702 50th Street
West Palm Beach, FL 33407
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Property Details
| MLS# | RX-11019438 |
| Type: | Single Family Detached |
| Square Footage | 1,700 |
| Bedrooms | 4 |
| Bathrooms | 3 full |
| Year Built: | 1926 |
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 empty by the end of Oct 2024. Unit 2 has a year lease until Sep 2025. Unit 3 has a 6 month lease, until end of March 2025.Monthly Income:Unit 1- $2,100 (expires 10/31/25)Unit 2- $1,450 (9/1/25)Unit 3- $900 (3/31/25)-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.
Ammenities
Cooling:Ceiling Fan, Electric, Wall-Win A/C
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Location Map
Listing Broker: Keller Williams Realty/P B
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Some properties that appear for sale on this limited electronic display may no longer be available. For the most current information, contact one of our agents.
Some properties that appear for sale on this limited electronic display may no longer be available. For the most current information, contact one of our agents.