702 50th Street, West Palm Beach, FL 33407
- $480,000
- 4
- BD
- 3
- BA
- 1,700
- SqFt
- Sold Price
- $480,000
- List Price
- $525,000
- Days on Market
- 42
- Closing Date
- Nov 26, 2024
- MLS#
- R11019438
- Bedrooms
- 4
- Full Bathrooms
- 3
- Sq. Ft
- 1,700
- Lot Size
- 5,227
- Subtype
- Single Family Residence
- County
- Palm Beach
- Subdivision
- North Palm Beach
- Year Built
- 1926
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. -Open parking is available for each unit and is ideal for investors seeking a low-maintenance rental property. -This property is sold as-is, offering a canvas for future enhancements or customization to increase value and appeal. -A Proforma is included in the documents tab, providing detailed insights into the financial performance and potential of the property. Capitalize on the potential of West Palm Beach and secure a property that promises growth and profitability. Act fast before it's gone!
Additional Information
- Pets Allowed
- No
- Construction
- Frame, Stucco
- Cooling
- Ceiling Fan(s), Electric, Wall/Window Unit(s)
- Equipment
- None
- Flooring
- Ceramic Tile, Wood
- Furnished
- Unfurnished
- Heating
- None
- Restrict
- NoRestrictions
- Taxes
- $3,013
- Utilities
- Sewer Available, Water Available
- Amenities
- None
- Waterfront
- None
- Stories
- 1
- Acres
- 0.12
- Price Per Sqft
- $282
Mortgage Calculator
Listing courtesy of Keller Williams Realty/P B. Contact:
Selling Office: Lifestyle International Realty.
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: Maria Termotto-Horwitz | Email: BestHomeEverTeam@gmail.com