- MLS® #: RX-11019438
- 702 50th St
- West Palm Beach, FL 33407
- $525,000
- 4 Beds, 3 Bath, 1,700 SqFt
- Residential
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.-Open parking is available for each unit and is ideal for investors seeking a low-maintenance rental property. -This property is sold as-is, offering a canvas for future enhancements or customization to increase value and appeal. -A Proforma is included in the documents tab, providing detailed insights into the financial performance and potential of the property. Capitalize on the potential of West Palm Beach and secure a property that promises growth and profitability. Act fast before it's gone!
View Virtual TourEssential Information
- MLS® #RX-11019438
- Price$525,000
- CAD Dollar$739,487
- UK Pound£415,839
- Euro€498,372
- HOA Fees0.00
- Bedrooms4
- Bathrooms3.00
- Full Baths3
- Square Footage1,700
- Year Built1926
- TypeResidential
- Sub-TypeSingle Family Detached
- RestrictionsNone
- StatusActive Under Contract
- HOPANo Hopa
Community Information
- Address702 50th St
- Area5420
- SubdivisionNORTH PALM BEACH
- CityWest Palm Beach
- CountyPalm Beach
- StateFL
- Zip Code33407
Amenities
- AmenitiesNone
- UtilitiesPublic Sewer, Public Water
- WaterfrontNone
- Pets AllowedNo
Interior
- Interior FeaturesNone
- AppliancesNone
- HeatingNo Heat
- # of Stories1
- Stories1.00
Cooling
Ceiling Fan, Electric, Wall-Win A/C
Exterior
- Lot Description< 1/4 Acre
- ConstructionFrame, Frame/Stucco
- Office: Keller Williams Realty/p B
Property Location
702 50th St on www.westerncommunities.us
Offered at the current list price of $525,000, this home for sale at 702 50th St features 4 bedrooms and 3 bathrooms. This real estate listing is located in NORTH PALM BEACH of West Palm Beach, FL 33407 and is approximately 1,700 square feet. 702 50th St is listed under the MLS ID of RX-11019438 and has been available through www.westerncommunities.us for the West Palm Beach real estate market for 70 days.Facts About West Palm Beach, FL
Raymond F. Kravis Center for the Performing Arts is the culture icon for the West Palm Beach Area. This 2000 plus seat venue hosts a treasure of Dance, Music and Dramatic performances each year.
West Palm Beach is home to over one million people and is the 3rd most populated city in the state of Florida.
West Palm Beach is home to Lion Country Safari. It is a 500-acre cage less zoo that has thousands of free roaming animals. It would make a great stop for the family if you are visiting West Palm Beach.
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Listing information last updated on November 18th, 2024 at 9:30pm CST.