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
See this Listing
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…
More About MichaelMortgage Calculator
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
H O A Fee
$0
Taxes
$0
Utilities
Public Sewer, Public Water
Map
Community
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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 2024-11-23.
© 2024 Beaches Multiple Listing Service BMLS. Information deemed reliable, but not guaranteed. This site was last updated 2024-11-23.
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