About 4063 Herbertz Road
Investment Opportunity! Excellent opportunity to acquire a strong cash flowing multifamily asset that is 100% occupied and priced at a 6.11% cap rate. Property consists of (3) duplexes for a total of 6 units on almost an acre of land. Each unit has a similar floor plan comprised of 3 bedrooms and 1 full bath. Upgrades vary by unit and include impact sliders/windows, new ACs (in 4 of 6 units), updated bathrooms/ kitchens, new tile flooring, fresh paint, etc. The exterior was just painted, landscaped, offers plenty of parking, and new exterior lighting. Attached is a brochure with more details.
Features of 4063 Herbertz Road
| MLS® # | RX-10918418 |
|---|---|
| Price | $1,899,700 |
| Square Footage | 5,880 |
| Acres | 0.86 |
| Year Built | 1979 |
| Type | Commercial |
| Sub-Type | Income |
| Style | Resident. Multi-Fam. |
| Status | Active |
Community Information
| Address | 4063 Herbertz Road |
|---|---|
| Area | 5700 |
| Subdivision | PALM BEACH FARMS CO 7 |
| City | Lake Worth |
| County | Palm Beach |
| State | FL |
| Zip Code | 33461 |
Amenities
| Utilities | 3-Phase Electric, Public Water, Septic |
|---|---|
| Is Waterfront | No |
| Waterfront | None |
Interior
| Appliances | Building and Land |
|---|---|
| Heating | Central |
| Cooling | Central |
| # of Stories | 1 |
Exterior
| Lot Description | 6 plex |
|---|---|
| Roof | Comp Shingle |
| Construction | CBS |
Additional Information
| Zoning | RM |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Re/Max Direct |
|---|