4063 Herbertz Road, Lake Worth, FL 33461





MultiFamily (5+ Units)


MLS#: RX-10918418

Type of Building: Resident. Multi-Fam.

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Investment Opportunity! Excellent opportunity to acquire a strong cash flowing multifamily asset that is 100% occupied and priced at a 6.11% 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.

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This listing is courtesy of Re/Max Direct. Real Estate and Luxury homes in Boca Raton, Delray Beach, Deerfield Beach, Juno Beach, 0 Lake Worth, Palm Beach Gardens, West Palm Beach and surrounding areas in Palm Beach County and South Florida. Property Listing Data contained within this site is the property of Brevard MLS and is provided for consumers looking to purchase real estate. Any other use is prohibited. We are not responsible for errors and omissions on this web site. All information contained herein should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended.

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  • Acres0.86 acres
  • Available DocumentsNone
  • Available InformationCopies of Lease and Existing Survey
  • Built DescriptionResale
  • CityLake Worth
  • ConstructionCBS
  • CoolingCentral
  • CountyPalm Beach
  • DirectionsLocated south off Lake Worth Road between Military Trail and Congress Ave. From Lake Worth Road turn south onto Herbertz Road. The destination will be on your right side.
  • Fire ProtectionSmoke Detector
  • FlooringLaminate and Tile
  • For LeaseNo
  • For SaleYes
  • HeatingCentral
  • LeaseAnnual
  • Legal DescriptionPALM 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
  • List Price$1,999,700
  • List Price/SqFt$340.09 / sqft
  • Listing DateSunday, September 10th, 2023
  • Listing IDRX-10918418
  • Listing Price$1,999,700
  • Listing StatusActive
  • Monetary Info: Gross Operating Income$154,800
  • Monetary Info: Net Operating Income$122,259
  • Monetary Info: Source of ExpensesOwner
  • Multiple Offers AcceptedYes
  • Number of Stories1
  • Number of Toilets6
  • Percent Air Conditioned100%
  • PossessionAt Closing and Funding
  • Property Description6 plex
  • Property TypeCommercial
  • Real Estate Taxes$13,260.50
  • RoofComp Shingle
  • Sale IncludesBuilding and Land
  • SecurityNone
  • Special InformationPresently Leased
  • SqFt SourceTax Rolls
  • State/ProvinceFL
  • StatusActive
  • Status Change DateSunday, September 10th, 2023
  • Street NameHerbertz
  • SubdivisionPalm Beach Farms Co 7
  • Tax Year2022
  • Tenant PaysCable and Electric
  • Terms ConsideredCash and Conventional
  • Total Building SqFt5,880 sqft
  • Total Units in Building6
  • TypeMultiFamily (5+ Units)
  • Type of BuildingResident. Multi-Fam.
  • Unit 1: Annual Rent$2,200
  • Unit 1: Full Baths1
  • Unit 1: Unit Description3 Bedroom
  • Unit 2: Annual Rent$2,200
  • Unit 2: Full Baths1
  • Unit 2: Unit Description3 Bedroom
  • Unit 3: Annual Rent$2,200
  • Unit 3: Full Baths1
  • Unit 3: Unit Description3 Bedroom
  • Unit 4: Annual Rent$2,100
  • Unit 4: Full Baths1
  • Unit 4: Unit Description3 Bedroom
  • Unit 5: Annual Rent$2,100
  • Unit 5: Full Baths1
  • Unit 5: Unit Description3 Bedroom
  • Unit 6: Annual Rent$2,100
  • Unit 6: Full Baths1
  • Unit 6: Unit Description3 Bedroom
  • UtilitiesElectric, Public Water and Septic
  • Virtual TourYes
  • WaterfrontNo
  • Waterfront DetailsNone
  • Year Built1979
  • Zip Code33461
  • ZoningRM