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.
Property Details
Price:
$525,000
MLS #:
RX-11019438
Status:
Active
Beds:
5
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
See this Listing
Mortgage Calculator
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
Similar Listings Nearby
- 738 Flamingo Way
North Palm Beach, FL$675,000
3.82 miles away
- 5002 Victoria Circle
West Palm Beach, FL$675,000
3.02 miles away
- 2027 Bedford Drive
Palm Beach Gardens, FL$674,999
4.55 miles away
- 1365 Wilderness Road
West Palm Beach, FL$660,000
3.34 miles away
- 158 E 23rd Street
Riviera Beach, FL$650,000
1.76 miles away
- 3735 Torres Circle
West Palm Beach, FL$650,000
3.06 miles away
- 605 48th Street
West Palm Beach, FL$650,000
0.12 miles away
- 343 Balsam Street
Palm Beach Gardens, FL$649,000
4.80 miles away
- 3713 N Flagler Drive
West Palm Beach, FL$649,000
0.77 miles away
- 624 32nd Street
West Palm Beach, FL$645,000
0.99 miles away
Listing courtesy of Keller Williams Realty/P B, (561)–656–2929
© 2024 Beaches Multiple Listing Service BMLS. Information deemed reliable, but not guaranteed.
© 2024 Beaches Multiple Listing Service BMLS. Information deemed reliable, but not guaranteed.
702 50th Street
West Palm Beach, FL
LIGHTBOX-IMAGES