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. Units 1 and 2 are currently tenant-occupied, with Unit 3 vacant and ready for immediate occupancy.
Monthly Income:
Unit 1 - $2,100
Unit 2 - $1,450
Unit 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. -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
© BEACHES MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Last Updated: . Source: BMLS
Listing Courtesy
Listing Agent: Maria Termotto (#20018854)
Listing Office: Keller Williams Realty/P B (#607508)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
