- 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$740,329
- UK Pound£416,221
- Euro€497,890
- 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.intracoastalcanalhomes.com
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.intracoastalcanalhomes.com for the West Palm Beach real estate market for 67 days.Facts About West Palm Beach, FL
The Museum at Ragtops Motorcars is one of West Palm Beach most interesting attractions. It has housed some of the most interesting 1950s and 1960s memorabilia since it opened in 1908.
West Palm Beach is home to the Bel Air Historic District. It was built in the 20s and 30s and boast some of Palm Beach's most beautiful and historic architecture.
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.
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Listing information last updated on November 16th, 2024 at 6:02am CST.