North Palm Beach 4 bedroom Single Family House For Sale
702 50th Street, West Palm Beach, FL 33407

$480,000
Sold
Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker

Details


  • MLS Number:R11019438
  • Virtual Tour: YES
  • List Price: $525,000
  • Sold Price: $480,000
  • Living Area: 1700 Ft² / 158 M²
  • Price Per Foot/Meter: $282 / $3,039
  • Bedrooms:4
  • Full Baths:3
  • Taxes:$3,013
  • Year Built:1926
  • Listing Date:September 9, 2024
  • Sold Date: November 26, 2024
  • Days On Market:77

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- $2,100 (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.

Features


  • Floor:CeramicTile, Wood
  • Interior Feature:
  • Exterior Feature:

Location


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Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker