tomo logo

$1,695,000

Beds
Unknown
sq ft
5,880

4063 Herbertz Rd, Lake Worth, FL 33461

4063 Herbertz Rd

Lake Worth, FL 33461

  • 109 days on market
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.

Details

Property type

Est. home value

$2,060,265

Lot size

0.86 acres

Price per sq ft

$289

Year built

1979

Annual property taxes

$16,606

HOA

Yes

Price History

06/18/2024
Beaches

Beaches #R10997031

Listed
$1,695,000
-10.78%
05/03/2024
Beaches

Beaches #R10918420

Removed
$1,899,700
03/21/2024
Beaches

Beaches #R10918420

Price change
$1,899,700
-5%

Schools & Community

Elementary school: 

Palm Springs

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Republic Bank

Loan start date

September 2022

Original loan amount

$845,000

Est. remaining balance

Not provided

Interest rate

4.58%

Loan type

Commercial, 10 year

Seller

4063 Herbertz Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 10/05/2024 at 4:25 AM

Listing updated: 09/30/2024 at 5:17 PM

Listed by: Daniel DeRogatis, Re/Max Direct Phone #: (561) 952-2680

MLS: Beaches #R10997031

Beaches logo

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