Address Not Shown
West Palm Beach, FL 33407
1700 sqft | #RX-11019429
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
Legal
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Last Updated: . Source: BMLS
Listing Courtesy
Listing Agent: Maria Termotto (#20018854)
Listing Office: Keller Williams Realty/P B (#607508)