Date:October 8, 2024
Days on the Market (updated on Last Modified*):112
Cumulative Days on the Market (updated on Last Modified**):112

Additional Information

Lot Size Range:,
Number of Photos:29
Location:,
Included:Building & Land,,
Geographical Area:Palm Beach 5670; 5680; 5700; 5710
Area:5700
Automated Valuation Display:Yes
Courtesy of:Re/Max Direct
Universal Property Id:US-12099-N-00434430010150032-R-N

Location

Show Property Address:Yes
Street Name:Herbertz Road
Street Number:4063
Street Address:4063 Herbertz Road
City : Lake Worth
State : Florida
Zip Code : 33461
County : Palm Beach
Full Address:4063 Herbertz Road, Lake Worth, FL 33461
Latitude:N26° 37' 0''
Longitude:W81° 53' 46.3''

Neighborhood

Postal City:Lake Worth

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