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
$1,620,000
4063 Herbertz Road, Lake Worth, FL 33461
9beds
5,880sqft
Multi Family
Built in 1979
-- sqft lot
$1,717,200 Zestimate®
$276/sqft
$1,735 Estimated rent
Home value
$1,717,200
$1.51M - $1.99M
$1,735/mo
Zestimate® history
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What's special
Zillow last checked: 8 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
Originating MLS: Beaches MLSFacts & 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
- Utilities for property: Electricity Connected
Community & neighborhood
Community
- Community features: None
Location
- Region: Lake Worth
- Subdivision: Palm Beach Farms Co 7
HOA & financial
HOA
- Services included: None
Other fees
- Application fee: $0
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 3/14/2025 | Sold | $1,620,000-4.4%$276/sqft |
Source:  BeachesMLS #RX-10997031 Report a problem | ||
| 6/18/2024 | Listed for sale | $1,695,000-10.8%$288/sqft |
Source: BeachesMLS #RX-10997031 Report a problem | ||
| 5/3/2024 | Listing removed | -- |
Source: BeachesMLS #RX-10918420 Report a problem | ||
| 3/21/2024 | Price change | $1,899,700-5%$323/sqft |
Source: BeachesMLS #RX-10918420 Report a problem | ||
| 1/7/2024 | Price change | $1,999,700-4.8%$340/sqft |
Source: BeachesMLS #RX-10918420 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $18,237 +9.8% | $925,506 +10% |
| 2023 | $16,606 +25.2% | $841,369 +56.2% |
| 2022 | $13,260 +11% | $538,808 +10% |
Find assessor info on the county website
Neighborhood: Lake Worth Corridor
Nearby schools
GreatSchools rating
- 2/10Palm Springs Elementary SchoolGrades: PK-5Distance: 1 mi
- 3/10Lake Worth Community Middle SchoolGrades: 6-8Distance: 2.3 mi
- 2/10Lake Worth High SchoolGrades: PK,9-12Distance: 2.3 mi
Schools provided by the listing agent
- Elementary: Palm Springs Elementary School
- Middle: Lake Worth Community Middle
- High: Lake Worth High School
Source: BeachesMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,717,200