Homes for sale - , West Palm Beach, FL 33407

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Alan Olem

alan.olem@engelvoelkers.com +1(954) 854-7678

Listed by Keller Williams Realty/P B

$ 525,000

Est. payment -/mo

Save Virtual Tour

Active Under Contract

West Palm Beach, FL 33407

3 Beds

3 Baths

1,700 SqFt

UPDATED:

11/04/2024 02:55 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 1,700 sqft

Price per Sqft $308

Subdivision North Palm Beach

MLS Listing ID RX-11019429

Bedrooms 3

Full Baths 3

Construction Status Resale

HOA Y/N No

Year Built 1926

Annual Tax Amount $3,013

Tax Year 2023

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 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.

Location

State FL

Zoning SF7(ci

Interior

Heating No Heat

Cooling Ceiling Fan, Electric, Wall-Win A/C

Flooring Ceramic Tile, Wood Floor

Exterior

Exterior Feature None

Utilities Available Public Sewer, Public Water

Amenities Available None

Waterfront No

Waterfront Description None

Roof Type Built-Up

Private Pool No

Building

Lot Description < 1/4 Acre

Story 1.0

Foundation Frame, Stucco

Construction Status Resale

Others

Senior Community No Hopa

Restrictions None

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Alan Olem

Advisor | License ID: 3348595

+1(954) 854-7678

GET MORE INFORMATION