Basic Information

  • MLS # RX-11138487
  • Type Commercial
  • Year Built 1949
  • Total Size 54,450 Sq.Ft / 1.25 Acre
  • Date Listed 11/05/2025
  • Days on Market 104
Description

The current NOI is $53,548 with a 7.65% CAP rate. Build an 11 unit Multifamily, which will increase the total revenue to $363,000 and the NOI to $354,148, at a total cost of $3,671,500, resulting in a cap rate of 10%. 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.

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Parking Description

Interior Features

  • Adjusted Sqft 1.25 AcreSq.Ft
  • Sqft 1.25 Acre Sq.Ft

Property Features

  • Aprox. Lot Size 54,450
  • Furnished Info No
  • Short Sale Regular Sale
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $5,270
  • Tax Year 2024

4138 Kirk

Lake Worth, FL 0

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