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Melissa Carbonell

melissa@melcarbonell.com +1(954) 817-2604

Listed by Keller Williams Realty/P B

$ 525,000

Est. payment -/mo

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Active Under Contract

702 50th ST West Palm Beach, FL 33407

4 Beds

3 Baths

1,700 SqFt

UPDATED:

10/24/2024 01:20 PM

Key Details

Property Type Single Family Home

Sub Type Single Family Detached

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 1,700 sqft

Price per Sqft $308

Subdivision North Palm Beach

MLS Listing ID RX-11019438

Bedrooms 4

Full Baths 3

Construction Status Resale

HOA Y/N No

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

Master Bath None

Interior

Interior Features None

Heating No Heat

Cooling Ceiling Fan, Electric, Wall-Win A/C

Flooring Ceramic Tile, Wood Floor

Furnishings Unfurnished

Exterior

Utilities Available Public Sewer, Public Water

Amenities Available None

Waterfront No

Waterfront Description None

Exposure West

Private Pool No

Building

Lot Description < 1/4 Acre

Story 1.00

Foundation Frame, Stucco

Construction Status Resale

Others

Pets Allowed No

Senior Community No Hopa

Restrictions None

Acceptable Financing Cash, Conventional

Membership Fee Required No

Listing Terms Cash, Conventional

Financing Cash,Conventional

Melissa Carbonell

Broker Associate | License ID: BK3269988

+1(954) 817-2604

Melissa Carbonell

702 50th ST West Palm Beach, FL 33407

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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702 50th ST