MLS #RX-11019429

, ,
$525,000
Beds
0 Baths
1,700 SqFt
0 Acres
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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.

Property Details

Price:
$525,000
MLS #:
RX-11019429
Status:
Active Under Contract
Baths:
0
Address:
Type:
Residential Income
Subtype:
Triplex
Subdivision:
NORTH PALM BEACH
City:
West Palm Beach
Listed Date:
Sep 9, 2024
State:
FL
Finished Sq Ft:
1,700
ZIP:
33407
Year Built:
1926
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Cynthia Nalley

Cynthia Nalley

Managing Broker

Cell Phone 561 309-7770

Cynthia Nalley is Co-Broker of Acquire Palm Beach and manages the business operations in addition to real estate transactions. She is a Project Management Professional (PMP) who has created technology systems and managed complex projects for SunTrust, Citibank, JP Morgan Chase, and many more. Cynthia is a longtime Downtown West Palm Beach resident and advocate. She serves on the WPB Downtown Development Authority Board of Directors and is Vice President of the WPB Downtown Neighborhood Associa…

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Schools

Interior

Cooling
Ceiling Fan, Electric, Wall- Win A/ C
Flooring
Ceramic Tile, Wood Floor
Heating
No Heat

Exterior

Construction
Frame, Stucco
Exterior Features
None
Homeowners Assoc
None
Lot Description
< 1/4 Acre
Roof
Built- Up
Waterfront Details
None

Financial

Gross Operating Income
$54,600
H O A Fee
$0
Net Operating Income
$45,187
Taxes
$0
Utilities
Public Sewer, Public Water

Map

Community

  • Address

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Listing courtesy of Keller Williams Realty/P B, (561)–656–2929

© 2024 Beaches Multiple Listing Service BMLS. Information deemed reliable, but not guaranteed. This site was last updated 2024-11-13.
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