$525,000
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702 50th ST West Palm Beach, FL 33407
4 Beds
3 Baths
1,700 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,700 sqft
Price per Sqft $282
Subdivision North Palm Beach
MLS Listing ID R11019438
Sold Date 11/26/24
Bedrooms 4
Full Baths 3
HOA Y/N No
Year Built 1926
Annual Tax Amount $3,013
Tax Year 2023
Contingent No Contingencies
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Single Family Residence
Property 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. Unit 1 will be empty by the end of Oct 2024. Unit 2 has a year lease until Sep 2025. Unit 3 has a 6 month lease, until end of March 2025.
Monthly Income:
Unit 1- $2,100 (expires 10/31/25)
Unit 2- $1,450 (9/1/25)
Unit 3- $900 (3/31/25)
-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. -Open parking is available for each unit and is ideal for investors seeking a low-maintenance rental property.
-This property is sold as-is, offering a canvas for future enhancements or customization to increase value and appeal.
-A Proforma is included in the documents tab, providing detailed insights into the financial performance and potential of the property.
Capitalize on the potential of West Palm Beach and secure a property that promises growth and profitability. Act fast before it's gone!
Location
State FL
County Palm Beach
Community North Palm Beach
Area 5420
Interior
Heating None
Cooling Ceiling Fan(s), Electric, Wall/Window Unit(s)
Flooring Ceramic Tile, Hardwood, Wood
Furnishings Unfurnished
Exterior
Pool None
Utilities Available Water Available, Sewer Available
Amenities Available None
Garage No
Private Pool No
Building
Lot Description < 1/4 Acre
Building Description Frame,Stucco, Living Area
Faces West
Story 1
Sewer Not Connected (at lot), Public Sewer, Other
Water Public
Level or Stories One
Structure Type Frame,Stucco
Others
Pets Allowed No
Senior Community No
Restrictions No Restrictions
Tax ID 74434304080570250
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing VA
Pets Allowed No
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Bought with Lifestyle International Realty