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PRICED AT ONLY: $525,000

Address: Address Not Provided

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.

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  • MLS#: RX-11019429 ( Triplex )
  • Street Address: Address Not Provided
  • Viewed: 5
  • Price: $525,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1926
  • Bldg sqft: 0
  • Days On Market: 110

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.
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Features
Building and Construction
  • Construction: Frame, Stucco
  • Exterior Features: None
  • Flooring: Ceramic Tile, Wood Floor
  • Roof: Built-Up
  • Sqft Source: Tax Rolls
  • Sqft Total: 1700.00
  • Total Building Sqft: 1700.00
Property Information
  • Property Condition: Resale
  • Property Group Id: 19990816212116581394000000
Land Information
  • Lot Description: < 1/4 Acre
  • Subdivision Information: None
Eco-Communities
  • Private Pool: No
  • Storm Protection: None
  • Waterfront Details: None
Utilities
  • Carport Spaces: 0.00
  • Cooling: Ceiling Fan, Electric, Wall-Win A/C
  • Heating: No Heat
  • Number Of Stories: 1.0
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: No
  • Utilities: Public Sewer, Public Water
Finance and Tax Information
  • Homeowners Assoc: None
  • Income Expenses Annual Net Oper Inc: 45187.00
  • Income Expenses Annual Total Expense: 9413.00
  • Income Expenses Gross Operating Inc: 54600.00
  • Source Of Expenses: Owner
  • Tax Year: 2023
Rental Information
  • Tenant Pays: Electric
Other Features
  • Avail Info: None
  • Housing For Older Persons Act: No Hopa
  • Legal Desc: NORTH PALM BEACH PLAT 4 LTS 25 & 26 BLK 57
  • Possession: At Closing
  • Zoning: SF7(ci
Nearby Subdivisions
North Palm Bch 1   North Palm Bch 3   North Palm Bch 4   North Palm Beach   Northwood Add   Pleasant City   Tamarind Park   Washington Heights  
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