$1,620,000
SOLD MAR 14, 2025

4063 Herbertz Rd Lake Worth, FL 33461

Lake Worth Corridor Neighborhood
-- Bed
-- Bath
5,880 Sq Ft
0.86 Acres

Recently Sold

$276 Per Sq Ft

4% Below List Price

268 Days on Market

Highlights

  • 37,462 Sq Ft lot
  • Tile Flooring
  • Central Heating and Cooling System
  • Garden View

About This Home

As of March 2025

Investment Opportunity! Excellent opportunity to acquire a strong cash flowing multifamily asset that is 100% occupied and priced at a 7.5% cap rate. Property consists of (3) duplexes for a total of 6 units on almost an acre of land. Each unit has a similar floor plan comprised of 3 bedrooms and 1 full bath. Upgrades vary by unit and include impact sliders/windows, new ACs (in 4 of 6 units), updated bathrooms/ kitchens, new tile flooring, fresh paint, etc. The exterior was just painted, landscaped, offers plenty of parking, and new exterior lighting. Attached is a brochure with more details.

Last Agent to Sell the Property

Daniel DeRogatis

Re/Max Direct License #3043169

Re/Max Direct

Co-Listed By

Janelle Khan

Re/Max Direct License #3532296

Last Buyer's Agent

Phuc Dang

Continental Properties, Inc. License #3381469

Continental Properties, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,606

Year Built

  • Built in 1979

Lot Details

  • 0.86 Acre Lot

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 5,880 Sq Ft Home
  • 1-Story Property
  • Garden Views

Flooring

  • Laminate
  • Tile

Schools

  • Palm Springs Elementary School
  • Lake Worth Middle School
  • Lake Worth High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 00434430010150032

Community Details

Overview

  • 4 Units
  • Palm Beach Farms Co 7 Subdivision

Building Details

  • Operating Expense $35,886
  • Net Operating Income $127,314

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,606

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: Located south off Lake Worth Road between Military Trail and Congress Ave. From Lake Worth Road turn south onto Herbertz Road. The destination will be on your right side.
  • Year Built: 1979
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Laminate, Tile
  • Living Area: 5880.0

Exterior Features

  • Exterior Features: None
  • View: Garden
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Pet on Property
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Schools

  • Elementary School: Palm Springs (Miami Dade)
  • High School: Lake Worth
  • Middle Or Junior School: Lake Worth

Lot Info

  • Parcel #: 00434430010150032
  • Lot Size: 1/2 to < 1 Acre
  • Lot Size Sq Ft: 37462.0
  • Zoning Description: RM
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 127314.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 35886.0

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 16606.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2025 03/14/25 Sold $1,620,000 -4.4% $276 / Sq Ft
06/18/2024 06/18/24 For Sale $1,695,000 0.0% $288 / Sq Ft
09/22/2022 09/22/22 For Rent $2,200 0.0% --
09/22/2022 09/22/22 Rented $2,200 0.0% --
03/31/2022 03/31/22 Sold $1,250,000 0.0% $213 / Sq Ft
03/01/2022 03/01/22 Pending -- -- --
02/23/2022 02/23/22 For Sale $1,250,000 -- $213 / Sq Ft
Source: BeachesMLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $18,238 $925,506 -- --
2023 $16,606 $841,369 $278,406 $562,963
2022 $13,260 $538,808 $0 $0
2021 $11,943 $623,637 $206,145 $417,492
2020 $11,851 $674,898 $300,000 $374,898
2019 $11,716 $691,704 $300,000 $391,704
2018 $9,941 $630,942 $289,170 $341,772
2017 $8,645 $491,472 $144,585 $346,887
2016 $7,777 $304,143 $0 $0
2015 $7,449 $276,494 $0 $0
2014 $6,748 $251,358 $0 $0
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $950,000 New Conventional
Closed $950,000 New Conventional
Previous Owner $845,000 New Conventional
Previous Owner $480,000 Seller Take Back
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $1,620,000 None Listed On Document
Warranty Deed $1,620,000 None Listed On Document
Warranty Deed $1,250,000 Kelley & Grant Pa
Warranty Deed $600,000 Sunbelt Title Agency
Source: Public Records

Source: BeachesMLS

MLS Number: R10997031

BeachesMLS

APN: 00-43-44-30-01-015-0032

Florida Palm Beach County Lake Worth 33461 Lake Worth Corridor

4063 Herbertz Rd, Lake Worth, FL

Homes for Sale in Lake Worth, FL

This home is located at 4063 Herbertz Rd, Lake Worth, FL 33461 and is currently priced at $1,620,000, approximately $275 per square foot. This property was built in 1979. 4063 Herbertz Rd is a home located in Palm Beach County with nearby schools including Palm Springs Elementary School, Lake Worth High School, and Lake Worth Community Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.