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
Sold Date 11/26/24
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 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
Horse Property No
Membership Fee Required No
Listing Terms Cash, Conventional
Financing Cash,Conventional
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