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702 50th Street, West Palm Beach, Florida 33407

Active For Sale
$525,000
  • Beds 5
  • Baths 3
  • Sq Ft 1,700 Sqft
  • Visits: 1 in 6 days

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.

Features

  • Swimming Pool: No
  • Heating System: No
  • Cooling System: Electric, Ceiling Fan(s), Wall/window Unit(s)
  • Pet Policy: No
  • Furnished: Unfurnished

Appliances

  • Appliances: No

Address Map

  • Country: US
  • State: FL
  • County: Palm Beach
  • City: West Palm Beach
  • Subdivision: NORTH PALM BEACH
  • Zipcode: 33407
  • Street: 50th Street
  • Street Number: 702
  • Floor Number: 0
  • Longitude: W81° 56′ 31.9”
  • Latitude: N26° 45′ 23.6”
  • MLS Area: 5420

MLS Addon

  • Association Amenities: Other
  • Association Fee: $0
  • Close Price: $0
  • Community Features: Non-gated
  • Flooring: Ceramic Tile, Wood
  • Insurance Expense: $0
  • Listing Terms: Cash, Conventional
  • Lot Features: < 1/4 Acre
  • Lot Size Dimensions: < 1/4 Acre
  • New Taxes Expense: $0
  • Stories Total: 1
  • Tax Annual Amount: $3,013
  • Tax Year: 2023
  • Utilities: Sewer Available, Water Available

Location

Listing Updated: 2024-09-14 02:01:45

  • Property Type : Single Family
  • Property Sub Type : Single Family Residence
  • Listing Type : For Sale
  • Listing ID : R11019438
  • Price : $525,000
  • View : Lake
  • Bedrooms : 5
  • Bathrooms : 3
  • Full Bathrooms : 3
  • Half Bathrooms : 0
  • Square Footage : 1,700 Sqft
  • Year Built : 1926
  • Lot Area : 0 Acre
  • Listing Status : Active
  • Days On Market : 5
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