Investment Opportunity! Excellent opportunity to acquire a strong cash flowing multifamily asset that is 100% occupied and priced at a 7.5% cap rate. Property consists of (3) duplexes for a total of 6 units on almost an acre of land. Each unit has a similar floor plan comprised of 3 bedrooms and 1 full bath. Upgrades vary by unit and include impact sliders/windows, new ACs (in 4 of 6 units), updated bathrooms/ kitchens, new tile flooring, fresh paint, etc. The exterior was just painted, landscaped, offers plenty of parking, and new exterior lighting. Attached is a brochure with more details.
Multi-familyProperty Type
1979Year Built
0.86 acresLot Size
$276Price/Sq.Ft.
Listed by Daniel DeRogatis• RE/MAX Direct
Listed by Janelle Khan• RE/MAX Direct
Bought with Phuc Dang• Continental Properties, Inc.
Herbertz Villa's Offers a Investor a Opportunity To Acquire A Turn Key Investment Opportunity. The Property Is Comprised Of 6 Villa's each unit 3 bedroom 1 bath. The Property is 100% occupied. 4 of the units are are rented at $1,700 a month. The mangers unit is rented at $500.00 and and the last unit is rented at $1,3000. Comparable units are renting at $1,900 per month. Proforma Cap Rate Is 7.9%.
Public Records
Jun 12, 2006
Sold
$600,000
$102/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$20,482 (+12.3%)
2024
$18,238 (+9.8%)
2023
$16,606 (+25.2%)
2022
$13,260 (+11.0%)
2021
$11,943 (+0.8%)
2020
$11,851 (+1.2%)
2019
$11,716 (+17.9%)
2018
$9,941 (+15.0%)
2017
$8,645 (+11.2%)
2016
$7,776 (+4.4%)
2015
$7,448 (+10.4%)
2014
$6,747 (+12.3%)
2013
$6,009 (+1.8%)
2012
$5,902 (−1.6%)
2011
$5,998
Tax history for 4063 Herbertz Rd
Year
Property tax
Land + Additions
Assessment*
2025
$20,482 (+12.3%)
2024
$18,238 (+9.8%)
2023
$16,606 (+25.2%)
2022
$13,260 (+11.0%)
2021
$11,943 (+0.8%)
2020
$11,851 (+1.2%)
2019
$11,716 (+17.9%)
2018
$9,941 (+15.0%)
2017
$8,645 (+11.2%)
2016
$7,776 (+4.4%)
2015
$7,448 (+10.4%)
2014
$6,747 (+12.3%)
2013
$6,009 (+1.8%)
2012
$5,902 (−1.6%)
2011
$5,998
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
2
Stories
1
Lot width
235 ft.
Lot depth
—
Lot size
0.86 Acres
Year renovated
1989
Sq. Ft.
1,960
Year built
1979
Style
Multi-Family (2-4 Unit)
County
Palm Beach County
APN
00434430010150032
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 28, 2026.
RM
Multifamily Residential District
The RM district is intended primarily for the development of multiple family dwelling units.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Other
Property details
Interior
Virtual Tour Information
Bathroom Information
Bathrooms Total Integer: 4
Interior Features
Flooring: Laminate, Tile
Multi-Family Financial Information
# of Units Total: 4
Gross Income: $163,200
Net Operating Income: $127,314
Tenant Pays: Cable TV, Electricity
Number Of Units In Community: 6
Exterior
Building Information
Building Area Total: 5,880
Building Area Source: Public Records
Construction Materials: Concrete, CBS
Exterior Features
Roof: Composition
Property Information
Property Sub Type: Quadruplex
Property Condition: Resale
Living Area: 5,880
Lot Information
Waterfront YN: No
Waterfront Features: None
Financial
Tax Information
Tax Annual Amount: $16,606.40
Tax Year: 2023
Parcel Number: 00434430010150032
Utilities
Utility Information
Water Source: Public
Electric: Three Phase
Sewer: Septic Tank
Utilities: Water Available
Heating & Cooling
Has Heating
Heating: Central, Electric
Has Cooling
Cooling: Central Air, Electric
Location
HOA Information
Association Amenities: None
School Information
Elementary School: Palm Springs (Palm Beach)
Middle Or Junior School: Lake Worth
High School: Lake Worth
Location Information
Directions: Located south off Lake Worth Road between Military Trail and Congress Ave. From Lake Worth Road turn south onto Herbertz Road. The destination will be on your right side.
Public facts
Beds: —
Baths: 2.0
Sq. Ft.: 1,960
Stories: 1.0
Lot Size: 0.86 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1979
Year Renovated: 1989
County: Palm Beach County
APN: 00434430010150032
Home facts updated by county records on Sep 28, 2026
Around this home
Schools
Palm Springs Elementary School
Public PreK-5 • Assigned • 1.0mi
2/10
Lake Worth Community Middle School
Public 6-8 • Assigned • 2.3mi
3/10
Lake Worth High School
Public PreK-12 • Assigned • 2.3mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
9/10 Heat Factor
7 days above 105° expected this year, 26 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Lake Worth, FL • 33461
Average low and high temperatures (°F)
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68
77
65
Jan
Feb
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Apr
May
Jun
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Sun exposure
In this area, properties receive around 9.2 hours in
June and 6.8 hours in December, placing it above the
U.S. average for solar exposure.
9.2 hrs
6.8 hrs
JuneDecember
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