4063 Herbertz Road

Lake Worth, FL 33461

$1,695,000
Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
a view of a house with backyard and parking
a backyard of a house with table and chairs
a backyard of a house with flower plants
a front view of a house with a yard
a view of backyard with a garden and plants
a view of a house with swimming pool and a yard
a view of a room with toys and toys
a view of game room with wooden floor and windows
a kitchen with white cabinets and white appliances
a kitchen with white cabinets and white appliances
a view of a kitchen with fridge and wooden floor
a living room with a rug
a bathroom with a sink toilet and bathtub
a living room with furniture and a flat screen tv
a view of a big yard with plants and a large tree
a house view with a sitting space and garden
a view of a house with backyard and a tree
a view of a backyard
a house with huge green field in front of it
a view of an ocean with a swimming pool
a view of a yard
a picture of flowers
an aerial view of a
an aerial view of a house with a garden and lake view
an aerial view of a house with a yard
an aerial view of residential houses with outdoor space and trees all around
a picture of a park

Description

Public Remarks: Investment Opportunity! Excellent opportunity to acquire a strong cash flowing multifamily asset that is 100% occupied and priced at a 7.5% 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,...Public Remarks: Investment Opportunity! Excellent opportunity to acquire a strong cash flowing multifamily asset that is 100% occupied and priced at a 7.5% 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.
  1. Listed by Daniel J DeRogatis • Re/Max Direct

Property Details for 4063 Herbertz Road

Subdivision
PALM BEACH FARMS CO 7
Waterfront
No
Waterfront Details
None
LISTING UPDATED: 10/07/2024 07:41 PM

Property Details for 4063 Herbertz Road

StatusActive
MLS #RX-10997026
Days on Market190
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industry / MultiFamily (5+ Units)
Year Built1979
Lot Size-
CountyPalm Beach County

Building Information for 4063 Herbertz Road

Stories-Residences-Year Built1979Building Size-Lot Size-

Property Information for 4063 Herbertz Road

Summary
Location and General Information
  • Directions: Located south off Lake Worth Road between Military Trail and Congress Ave. From Lake Worth Road turn south onto Herbertz Road. The destination will be on your right side.
  • Geo Area: Palm Beach 5670; 5680; 5700; 5710
  • Special Info: Presently Leased
  • Street Number: 4063
  • Subdivision Complex Bldg: PALM BEACH FARMS CO 7
  • Municipal Code: Lake Worth
  • State: FL
  • City Postal ID: 33461
  • MLS Area: 5700
  • MLS Sub Area: PB17
Taxes and HOA Information
  • Tax Year: 2023
Property
Lot Information
  • Area: 5700
  • Parcel ID: 00434430010150032
  • Property Group ID: 19990816212135227274000000
  • Square Ft Source: Tax Rolls
  • Zoning: RM
Property and Assessments
  • Acres: 0.86
  • For Sale: Yes
  • Legal Desc: PALM BEACH FARMS CO PL NO 7 E 158.72 FT OF S 1/2 OF LOT C (LESS N 20 FT) ALL OF LOT D & LT E (LESS S 70 FT) BLK 15
  • Legal Description: PALM BEACH FARMS CO PL NO 7 E 158.72 FT OF S 1/2 OF LOT C (LESS N 20 FT) ALL OF LOT D & LT E (LESS S 70 FT) BLK 15
Utilities
  • Utilities: Electric, Public Water, Septic
Interior and Exterior Features
Exterior Features
  • Construction: Cbs Construction
  • Security: None
Interior Features
  • Roof: Comp Shingle
  • Cooling: Central
  • Flooring: Laminate, Tile
  • Heating: Central
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Tenant Pays: Cable, Electric

Property History for 4063 Herbertz Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4063 Herbertz Road

Taxable ValueLand$278,406Additions$562,963Total$841,369
Tax Record2023$16,606 ($1,384 / month)
Home Facts
Baths6Total Finished SqFt1,960 SqFtAbove Grade Finished SqFt1,960 SqFtStories1Lot Size37,335 SqFtStyleDuplexYear Built1979Year Renovated1989ZoningRMCountyPALM BEACHAPN00-43-44-30-01-015-0032

Schools near 4063 Herbertz Road

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Palm Springs Elementary School
Public - PK to 5
Lake Worth Community Middle School
Public - 6 to 8
Lake Worth High School
Public - 9 to 12
Somerset Academy JFK Charter School
Charter - K to 8
Rating
School
Distance
Palm Springs Elementary School
PublicPK to 5

Lake Worth Community Middle School
Public6 to 8

Lake Worth High School
Public9 to 12

Somerset Academy JFK Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near Lake Worth Corridor

Neighborhoods

Cities

ZIPs

More information about 4063 Herbertz Road, Lake Worth, FL 33461

4063 Herbertz Road is a multi-family home for sale in Lake Worth, FL 33461. This property was listed for sale on June 18, 2024 by Re/Max Direct, it's currently listed at $1,695,000. It has been on the market for a total of 190 days and was last sold on March 31, 2022. This listing's school district is Palm Beach. Nearby schools include Palm Springs Elementary School, Lake Worth Community Middle School and Lake Worth High School. 4063 Herbertz Road is a 0-bed, 0-bath, multi-family home built in 1979.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Re/Max Direct

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.