- MLS#: RX-11138493 ( Duplex )
- Street Address: 4138 Kirk Road
- Viewed: 13
- Price: $700,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1949
- Bldg sqft: 0
- Days On Market: 46
- Additional Information
- Geolocation: 26.6159 / -80.1049
- County: PALM BEACH
- City: Lake Worth
- Zipcode: 33461
- Subdivision: Palm Beach Farms Co 7
- Elementary School: Palm Springs
- Middle School: Lake Worth Community
- High School: Lake Worth
- Provided by: KW Reserve Business Brokerage LLC
- Contact: John A Diaz
- (844) 456-4647
- DMCA Notice
-
DescriptionBuild 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..
- Principal & Interest -
- Property Tax $
- Home Insurance $
- HOA Fees $
- Monthly -
Apply Now- Absolute Longitude: 80.104934
- Construction: CBS
- Exterior Features: None
- Flooring: Carpet
- Roof: Comp Shingle
- Sqft Source: Tax Rolls
- Sqft Total: 1602.00
- Total Building Sqft: 1008.00
- Property Condition: Resale
- Property Group Id: 19990816212116581394000000
- Lot Description: 1 to < 2 Acres
- Subdivision Information: None
- Elementary School: Palm Springs Elementary School
- High School: Lake Worth High School
- Middle School: Lake Worth Community Middle
- Private Pool: No
- Storm Protection: None
- Waterfront Details: None
- Carport Spaces: 2.00
- Cooling: Electric
- Heating: No Heat
- Number Of Stories: 1.0
- Separate Elec Meters: Yes
- Separate Wtr Meters: Yes
- Utilities: Cable, Electric, Water Available
- Homeowners Assoc: None
- Income Expenses Annual Net Oper Inc: 53548.00
- Income Expenses Annual Total Expense: 8852.00
- Income Expenses Gross Operating Inc: 62400.00
- Source Of Expenses: Owner
- Tax Year: 2024
- Tenant Pays: Cable, Electric, Gas, Water
- Avail Info: None
- Country: United States
- Housing For Older Persons Act: No Hopa
- Legal Desc: PALM BEACH FARMS CO PL 7 LT A (LESS N 15 FT L-12 CNL R/W) & N 56.86 FT OF LT B BLK 17
- Parcel Id: 00434430010170010
- Possession: At Closing, Funding
- Views: 13
- Zoning: RM
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- Richard Rovinsky, REALTOR ®
- Tropic Shores Realty
- Mobile: 843.870.0037
- Office: 352.515.0726
- rovinskyrichard@yahoo.com