For Sale
$1,695,000

4063 Herbertz RdLake Worth, FL 33461

Six-unit complex, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a six-unit multifamily property located at 4063 Herbertz Road, Lake Worth, Florida, 33461. The property, built in 1979, encompasses a substantial 5,880 square feet and sits on a sizable lot. The complex comprises three duplexes, each featuring a consistent three-bedroom, one-bathroom floor plan. Currently boasting 100% occupancy, this asset offers a compelling 7.5% cap rate. Significant recent upgrades enhance the property's value and appeal. These improvements include new air conditioning units in four of the six units, updated bathrooms and kitchens, fresh paint throughout, new tile flooring, and impact-resistant sliders and windows. Exterior enhancements are equally impressive, featuring a fresh coat of paint, updated landscaping, ample parking, and new exterior lighting. This turnkey investment is ready for immediate income generation. The property's location in Lake Worth, Palm Beach County, provides convenient access to local amenities and transportation. Detailed information is available upon request.

Highlights

  • Six-unit multifamily property in Lake Worth, FL.
  • 5,880 square feet on a large lot, built in 1979.
  • Three duplexes, each with a 3 bed/1 bath floor plan.
  • 100% occupancy with a 7.5% cap rate.
  • Recent upgrades include new AC units, updated kitchens & baths, fresh paint, new tile, impact windows & sliders, exterior paint, landscaping, parking, and lighting.

Property Details for 4063 Herbertz Rd

Property type
Specialty properties
Square Feet
5,880 SF
Year Built
1979
Units
6

Location Insight

City
Lake Worth
County
Palm Beach
State
Florida
Latitude
26.6167329
Longitude
-80.1036715
4063 Herbertz Rd, Lake Worth, Florida

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4063 Herbertz Rd
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