$700,000

4138 Kirk Road, Lake Worth, FL 33461

  • 1,008 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1949
  • Property Lot Size Icon1.25acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $694/sqft
  • Property List Date Icon Listed 13 days ago

Property Description

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 Status:
Active
Date Added:
November 3, 2025 at 06:00AM
Listing Office:
KW Reserve Business Brokerage LLC : (844) 456-4647
Listing Agent:
John A Diaz : (561) 232-2848
MLS ID:
R11138493
  • Flooring: Carpet
  • A/C: Electric
  • Heating: None
  • General: None
  • Pool: None
  • Roofing: CompositionShingle
  • General: Block1
  • Originating MLS: FTL_RMLS
  • County: Palm Beach
  • Zoning: 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 1700434430010170010
  • Utilities: Cable AvailableElectricity AvailableWater Available
  • Source: FTL_RMLS

This listing courtesy of John A Diaz, KW Reserve Business Brokerage LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Somerset Academy Jfk Charter School

4696 Davis Rd, Lake Worth, FL, 33461

Grades KG-8

0.79 miles away

S

Somerset Academy Jfk Charter School

4696 Davis Rd, Lake Worth, FL, 33461

Grades KG-8

0.79 miles away

P

Palm Beach Preparatory Charter Academy

3525 S Congress Ave, Palm Springs, FL, 33461

Grades 9-12

1.13 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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