4063 Herbertz Rd, Lake Worth, FL 33461
- Commercial real estate
- 5,880 SF
Current Use by Public Records
- Commercial real estate
Property Details for 4063 Herbertz Rd
- Year built
- 1979
- Property type
- Commercial real estate
Description
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Lake Worth
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.1036715
- Latitude
- 26.6167329
