4063 Herbertz Rd Lake Worth, FL 33461
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.