Overview
- Category
- Single Family Detached
- Updated On:
- September 9, 2024
- Property ID
- 127396
- 5 Bedrooms
- 3 Bathrooms
- 1,700 ft2
Description
Introducing a rare opportunity to own a Spanish-style detached triplex in the sought-after area of West Palm Beach. This investment gem offers a current cap rate of 8.61%, making it an attractive option for those looking to enhance their real estate portfolio.Property Highlights:-Three separate rental units present a steady income stream. Units 1 and 2 are currently tenant-occupied, with Unit 3 vacant and ready for immediate occupancy.Monthly Income:Unit 1 – $2,100Unit 2 – $1,450Unit 3 – $1,000-Built on a 50 x 105 lot, this property showcases classic stucco exterior walls with a durable built-up roof, ensuring long-lasting quality and minimal maintenance.
Address: 702 50th Street, West Palm Beach, FL 33407
Area: Other
State/County: Palm Beach
Zip: 33407
Country: United States
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Property Id : 127396
Price: $ 525,000
Property Size: 1,700 ft2
Property Lot Size: 5,171 ft2
Bedrooms: 5
Bathrooms: 3
MLS Identifier: RX-11019438
Type: Single Family Detached
Listing Date: 2024-09-09
Expiration Date: 2025-03-07
Status: Active
List Price: 525000.00
Sqft Living: 1700.00
Sqft Total: 1700.00
Main Level Bedrooms: 5
Total Bedrooms: 5
Baths Total: 3.00
Baths Half: 0
Baths Full: 3
Total Floors/Stories: 1.00
Covered Spaces: 0.00
Private Pool: No
Garage Spaces: 0.00
Year Built: 1926
Utilities: Public Sewer,Public Water
Equipment/Appliances: None
Cooling: Ceiling Fan,Electric,Wall-Win A/C
Heating: No Heat
Flooring: Ceramic Tile,Wood Floor
Storm Protection: None
Furnished: Unfurnished
Rooms: None
Subdivision: Other
Homeowners Assoc: None
HOPA: No Hopa
Gated Community: No
Pets Allowed: No
Tax Year: 2023
Taxes: 3013.25
Zoning: SF7(ci
Legal Desc: NORTH PALM BEACH PLAT 4 LTS 25 & 26 BLK 57
$ 2,286.63
per month- Principal and Interest
- Property Tax
- HOA fee
$ 2,035.53
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Your information
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