CBS Triplex with Back
4820 Kirk Road Lake Worth, FL 33461
4820 Kirk Road, Lake Worth, FL, 33461
$698,000
Pending
For Sale
$698,000
Pending
Triplex with a brand new roof, CBS construction, city water, and month-to-month tenants, plus a back yard.
Property Size2,716 SF
Days on Market15
Property Features for 4820 Kirk Road
General Information
- Standard status
- Pending
- Size
- 2,716 SF
- Property subtype
- Triplex
Building Details
- Year Built
- 1989
Listing agency
LAER Realty Partners Bowen/Wellington
(561) 252-1949
Listed by
Ligia B Hernandez · License #R11165434
(561) 252-1949
Source
Lehmannflorida
Added: Jul 8 Updated: Jul 21 at 3:50PM Checked: Jul 22 at 4:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LAER Realty Partners Bowen/Wellington
Investment Insights
Based on property information with market context.
This triplex offers CBS construction and city water service, with a brand new roof recently installed. The property is currently occupied by long-term tenants, with no written leases in place; occupancy is on a month-to-month basis. A back yard adds outdoor space for the residences, and pet policies can be determined by the new owner.
Located at 4820 Kirk Road in Lake Worth Beach, this income property is described as having a convenient, rental-ready setup supported by long-standing tenancy.
If you’re evaluating a small residential income asset, this offering combines updated roofing with an existing tenant base and month-to-month occupancy structure.
Located at 4820 Kirk Road in Lake Worth Beach, this income property is described as having a convenient, rental-ready setup supported by long-standing tenancy.
If you’re evaluating a small residential income asset, this offering combines updated roofing with an existing tenant base and month-to-month occupancy structure.
Key Highlights
- Triplex built in 1989
- Brand new roof
- CBS construction with city water
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.4k | $25.20 |
| − Vacancy | −$3.8k | −$1.39 |
| EGI | $64.7k | $23.81 |
| − OpEx | −$19.4k | −$7.14 |
| NOI | $45.3k | $16.67 |
2,716 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$646.8K
$565.9K – $754.6K
NOI $45,275 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$596.7K
$522.1K – $696.2K
NOI $41,770 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,893 @ 7.0% cap · market cap 19.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex with a brand new roof, CBS construction, city water, and month-to-month tenants, plus a back yard.
Where is this triplex located?
The property is located at 4820 Kirk Road Lake Worth, FL.
What is the asking price?
The asking price for this property is $698,000.
What are key features of this property?
This property features: Triplex built in 1989; Brand new roof; CBS construction with city water
