4138 Kirk Rd Lake Worth, FL 33461
Lake Worth Corridor NeighborhoodEstimated payment $4,136/month
Total Views
4,922
--
Bed
--
Bath
1,008
Sq Ft
$694
Price per Sq Ft
Highlights
- 54,450 Sq Ft lot
- Carpet
- No Heating
- Cooling Available
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..
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,270
Year Built
- Built in 1949
Lot Details
- 1.25 Acre Lot
Home Design
- Duplex
- Shingle Roof
- Composition Roof
Interior Spaces
- 1,008 Sq Ft Home
- 1-Story Property
- Carpet
Schools
- Palm Springs Elementary School
- Lake Worth Middle School
- Lake Worth High School
Utilities
- Cooling Available
- No Heating
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 00434430010170010
- Seller Considering Concessions
Community Details
Overview
- 2 Units
- Palm Beach Farms Co 7 Subdivision
Building Details
- Operating Expense $8,852
- Net Operating Income $53,548
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,270 | $267,259 | -- | -- |
| 2023 | $4,910 | $242,963 | $268,701 | $17,580 |
| 2022 | $4,564 | $220,875 | $0 | $0 |
| 2021 | $4,080 | $200,795 | $187,500 | $13,295 |
| 2020 | $4,096 | $200,810 | $187,500 | $13,310 |
| 2019 | $4,145 | $200,810 | $187,500 | $13,310 |
| 2018 | $3,995 | $233,731 | $222,105 | $11,626 |
| 2017 | $3,499 | $182,476 | $170,850 | $11,626 |
| 2016 | $3,208 | $153,639 | $0 | $0 |
| 2015 | $1,604 | $79,350 | $0 | $0 |
| 2014 | $1,153 | $75,152 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/31/2025 10/31/25 | For Sale | $700,000 | +366.7% | -- | |
| 05/14/2015 05/14/15 | Sold | $150,000 | -3.2% | $149 / Sq Ft | View Prior Sale |
| 04/14/2015 04/14/15 | Pending | -- | -- | -- | |
| 02/12/2015 02/12/15 | For Sale | $155,000 | -- | $154 / Sq Ft |
Source: BeachesMLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $150,000 | First American Title Ins Co | |
| Warranty Deed | $37,298 | -- | |
| Warranty Deed | $92,000 | -- | |
| Warranty Deed | $81,000 | -- | |
| Warranty Deed | $47,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $135,000 | New Conventional | |
| Previous Owner | $78,200 | New Conventional | |
| Previous Owner | $72,900 | New Conventional | |
| Previous Owner | $37,600 | No Value Available |
Source: Public Records
About the Listing Agent
CALL ME 844-456-4647 TO BUY OR SELL YOUR HOME! 1.) YOUR HOME WILL SELL FOR MORE $. I will sell your home for Top Dollar! I have helped close to a thousand clients. The last 10 homes I have sold, My Average SOLD is 99% List Price. Average agents in the area sell homes for 95% of list price or less. On a $400,000 home, that's an extra $16,000 more money in your pocket.
2.) YOUR HOME IS MORE LIKELY TO SELL. Sellers automatically think their home is going to sell when they put it on the
John's Other Listings
Source: BeachesMLS
MLS Number: R11138493
APN: 00-43-44-30-01-017-0010
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