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Property profile & analytics
OFF-MARKET
Commercial real estate

4063 Herbertz Rd Lake Worth, FL 33461

5,880 SF Built 1979
Property ID
US18-5809347
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1979
Total area 5,880 SF
UPID US18-5809347
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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