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4138 Kirk, Lake Worth, FL 33461

Multi-family For Sale
$690,000

BTC: 7.99073538

ETH: 235.81681476

-$10K (2025/12/17)
55 days
0 room(s)
1,008 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

The current NOI is $53,548 with a 7.65% CAP rate. 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..

Location

Florida • Lake Worth • 33461 • Multi-family • For Sale

Facts and features

Type:
Residential
Parking:
No Data
Year Built:
1949
Lot:
54450 Square Feet
Heating:
No Data
Price/sqft:
$685
Cooling:
No Data
HOA:
No Data
All facts and features

  • Lot

    • Lot: 54450 Square Feet

    Other Property Information

    • Parcel Number: 00434430010170010

    • Zoning: RM

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Duplex

  • Other financial information

    • Annual tax amount: $5,270

  • Source details

    • MLS ID: RX-11138493

    Other facts

    • Direction Faces: 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

    • Garage: Yes

    • Living Area: 1008

    • Subdivision Name: PALM BEACH FARMS CO 7

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The multiple listing information is provided by the Beaches MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025-present Beaches MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: KW Reserve Business Brokerage LLC