702 50th Street West Palm Beach, FL 33407
5 Bedroom, 1,700 Sqft, Single Family Detached
AGENT'S REMARKS ABOUT 702 50TH STREET
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. Units 1 and 2 are currently tenant-occupied, with Unit 3 vacant and ready for immediate occupancy.Monthly Income:Unit 1 - $2, 100Unit 2 - $1, 450Unit 3 - $1, 000-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.$525,000
| Bedrooms | 5 |
| Bathrooms | 3 Full |
| Living Area | 1,700 SqFt |
| Lot Size | 5,171 SqFt |
| Year Built | 1926 |
| Private Pool | No |
| Subdivision | NORTH PALM BEACH |
| MLS# | RX-11019438 |
| Listing Status | Active |
| Days on Market | 2024-09-09 |
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PROPERTY DETAILS
- Property Type: Single Family Detached
- Approx Living Area: 1,700 SqFt
- Total Bedrooms: 5
- Bathrooms: 3 Full
- Year Built: 1926
- Lot Size: 5,171 SqFt
- Acreage: < 1/4 Acre
- Stories: 1
- Rooms: None
- Interior: None
- Other Appliances: None
- Flooring: Ceramic Tile, Wood Floor
- Age Restrictions: No Hopa
- Total Floors in Building: 1
- House Faces/Primary View: West
- Construction: Frame, Stucco
- Cooling System: Ceiling Fan, Electric, Wall-Win A/C
- Heating: No Heat
- Utility Information: Public Sewer, Public Water
- Furnished: Unfur
- Pets Allowed: No
- Pet Policy: None
- County: Palm Beach
- Area: 5420
- Subdivision: NORTH PALM BEACH
- Community Features: None
- Age Restricted: No Hopa
- Annual Property Taxes: $3,013
- Ownership: None
- Repo/Reo: No
- Short Sale: No
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Listing courtesy of Keller Williams Realty/P B 09.11.2024
If you are interested in this property at 702 50th Street or any other properties in West Palm Beach please contact The Rucco Group at (561) 737-0366.