702 50th ST Save Request In-Person Tour Request Virtual Tour
West Palm Beach,FL 33407
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
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 No
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