Address: 702 50th Street, West Palm Beach, FL 33407
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.
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.
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