4138 Kirk RD, Lake Worth, FL 33461 - MLS#RX-11138487

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Wed

Jan

Thu

Jan

Fri

Jan

Kate Zhurko

kate.zhurko@compass.com +1(954) 734-5980

Listed by KW Reserve Business Brokerage LLC

$3,671,500

Est. payment - /mo

22 Baths

1,008 SqFt

Save Virtual Tour

UPDATED:

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

Subdivision Palm Beach Farms Co 7

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

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

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

Read Less Info

Get More Information

Kate Zhurko

+1(954) 734-5980

Broker Associate | License ID: 3229050

Broker Associate License ID: 3229050

Quick Search

4138 Kirk RD Lake Worth, FL 33461

Kate Zhurko

Key Details

Location

Interior

Exterior

Building

Others

Get More Information