4138 Kirk Road, Lake Worth, FL 33461
- $680,000
- 2
- BA
- 1,008
- SqFt
- Sold Price
- $680,000
- List Price
- $680,000
- Days on Market
- 98
- Closing Date
- Feb 06, 2026
- MLS#
- R11138493
- Sq. Ft
- 1,008
- Subtype
- Duplex
- County
- Palm Beach
- Subdivision
- Palm Beach Farms Co 7
- Year Built
- 1949
Property Description
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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Additional Information
- Construction
- Block
- Cooling
- Electric
- Flooring
- Carpet
- Heating
- None
- Restrict
- NoRestrictions
- Roof
- Composition
- Taxes
- $5,269
- Utilities
- Cable Available, Sewer Available, Water Available
- Amenities
- None
- Waterfront
- None
- Stories
- 1
- Acres
- 1.25
- Price Per Sqft
- $674
- Elementary School
- Palm Springs (Palm Beach)
- Middle School
- Lake Worth
- High School
- Lake Worth
Mortgage Calculator
Listing courtesy of KW Reserve Business Brokerage LLC. Contact:
Selling Office: Partnership Realty Inc..
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: John A Diaz | Email: johndiazgroup@gmail.com