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. 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!
Single Family home for sale in West Palm Beach, FL at 702 50th Street. This 4 bedroom Single Family home is priced at $309/sqft
Features of 702 50th Street
| MLS® # | RX-11019438 |
|---|---|
| Price | $525,000 |
| Bedrooms | 4 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 1,700 |
| Acres | 0.12 |
| Year Built | 1926 |
| Type | Single Family |
| Sub-Type | Single Family Homes |
| Status | Active Under Contract |
Community Information: West Palm Beach
| Address | 702 50th Street |
|---|---|
| Area | 5420 |
| Subdivision | NORTH PALM BEACH |
| City | West Palm Beach |
| County | Palm Beach |
| State | FL |
| Zip Code | 33407 |
Amenities of 702 50th Street
| Amenities | None |
|---|---|
| Utilities | Public Sewer, Public Water |
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
Interior of 702 50th Street
| Interior Features | None |
|---|---|
| Appliances | None |
| Heating | No Heat |
| Cooling | Ceiling Fan, Electric, Wall-Win A/C |
| Fireplace | No |
| # of Stories | 1 |
| Stories | 1.00 |
Exterior of 702 50th Street
| Lot Description | < 1/4 Acre |
|---|---|
| Construction | Frame, Frame/Stucco |
Additional Information On 702 50th Street
| Listing Courtesy of | Keller Williams Realty/P B |
|---|---|
| Date Listed | September 9th, 2024 |
| Zoning | SF7(ci |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
Listing Details
| Office | Keller Williams Realty/P B |
|---|