Bought with Lifestyle International Realty
$480,000
$525,000
8.6%For more information regarding the value of a property, please contact us for a free consultation.
702 50th ST West Palm Beach, FL 33407
4 Beds
3 Baths
1,700 SqFt
Key Details
Sold Price $480,000
Property Type Single Family Home
Sub Type Single Family Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,700 sqft
Price per Sqft $282
Subdivision North Palm Beach
MLS Listing ID RX-11019438
Bedrooms 4
Full Baths 3
Year Built 1926
Annual Tax Amount $3,013
Tax Year 2023
Lot Size 5,171 Sqft
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.
Location
State FL
County Palm Beach
Area 5420
Zoning SF7(ci
Rooms
Other Rooms None
Interior
Heating No Heat
Cooling Ceiling Fan, Electric, Wall-Win A/C
Flooring Ceramic Tile, Wood Floor
Exterior
Utilities Available Public Sewer, Public Water
Amenities Available None
Waterfront Description None
Exposure West
Building
Lot Description < 1/4 Acre
Story 1.00
Foundation Frame, Stucco
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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