4138 Kirk Road Lake Worth, FL 33461

AGENT'S REMARKS ABOUT 4138 KIRK ROAD

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..