4063 Herbertz Road

Lake Worth, FL 33461

$1,695,000
Price
Beds
5,880 Sq. Ft.
$288 / Sq. Ft.
5,880
Sq. Ft.
$288
per Sq. Ft.

Description

Investment Opportunity! Excellent opportunity to acquire a strong cash flowing multifamily asset that is 100% occupied and priced at a 7.29% 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,...Investment Opportunity! Excellent opportunity to acquire a strong cash flowing multifamily asset that is 100% occupied and priced at a 7.29% 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
  2. Listed by Janelle Mae Khan • Re/Max Direct

Property Details for 4063 Herbertz Road

Subdivision
PALM BEACH FARMS CO 7
Waterfront
No
Waterfront Details
None
View
Garden
Style
No Pool/No Water
LISTING UPDATED: 08/31/2024 01:29 AM

Property Details for 4063 Herbertz Road

StatusActive
MLS #RX-10997031
Days on Market93
Taxes$16,606 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quad Plex
Year Built1979
Lot Size0.86 AC / 37,462 SF
CountyPalm Beach County

Building Information for 4063 Herbertz Road

Stories1Residences6Year Built1979Building Size-Lot Size0.86 AC / 37,462 SF

Property Information for 4063 Herbertz Road

Summary
Location and General Information
  • Property Condition: Resale
  • Development Name: Palm Beach Farms
  • 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.
  • Elementary School: Palm Springs Elementary School
  • Middle School: Lake Worth Community Middle
  • High School: Lake Worth High School
  • Geo Area: Palm Beach 5670; 5680; 5700; 5710
  • Special Info: Sold As-Is
  • Street Number: 4063
  • Subdivision Complex Bldg: PALM BEACH FARMS CO 7, Palm Beach Farms
  • Municipal Code: Lake Worth
  • State: FL
  • City Postal ID: 33461
  • MLS Area: 5700
  • MLS Sub Area: PB17
Parking
  • Carport Spaces: 0
  • Garage Spaces: 0
Taxes and HOA Information
  • HOPA: No Hopa
  • Tax Year: 2023
  • Application Fee: $.00
  • Maintenance Fee Incl: None
  • HOA Dues: $0
Property
Lot Information
  • Area: 5700
  • HOA Amenities: None
  • Lot Description: 1/2 to < 1 Acre
  • Parcel ID: 00434430010150032
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Special Assessment: No
  • Sq Ft Total: 5,880
  • Square Ft Source: Tax Rolls
  • Zoning: RM
Property and Assessments
  • 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
  • Sq Ft Liv Area: 5880.0
  • 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, Concrete Block Construction, Concrete Block With Brick
  • Exterior Features: None
  • Private Pool: No
  • Storm Protection: Impact Glass: Partial
  • Subdiv Amenities: None
  • Gated Community YN: No
  • Structure Type: Duplex
Interior Features
  • Roof: Comp Shingle
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: No
  • Cooling: Central, Electric
  • Flooring: Laminate, Tile
  • Heating: Central, Electric
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $123,714.00
  • Income & Expenses: Annual Total Expense: $35,886.00
  • Income & Expenses: Gross Operating Inc: $159,600.00
  • Tenant Pays: Cable, Electric
Unit 1
  • Unit 1 Desc: Kitchen
  • Unit 1 Info: Bedrooms: 3
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: No
  • Unit 1 Info: Lease Ends: 11-30-2024
  • Unit 1 Info: Monthly Income: 2,300
  • Unit 1 Info: SqFt: 980.0
  • Unit 1 Parking: Space Parking
Unit 2
  • Unit 2 Desc: Kitchen
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: No
  • Unit 2 Info: Lease Ends: 11-30-2024
  • Unit 2 Info: Monthly Income: $2,200
  • Unit 2 Info: SqFt: 980.0
  • Unit 2 Parking: Space Parking
Unit 3
  • Unit 3 Info: Bedrooms: 3
  • Unit 3 Info: Full Bath: 1
  • Unit 3 Info: Furnished: No
  • Unit 3 Info: Lease Ends: 09-30-2024
  • Unit 3 Info: Monthly Income: $2,200.00
  • Unit 3 Info: SqFt: 980.0
Unit 4
  • Unit 4 Info: Bedrooms: 3
  • Unit 4 Info: Full Bath: 1
  • Unit 4 Info: Furnished: No
  • Unit 4 Info: Lease Ends: 03-31-2025
  • Unit 4 Info: Monthly Income: $2,200.00
  • Unit 4 Info: SqFt: 980.0
Rental
Rental Information
  • Pets on Premises: Yes
  • Other Fees: $0

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
Public - PK to 5
Public - PK to 12
Public - 6 to 8
Charter - K to 8
Rating
School
Distance
Palm Springs Elementary School
PublicPK to 5

Lake Worth High School
PublicPK to 12

Lake Worth Community Middle School
Public6 to 8

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.

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 93 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 High School and Lake Worth Community Middle School. 4063 Herbertz Road is a 0-bed, 0-bath, 5,880 sqft 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.