NOT LISTED FOR SALE

4163 42nd Ave S Lake Worth, FL 33461

Lake Worth Corridor Neighborhood

Estimated Value: $863,980 - $1,300,000

-- Bed
6 Baths
5,824 Sq Ft
$182/Sq Ft Est. Value

Last Sold December 16, 2020

Last sale price $725,000 $124 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $7,130/month

19 Days on Market

Highlights

  • Garden View
  • Ceramic Tile Flooring
  • Ceiling Fan
  • Jalousie or louvered window
  • Central Heating and Cooling System

About This Home

As of December 2020

Multi-Family 6 unit property for sale in Lake Worth area. The property consists of 2 separate 1 story buildings. Each building provides 3 units. Four/4 - Two/2 Bedrooms Two/2 Bathrooms and Two/ 2 Three/3 Bedrooms Two/2 Bathrooms. 2 separate parking areas with 16 spaces total. Fully Leased at a 7.75 cap.Property is located in heart of central Lake Worth Area just east of Military Trail. NO RESTRICTIONS, NO HOA, SEPARATE WATER and ELECTRIC METERS on all 6 units, all units have central a/c's, all tiled, aluminum windows. Property has a septic system. 2 of the 6 Units recently remodeled to show market rents. 4 units are long term tenants which are very below market rent. This is an amazing opportunity. being sold AS-IS with some Leases and Month to Month Leases.

Last Agent to Sell the Property

Max Prestianni

Towne & Country Real Estate, LLC License #3033361 Listed on: 10/27/2020

Last Buyer's Agent

Olivia Allmon

Affluent Realty of Florida Cor License #3081085

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,598

Year Built

  • Built in 1978

Lot Details

  • 0.63

Home Design

  • Triplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 5,824 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Jalousie or louvered window
  • Ceramic Tile Flooring
  • Garden Views

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 00424425000001050

Community Details

Overview

  • 4 Units
  • Acreage & Unrec Subdivision

Building Details

  • Operating Expense $17,630
  • Net Operating Income $44,710

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,598

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: 6th Avenue west to Kirt Road head north on Kirt to Selberg head West to property.
  • Year Built: 1978
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 5824.0
  • Window Features: Jalousie

Exterior Features

  • View: Garden
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Yn: No

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 00424425000001050
  • Zoning Description: RM

Rental Info

  • Tenant Pays: Exterior Electric, Water

Multi Family

  • Property Net Operating Income: 44710.0
  • Number Of Units Total: 4
  • Annual Operating Expense: 17630.0

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 8598.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 28, 2009
Sold by
American Liberty For Cosmic Property Llc
Bought by
Capital Homes Lending Llc
Current Estimated Value
$1,062,245

Purchase Details

Closed on
Feb 28, 2008
Sold by
American Liberty For Cosmic Property Llc
Bought by
Kishk Nabil

Purchase Details

Closed on
Dec 21, 2007
Sold by
Kishk Nabil
Bought by
American Liberty For Cosmie Property Llc

Purchase Details

Closed on
Nov 8, 2007
Sold by
Kishk Nabil
Bought by
American Liberty For Cosmic Property Llc

Purchase Details

Closed on
Dec 1, 2006
Sold by
4162 Forty Two Llc
Bought by
Kishk Nabil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.36%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Nov 1, 2006
Sold by
Byrne Robert T and Byrne Arlene A
Bought by
4162 Forty Two Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.36%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jun 18, 2003
Sold by
Byrne Robert T and Byrne Arlene A
Bought by
Byrne Robert T and Byrne Arlene A

Purchase Details

Closed on
Nov 25, 1997
Sold by
Khan Gulnaz L
Bought by
Byrne Robert T and Byrne Arlene A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
7.27%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Capital Homes Lending Llc -- Attorney
Kishk Nabil -- Attorney
American Liberty For Cosmie Property Llc -- Attorney
American Liberty For Cosmic Property Llc -- Attorney
Kishk Nabil $525,000 Attorney
4162 Forty Two Llc -- Attorney
Byrne Robert T -- --
Byrne Robert T $220,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 4163 42Nd Ave S Llc $3,662,500
Closed 4163 42Nd Ave S Llc $543,750
Previous Owner Kishk Nabil $450,000
Previous Owner Byrne Robert T $48,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2020 12/16/20 Sold $725,000 -6.9% $124 / Sq Ft
11/16/2020 11/16/20 Pending -- -- --
10/27/2020 10/27/20 For Sale $779,000 -- $134 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

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 $16,103 $796,269 -- --
2023 $15,194 $723,881 $208,290 $595,560
2022 $15,270 $658,074 $0 $0
2021 $12,906 $598,249 $272,580 $325,669
2020 $10,400 $536,611 $204,000 $332,611
2019 $10,056 $521,506 $204,000 $317,506
2018 $8,598 $487,811 $201,735 $286,076
2017 $7,936 $441,257 $155,181 $286,076
2016 $7,370 $272,881 $0 $0
2015 $7,348 $248,074 $0 $0
2014 $6,082 $225,522 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Max Prestianni

    Seller's Agent in 2020

    Max Prestianni

    Towne & Country Real Estate, LLC

    (561) 504-8280

    1 in this area

    3 Total Sales

    Max Prestianni
    Section Image

  • O

    Buyer's Agent in 2020

    Olivia Allmon

    Affluent Realty of Florida Cor

    (561) 927-5009

    1 in this area

    10 Total Sales

    Olivia Allmon
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10666481

BeachesMLS

APN: 00-42-44-25-00-000-1050

Florida Palm Beach County Lake Worth 33461 Lake Worth Corridor

4163 42nd Ave S, Lake Worth, FL

This home is located at 4163 42nd Ave S, Lake Worth, FL 33461 since 27 October 2020 and is currently estimated at $1,062,245, approximately $182 per square foot. This property was built in 1978. 4163 42nd Ave S is a home located in Palm Beach County with nearby schools including Diamond View Elementary School, Lake Worth High School, and Tradewinds Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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