4138 Kirk RD Active Save Request In-Person Tour Request Virtual Tour
Lake Worth,FL 33461
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,008 sqft
Price per Sqft $694
MLS Listing ID RX-11138493
Bedrooms 3
Full Baths 2
Year Built 1949
Annual Tax Amount $5,269
Tax Year 2024
Lot Size 1.250 Acres
Property Sub-Type Duplex
Property Description
The current NOI is $53,548 with a 7.65% CAP rate. Build 6 additional units, which will increase the total revenue to $206,500 and the NOI to $185,400, at a total cost of $1,901,500, resulting in a cap rate of 9.75%. Alternatively, you could purchase the property and convert the entire project into 11 units. Discover the potential of this rare 1.25-acre parcel, zoned RM (Multi-Family, Medium Density) and located in an unincorporated area. The site may accommodate up to 11 residential units--a prime opportunity for developers or investors seeking a strong growth prospect. Enjoy a strategic location just minutes from I-95, the Florida Turnpike, and a variety of shopping, dining, schools, and employment hubs..
Location
Subdivision Palm Beach Farms Co 7
State FL
County Palm Beach
Area 5700
Zoning RM
Interior
Heating No Heat
Cooling Electric
Flooring Carpet
Exterior
Exterior Feature None
Utilities Available Cable,Electric,Water Available
Amenities Available None
Waterfront Description None
Roof Type Comp Shingle
Building
Lot Description 1 to < 2 Acres
Story 1.0
Foundation CBS
Schools
Elementary Schools Palm Springs Elementary School
Middle Schools Lake Worth Community Middle
High Schools Lake Worth High School
Others
Acceptable Financing Cash,Conventional,FHA
Listing Terms Cash,Conventional,FHA
Virtual Tour https://www.propertypanorama.com/4138-Kirk-Road-Lake-Worth-FL-33461--RX-11138493/unbranded