Homes for sale - 4138 Kirk RD, Lake Worth, FL 33461

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Dennis Lue Yat

dennis@luxeiqgroup.com +1(561) 571-1425

Listed by KW Reserve Business Brokerage LLC

$3,671,500

Est. payment - /mo

22 Baths

1,008 SqFt

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Key Details

Property Type Commercial

Sub Type MultiFamily (5+ Units)

Listing Status Active

Purchase Type For Sale

Square Footage 1,008 sqft

Price per Sqft $3,642

MLS Listing ID RX-11138487

Year Built 1949

Annual Tax Amount $5,269

Tax Year 2024

Lot Size 1.250 Acres

Property Sub-Type MultiFamily (5+ Units)

Property Description

The current NOI is $53,548 with a 7.65% CAP rate. Build an 11 unit Multifamily, which will increase the total revenue to $363,000 and the NOI to $354,148, at a total cost of $3,671,500, resulting in a cap rate of 10%. 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 None

Flooring Other

Fireplaces Type None

Exterior

Utilities Available Cable, Electric, Water Available

Waterfront Description None

Roof Type Comp Shingle

Security None

Building

Story 100.00

Others

Security Features None

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Financing Cash,Conventional,FHA

Virtual Tour https://www.propertypanorama.com/4138-Kirk-Road-Lake-Worth-FL-33461--RX-11138487/unbranded

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Dennis Lue Yat

+1(561) 571-1425

Broker | SL3301099

Broker SL3301099

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4138 Kirk RD Lake Worth, FL 33461

Dennis Lue Yat

Key Details

Location

Interior

Exterior

Building

Others

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