4063 Herbertz Road

Lake Worth, FL 33461

12 Beds

4 Baths

5,880 Ft²

About This Property

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.

The manager has listed the unit size as 5880 square feet.

Unit Size

5,880 Ft²

Days on Market

Land Size

Price per sqft

$323

Property Type

Multifamily

Property Taxes

$1,105

HOA Dues

Year Built

1979

Payment Calculator

Cap Rate Calculator

Price History

Date / Event	Date	Event
May 5, 2024	No longer available	-
No longer available
Mar 22, 2024	Price Decreased	$1,899,700 ↓ $100K (5%)
Price Decreased
Jan 7, 2024	Price Decreased	$1,999,700 ↓ $100K (4.8%)
Price Decreased
Sep 10, 2023	Listed	$2,100,000
Listed
Apr 7, 2022	Sold	Premium
Sold
Jun 12, 2006	Sold	Premium
Sold

Property Highlights

Air Conditioning

Exterior Details

Concrete

Request mortgage information redaction

Comparables

Past Sales

Date	Beds	Baths	Sqft	Price	Closed	Listed By
20240618 06/18/2024	9 Bed	4 Bath	5880 ft²	$1,695,000 9 Bed 4 Bath 5880 ft²	- -	Daniel J DeRogatis Re/Max Direct
20230910 09/10/2023	12 Bed	4 Bath	5880 ft²	$2,100,000 12 Bed 4 Bath 5880 ft²	- -	Daniel J DeRogatis Re/Max Direct
20220223 02/23/2022	Studio	-	5880 ft²	$1,250,000 Studio - 5880 ft²	$1,250,000 04/07/2022	Ahmed Ribhi Abdeldayem PA KW Innovations