FL > West Palm Beach > North Palm Beach
West Palm Beach, FL 33407
West Palm Beach, FL 33407
West Palm Beach, FL 33407
West Palm Beach, FL 33407
West Palm Beach, FL 33407
West Palm Beach, FL 33407
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Michael Brooks

Michael Brooks

+1(561) 323-5994
Listed by Keller Williams Realty/P B
$ 525,000
Est. payment | /mo

3 Beds

3 Baths

1,700 SqFt

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$ 525,000
Est. payment | /mo
Save Virtual Tour

3 Beds

3 Baths

1,700 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 1,700 sqft

Price per Sqft $308

Subdivision North Palm Beach

MLS Listing ID RX-11019429

Bedrooms 3

Full Baths 3

Construction Status Resale

HOA Y/N No

Year Built 1926

Annual Tax Amount $3,013

Tax Year 2023

Property 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.

Location

State FL

Zoning SF7(ci

Interior

Heating No Heat

Cooling Ceiling Fan, Electric, Wall-Win A/C

Flooring Ceramic Tile, Wood Floor

Exterior

Exterior Feature None

Utilities Available Public Sewer, Public Water

Amenities Available None

Waterfront No

Waterfront Description None

Roof Type Built-Up

Private Pool No

Building

Lot Description < 1/4 Acre

Story 1.0

Foundation Frame, Stucco

Construction Status Resale

Others

Senior Community No Hopa

Restrictions None

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(561) 323-5994

michael@realbrooks.com

39899 Balentine Dr, Suite 200, Newark, CA, 94560, United States

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