West Palm Beach, FL 33407
West Palm Beach, FL 33407
West Palm Beach, FL 33407
34
Listed by Keller Williams Realty/P B
Bought with Lifestyle International Realty
$480,000
$525,000
8.6%
Est.Price: ?

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3 BD
3 BA
1,700 SqFt

West Palm Beach, FL 33407

Est. payment /mo
SOLD DATE : 11/26/2024

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Key Details

Sold Price $480,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,700 sqft

Price per Sqft $282

Subdivision North Palm Beach

MLS Listing ID RX-11019429

Sold Date 11/26/24

Bedrooms 3

Full Baths 3

Construction Status Resale

HOA Y/N No

Year Built 1926

Annual Tax Amount $3,013

Tax Year 2023

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. 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.

Location

State FL

Zoning SF7(ci

Interior

Heating No Heat

Cooling Ceiling Fan, Electric, Wall-Win A/C

Flooring Ceramic Tile, Wood Floor

Exterior

Exterior Feature None

Utilities Available Public Sewer, Public Water

Amenities Available None

Waterfront Description None

Roof Type Built-Up

Private Pool No

Building

Lot Description < 1/4 Acre

Story 1.0

Foundation Frame, Stucco

Construction Status Resale

Others

Senior Community No Hopa

Restrictions None

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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Gemma Peterson

Broker/Owner | License ID: NMLS: 2295908 MLO:2121526

+1(407) 242-7758

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