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Single Family House 5 bedrooms - NORTH PALM BEACH for Sale

702 50TH, WEST PALM BEACH, FL 33407

Asking Price$525,000

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  • Days on market:

    38 day(s)
  • Original Price:

    $525,000
  • Price per sqft:

    $308.82
  • Tax Legal Description:

    NORTH PALM BEACH PLAT 4 LTS 25 & 26 BLK 57
  • Tax Year:

    2023
  • Property Type:

    Single Family
  • Furnished Info:

    Unfurnished
  • Waterfront Description:

    None
  • Construction Type:

    StuccoFrame
  • Cooling Description:

    ElectricCeiling FanWall-Win A/C
  • Heating Description:

    No Heat
  • Floor Description:

    Ceramic TileWood Floor
  • Interior Features:

    None
  • Equipment/Appliances:

    None
  • Lot Features:

    < 1/4 Acre
  • Type of Association:

    None

Description

$525,000 • five bedroom(s) • three full bathroom(s) • living size area 1700 sqft

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.

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