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. Units 1 and 2 are currently tenant-occupied, with Unit 3 vacant and ready for immediate occupancy.Monthly Income:Unit 1 – $2,100Unit 2 – $1,450Unit 3 – $1,000-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
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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Michael Cuevas

Michael Cuevas

Broker Owner

Phone 561 578-2320

Michael has helped hundreds of people acquire and sell properties in Palm Beach County, Florida over the last 10+ years. He has surrounded himself with industry professionals that allow his clients to thrive in our ever-changing real estate landscape. After graduating from the University of Wisconsin, Michael migrated to South Florida in 2005 to join his family and escape the cold weather. He began his real estate career in Southwest Florida as a manager for a real estate developer in new home…

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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
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.
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