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702 50th, West Palm Beach, FL 33407

House Active With Contract
$525,000

BTC: 7.52026712

ETH: 214.06291411

30 days
4 bds
3 ba
1,700 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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

Florida • West Palm Beach • 33407 • House • Active With Contract

Facts and features

Type:
Residential
Parking:
No Data
Year Built:
1926
Lot:
5171 Square Feet
Heating:
No Heat
Price/sqft:
$309
Cooling:
Electric / Ceiling Fan / Wall-Win A/C
HOA:
No Data
All facts and features

  • Flooring

    • Wood Floor

    • Ceramic Tile

    Heating

    • No Heat

    Cooling

    • Electric

    • Ceiling Fan

    • Wall-Win A/C

    Appliances

    • None

    Other interior features

    • None

    Bedrooms and bathrooms

    • Bedrooms: 4

    • Full bathrooms: 3

  • Lot

    • Lot: 5171 Square Feet

    Other Property Information

    • Parcel Number: 74434304080570250

    • Zoning: SF7(ci

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Public Water

    • Public Sewer

  • Other financial information

    • Annual tax amount: $3,013

  • Source details

    • MLS ID: RX-11019438

    Other facts

    • Construction Materials: Frame / Stucco

    • Lot Features: < 1/4 Acre

    • Living Area: 1700

    • Subdivision Name: NORTH PALM BEACH

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The multiple listing information is provided by the Beaches MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Beaches MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Keller Williams Realty/P B