- 1,700Living Sq. feet
- MLS®RX-11019429
- StatusActive
- $ 525,000
Featured
- Price
- $ 525,000
- Sq.Feet
- 1,700
- Year build
- 1926
- Type
- Multi Family
- Sub-type
- Triplex
- Status
- Active
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 - $2,100 Unit 2 - $1,450 Unit 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. -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!
Listing Courtesy of Keller Williams Realty/P B
