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.
Property Details
Price:
$525,000
MLS #:
RX-11019438
Status:
Active Under Contract
Beds:
4
Baths:
3
Address:
702 50th Street
Type:
Single Family
Subtype:
Single Family Detached
Subdivision:
NORTH PALM BEACH
City:
West Palm Beach
Listed Date:
Sep 9, 2024
State:
FL
Finished Sq Ft:
1,700
ZIP:
33407
Lot Size:
5,171 sqft / 0.12 acres (approx)
Year Built:
1926
Schools
Interior
Pets Allowed
No
Exterior
Garage Spaces
0.00
Homeowners Assoc
None
Storm Protection
None
Total Floors/ Stories
1.00
Financial
Map
Community
- Address702 50th Street West Palm Beach FL
- SubdivisionNORTH PALM BEACH
- CityWest Palm Beach
- CountyPalm Beach
- Zip Code33407
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Listing courtesy of Keller Williams Realty/P B, (561)–656–2929
© 2024 Beaches Multiple Listing Service BMLS. Information deemed reliable, but not guaranteed. This site was last updated 2024-11-23.
© 2024 Beaches Multiple Listing Service BMLS. Information deemed reliable, but not guaranteed. This site was last updated 2024-11-23.
702 50th Street
West Palm Beach, FL
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