$525,000
Off Market

Address Not Shown

West Palm Beach, FL 33407
1700 sqft | #RX-11019429
Type:Multi-Family
Structure:3 Family
Zone:Residential

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 available by 10/31/25. Unit 2 is currently under a lease that runs through 9/1/25. Unit 3 is on a six-month lease, set to expire on 3/31/25.
Monthly Income:
Unit 1 - $2,100
Unit 2 - $1,450
Unit 3 - $900
-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!

  • Interior Details
      • CoolingCeiling Fan, Electric
  • Property Details
      • Lot Features< 1/4 Acre
      • Lot Description< 1/4 Acre
      • Stories1
    • Measurements
      • Square Feet1700
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1926
    • Material information
      • RoofBuilt-Up
  • Utilities / Energy Details
      • Utility FeaturesPublic Sewer, Public Water
  • Community and Neighborhood Details
      • SubdivisionNORTH PALM BEACH
    • Location
      • ZoningSF7(ci
  • Financial Details
      • Original List Price$525,000
      • Taxes Annual$3,013
  • Other
      • MLS #RX-11019429

Location

Martyna MialkaReal Estate Group