4138 Kirk Road, Lake Worth, FL 33461

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4138 Kirk Road,Lake Worth, FL 33461
$700,000
  • - Beds
  • - Baths
  • 1,008 sq. ft.
  • Multi-family
  • Active
Listed by: john a diaz
Office: kw reserve business brokerage llc.
MLS#:R11138493
Source:RMLS

Price summary

  • Price:$700,000
  • Price per sq. ft.:$436.95

About this home

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..

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Home facts

  • Year built:1949
  • Listing ID #:R11138493
  • Added:7 day(s) ago
  • Updated:November 14, 2025 at 04:19 PM

Rooms and interior

  • Living area:1,008 sq. ft.

Heating and cooling

  • Cooling:Electric

Structure and exterior

  • Roof:Composition, Shingle
  • Year built:1949
  • Building area:1,008 sq. ft.
  • Lot area:1.25 Acres

Schools

  • High school:Lake Worth
  • Middle school:Lake Worth
  • Elementary school:Palm Springs (Miami Dade)

Utilities

  • Water:Water Available

Finances and disclosures

  • Price:$700,000
  • Price per sq. ft.:$436.95
  • Tax amount:$5,270 (2024)
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