Best of Luxury Realty

Overview

Status: Active
Parking No info
Size: 5,880 ft²/546.27 m²
Price Per: $323.08 ft²/$3,477.59 m²
Type: Multifamily
Built: 1979
HOA: No info
MLS Number: RX-10918420
View No info
On Site: 233 days
Updated: 41 Days Ago
Page Views: 3

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.

Development Amenities

Development Amenities:

Bike And Jog Path
Horses Permitted
Sidewalk
Street Lights
Workshop

Price History

Date	Event	Price	Change Rate	Price Per
03/20/2024	Price Reduced	$1,899,700.00	5.0%	$50.71 ft²/$545.84 m²
09/10/2023	Listed	$1,999,700.00		$53.38 ft²/$574.57 m²

Features

Property Details for 4063 Herbertz, Lake Worth, FL 33461

Palm Beach Farms, Multifamily current status is Active, 4063 Herbertz is a Multifamily in , Lake Worth, FL 33461 with property MLS ID# RX-10918420. This Multifamily has been listed on Best of Luxury Realty since September 11, 2023 and is currently priced at 1,899,700. This property was built in 1979.

Bedrooms
Bedrooms: No info
Bedroom Description: No info

Bathrooms
Full Bathrooms: 0
Half Bathrooms: No info
Master Bathroom Description: No info

Exterior and Lot Features
Exterior Features: None
View: No info

Interior, Heating and Cooling
Interior Features: No info
Appliances: No info
Heating Description: Central
Cooling Description: No info

Building and Construction
Floor Description: Laminate, Tile
Windows/Treatment: No info
Construction Type: Cbs, Concrete
Year Built: 1979

School Information
Elementary School: No info
Middle School: No info
High School: No info

Other Property Info
Community Name: Palm Beach Farms
Subdivision Name: PALM BEACH FARMS CO 7
Property Type: Multifamily
Property Subtype: Quad Plex
Type of Association: Homeowners
Garage Spaces: No info
Listing Date: 09/10/2023
Restrictions: None
Directions: Located 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.
Pets Allowed: No
Area: 5700
Brokered By: Re/Max Direct

Taxes, Fees & More
Maintenance/HOA Fees: No info
Taxes (PLEASE NOTE THAT: Property taxes on resale can vary and prorated at approximately 2.0% of the purchase price and/or assessed market value. Tax rates differ between municipalities and may vary depending on location and usage): $13,260.00 (2022)

Nearest Schools

Select Community

Select Another City

Lake Worth, FL Nearby Cities

Palm Springs

119 listings
$110,000 - $769,900

Atlantis

15 listings
$322,000 - $4,895,000

Lantana

100 listings
$132,000 - $17,646,000

South Palm Beach

108 listings
$125,000 - $3,700,000

Greenacres

215 listings
$125,000 - $687,000

Hypoluxo

42 listings
$209,999 - $958,000

Mortgage Calculator

Property Price:

$1,899,700.00

Initial Payment:

Interest Rate:

Loan Term (in Years):

Mortgage Payment:

Get Pre-Qualified

Area Specialist

Buyer/Tenant Etiquette

Adbutler placeholder

Tracey Schmitt Office

Real Estate Advisors

Office: (561) 948-1657

Email: info@bestofluxuryrealty.com

This property is courtesy of the Re/Max Direct. This listing has been viewed 3 times. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

Special Markers:

*Just Listed: New properties that came on the market within the last 15 days.
*Decrease/Increase: Listing values that are being calculated based on recorded price changes.
*Foreclosures/Short Sale: Please note, all properties are subject to bank approval. Buyers must be pre-approved or show proof of funds before submitting an offer.