Christine Prestininzi

THINK HOUSE DREAM HOME

702 50th Street, West Palm Beach, FL 33407 | Listings

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702 50th Street, West Palm Beach, FL 33407

  • $525,000
  • 5 Beds
  • 3 Full Baths
  • 1,700 sq ft
  • Year Built: 1926
  • Single Family
  • Listing #RX-11019438

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 - $2,100Unit 2 - $1,450Unit 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.

Listing Details

Price$525,000
Bedrooms5 Beds
Bathrooms3 Full Baths
Year Built1926
Property TypeSingle Family
Listing #RX-11019438
StatusActive
CountyPalm Beach
Listing TypeFor Sale
Property Taxes (Annual)$3,013.25

Interior Features

Square Feet1,700
FloorsCeramic Tile, Wood Floor
Heating and CoolingNo Heat, Ceiling Fan, Electric, Wall-Win A/C

Exterior Features

ExteriorFrame, Stucco

Miscellaneous

MLS Area5420

Virtual Tour

Virtual Tour URLhttps://www.propertypanorama.com/702-50th-Street-West-Palm-Beach-FL-33407/unbranded

Courtesy of Maria Termotto, Keller Williams Realty/P B561-779-9452

BeachesMLSAll listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2024 BeachesMLS, Inc.
This content last updated on 10/5/2024 5:51 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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