North Palm Beach Triplex For Sale
702 50th Street, West Palm Beach, FL 33407

$525,000
New For Sale
Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker

Details


  • MLS Number:R11019429
  • Virtual Tour: YES
  • List Price: $525,000
  • Living Area: 1700 Ft² / 158 M²
  • Price Per Foot/Meter: $309 / $3,324
  • Taxes:$3,013
  • Year Built:1926
  • Listing Date:September 9, 2024
  • Days On Market:29
  • Total Units:3

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 - $2,100Unit 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.

Features


  • Floor:CeramicTile, Wood
  • Exterior Feature:None

Location


Price History


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Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker