4763 Bertha Street
About This Property
Two Buildings on Multi-Family lot in Lake Worth. The lot allows for 4 dwelling units. Currently, there is a 3/1 single family home with a detached 750 sq ft building with high ceilings that can be converted to a 2nd unit. Detached building already has electric, water, and drainage. House has new A/C, new tankless water heater, updated floors and paint. Section 8 approved.
Multifamily properties in the area are valued at over $300K
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Tohkanen
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,500 /mo
- 3 Beds
- 1 Bath
- 899 ft²
$2,200 /mo
- 2 Beds
- 1 Bath
- 810 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017