$ 700,000
-
$700,000
Price -
153
Bed -
102
Bath -
1,008
SqFt
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About the Listing 276670741 - 20001010
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..
Listing Highlights
Interior Details
- Bedrooms: 153
- Bathrooms: 102 Full
- Appliances:
- Air Cond: Electric
- Heating:
- Fireplaces:
- Floor: Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 1 to < 2 Acres
- Zoning: RM
- Roof: Composition,Shingle
- Others:
- Sewer:
Financial Details
- Tax Amount: $5,270
- Taxes w/Assessments: N/A
- Tax/Property ID: 00434430010170010
- Tax Year: 2024
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
4138 Kirk Rd Lake Worth, FL 33461
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