$480,000
Sold

Address Not Shown

West Palm Beach, FL 33407
1700 sqft | #RX-11019429
Type:Multi-Family
Structure:3 Family
Zone:Residential

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 - $2,100
Unit 2 - $1,450
Unit 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. -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!

  • Property Details
      • Sewer InformationPublic Sewer, Public Water, Septic Tank
      • FenceBarbwire Fence, Partial Fence
      • StyleOther/See Remarks
      • CoolingCentral Electric
      • HeatingCentral Electric
      • FireplacesOne Woodburning
      • RoofAluminum/Metal
      • Exterior FeaturesPatio Covered
      • Property SubtypeSingle Family
      • InteriorOther Floors
      • Property TypeRESIDENTIAL
      • GarageSide Entry
      • Parking FeaturesAttached
      • Utility FeaturesElectric
      • MLS #20213305
      • Parcel Number65079226
      • MLS #20213305
      • Floors1 Story
      • Stories1 Story
      • School DistrictGILMER
      • CountyUPSHUR
      • Cost449900
      • Lot Size15-30
      • Square Feet1000
      • Year Built2016
      • FoundationSlab
      • Road SurfaceOil
      • Acres23
      • Bedrooms2
      • Bathrooms2
      • Full Baths2

Location

Leah Ball & Co.Leah's Property Shop