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Wade M. Berlin

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4138 Kirk Road
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PRICED AT ONLY: $700,000

Address: 4138 Kirk Road, Lake Worth, FL 33461

Description

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..
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  • MLS#: RX-11138493 ( Duplex )
  • Street Address: 4138 Kirk Road
  • Viewed: 1
  • Price: $700,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1949
  • Bldg sqft: 0
  • Days On Market: 3
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Features
Building and Construction
  • 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 Information
  • Property Condition: Resale
  • Property Group Id: 19990816212116581394000000
Land Information
  • Lot Description: 1 to < 2 Acres
  • Subdivision Information: None
School Information
  • Elementary School: Palm Springs Elementary School
  • High School: Lake Worth High School
  • Middle School: Lake Worth Community Middle
Eco-Communities
  • Private Pool: No
  • Storm Protection: None
  • Waterfront Details: None
Utilities
  • 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
Finance and Tax Information
  • 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
Rental Information
  • Tenant Pays: Cable, Electric, Gas, Water
Other Features
  • 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
  • Zoning: RM
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Contact Info

  1. The Real Estate Professional You Deserve
  2. Mobile: 904.248.9848
  3. phoenixwade@gmail.com
Wade M. Berlin