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N/A, West Palm Beach, FL – $525,000

  • $525k Price
  • 3 Beds
  • 3 Baths
  • 1,700 Sqft
  • $525k Price
  • 3 Beds
  • 3 Baths
  • 1,700 Sqft

(Undisclosed Address)

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.-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!

Essential Information

  • MLS® #RX-11019429
  • Price$525,000
  • Bedrooms3
  • Bathrooms3.00
  • Full Baths3
  • Square Footage1,700
  • Year Built1926
  • TypeMulti-Family
  • Sub-TypeTriplex
  • StyleNo
  • StatusActive Under Contract

Community Information

  • AddressN/A
  • SubdivisionNORTH PALM BEACH
  • CityWest Palm Beach
  • StateFL
  • Zip Code33407

Amenities

  • UtilitiesPublic Sewer, Public Water
  • WaterfrontNone

Interior

  • HeatingNo Heat
  • # of Stories1

Cooling

Ceiling Fan, Wall-Win A/C, Electric

Exterior

  • Exterior FeaturesNone
  • Lot Description< 1/4 Acre
  • RoofBuilt-Up
  • ConstructionFrame, Frame/Stucco

Additional Information

  • Listing Courtesy ofKeller Williams Realty/P B
  • Date ListedSeptember 9th, 2024
  • ZoningSF7(ci
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