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.
Sold for $1,620,000 on 03/14/25
$1,620,000
4063 Herbertz Road, Lake Worth, FL 33461
9beds
5,880sqft
Multi Family
Built in 1979
-- sqft lot
$-- Zestimate®
$276/sqft
$2,202 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: March 17, 2025 at 02:37am
Listed by:
Daniel J DeRogatis 561-305-5500,
RE/MAX Direct,
Janelle Mae Khan 920-988-8169,
Re/Max Direct
Bought with:
Phuc Dang
Continental Properties, Inc.
Source: BeachesMLS,MLS#: RX-10997031
Originating MLS: Beaches MLS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Central, Electric
Cooling
- Central Air, Electric
Features
- Kitchen
- Flooring: Laminate, Tile
- Windows: Partial Impact Glass
Interior area
- Total structure area: 5,880
- Total interior livable area: 5,880 sqft
Property
Parking
- Parking features: Space Parking
Features
- Stories: 1
- Exterior features: None
- Has view: Yes
- View description: Garden
- Waterfront features: None
Lot
- Size: 0.86 Acres
- Features: 1/2 to < 1 Acre
Details
- Parcel number: 00434430010150032
- Zoning: RM
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- CBS, Concrete
- Roof: Comp Shingle
Condition
- Resale
- New construction: No
- Year built: 1979
Utilities & green energy
- Electric: Separate Electrical Meters
- Sewer: Septic Tank
- Water: Public Water
- Utilities for property: Electricity Connected
Community & neighborhood
Community
- Community features: None
Location
- Region: Lake Worth
- Subdivision: Palm Beach Farms Co 7
HOA & financial
HOA
- Has HOA: No
- Services included: None
Other
Other facts
- Listing terms: Cash,Conventional
Services availability

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