Property Details
| Sold Price | $680,000 |
|---|---|
| Last Asking Price | $680,000 |
| Price per SqFt | $675 |
| Maintenance fee | Inquire |
| Property Taxes | $5,270 2024 |
| Interior Space | 1,008 SqFt |
| Beds/Baths | —/— |
| Year Built | 1949 |
| Pool | No |
| Lot Size | 1.25 acres |
| Closed Date | 2/6/2026 |
| MLS # | R11138493 |
Estimated Costs
An estimate of condo or HOA fees and property taxes
Monthly carry is not computed when the association fee or the taxes are not provided.
From the listing
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..
Listed by KW Reserve Business Brokerage LLC
Sales History for This Home · 4138 Kirk Road, Lake Worth, FL 33461
| Sale ⇅ | Sold Price ⇅ | Closed Date ⇅ |
|---|---|---|
| R11136827 | $680,000 | 2/6/26 |
| R10111106 | $150,000 | 5/14/15 |
Listed by KW Reserve Business Brokerage LLC. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Lake Worth and throughout South Florida.
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Location
The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.