Price Reduced 1.43%
Price History
$700,000
11/3/2025
$690,000
12/17/2025
4138 Kirk Road, Lake Worth, FL, 33461
3 beds
2 Full baths
1949
1,008 sqft
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..
Status:
Pending
Type:
Multi-family
Furnished Remarks:
No
Zoning:
RM
Subdivision:
PALM BEACH FARMS CO 7
Heating:
No Heat
Cooling:
Electric
Levels:
1.0
Parking:
Space Parking
Est. Taxes:
$5,270
Construction
CBS
Utilities
Cable,Electric,Public Sewer,Public Water
Lot Description:
1 to < 2 Acres
Amenities:
None
Elementary School:
Palm Springs Elementary School
Middle School:
Lake Worth Community Middle
High School:
Lake Worth High School
MLS #:
RX-11138493
Community Info
School Info
Walk Score
Yelp
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