702 50th Street West Palm Beach, FL 33407
$525,000
5 Beds
3 Baths
1700 SQFT
MLS#
RX-11019438
Type
Single Family Detached
Status
Active Listing
Square Footage
1,700
Bedrooms
5
Bathrooms
3 full
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. Units 1 and 2 are currently tenant-occupied, with Unit 3 vacant and ready for immediate occupancy.Monthly Income:Unit 1 - $2,100Unit 2 - $1,450Unit 3 - $1,000-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.
Cooling: Ceiling Fan, Electric, Wall-Win A/C
per month
Principal & Interest
Property Tax
Mortgage Insurance
HOA
Home Owners Insurance
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