About 4138 Kirk Road
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..
Features of 4138 Kirk Road
| MLS® # | R11138493 |
|---|---|
| Price | $680,000 |
| Bathrooms | 2.00 |
| Square Footage | 1,008 |
| Acres | 1.25 |
| Year Built | 1949 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Status | Closed |
Community Information
| Address | 4138 Kirk Road |
|---|---|
| Area | 5700 |
| Subdivision | PALM BEACH FARMS CO 7 |
| City | Lake Worth |
| County | Palm Beach |
| State | FL |
| Zip Code | 33461 |
Amenities
| Amenities | None |
|---|---|
| Utilities | Cable Available, Sewer Available, Water Available |
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
Interior
| Heating | None |
|---|---|
| Cooling | Electric |
Exterior
| Exterior Features | None |
|---|---|
| Roof | Composition |
| Construction | CBS |
School Information
| Elementary | Palm Springs (Palm Beach) |
|---|---|
| Middle | Lake Worth |
| High | Lake Worth |
Additional Information
| Zoning | RM |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | KW Reserve Business Brokerage LLC |
|---|