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West Palm Beach,FL 33407
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
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
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
Building
Lot Description < 1/4 Acre
Story 1.0
Foundation Frame,Stucco
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional