Closed

Colonial Estates, 500 Franklin Rd, West Palm Beach, FL 33405

725,000(-17.24% )
$600,000Price
3,061SqFt

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Details

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Status:
Sold - Jan 15, 2025
Parking: No info
Size: 3,061 SqFt (284 m2)
Price: $196/SqFt ($2,110/m2)
Type: Multi Family
Built: 1968
HOA: N/A
MLS Number: R11037451
View: Garden
On Site: 259 Days
Updated: 196 Days ago
Page Views: 0
What an opportunity ! Incredible tri-plex investment opportunity! This property offers a single-level 2/1 unit stucco const. Featuring tile floors, a private patio, and a dedicated laundry room, alongside two spacious townhouse-style 3/2 units with cbs const. The townhouse units boast one bedroom downstairs, two bedrooms and two baths upstairs, tile flooring throughout, and a welcoming open living/dining area with rear patios for outdoor enjoyment. The 6407 unit's kitchen has been updated. All units come equipped with washers and dryers. Long-term, reliable, month to month tenants currently occupy the units. Conveniently located just west of us 1 and north of forest hill blvd., providing quick access to shopping, dining, and the vibrant downtown west palm beach area.
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
      • Exterior Features: Fence,Patio
      • View: Garden
      Interior, Heating and Cooling
      • Heating Description: Central,Electric
      • Cooling Description: CentralAir, CeilingFans
      Building and Construction
      • Floor Description: Carpet,CeramicTile
      • Windows/Treatment: Metal,SingleHung
      • Year Built: 1968
      • Year Built Description: Resale
      Waterfront and Water Access
      • Waterfront Frontage: No info
      School Information
        Other Property Info
        • Garage: No info
        • Listing Date: 2024-11-15T12:25:15.000-00:00
        Taxes, Fees & More
        • Maintenance Includes: MaintenanceGrounds, PestControl
        • Taxes: 11004
        • Total Units in Building: 3

        Price History

        01/15/2025

        Date

        Sold

        Event

        $600K

        Price

        -17.24%

        Change Rate

        $196 ft2 / $2,110 m2

        Price Per

        12/11/2024

        Date

        Price Reduced

        Event

        $725K

        Price

        -21.62%

        Change Rate

        $237 ft2 / $2,549 m2

        Price Per

        11/18/2024

        Date

        Listed

        Event

        $925K

        Price

        $302 ft2 / $3,253 m2

        Price Per

        Price per square foot and days on website are not provided values and are calculated by Subdivisions.

        Listed by Lisa TreuTreu Group Real Estate • Buyer Agency Compensation .

        Instant Comps

        $100/ft²
        $200/ft²
        $400/ft²
        $600/ft²

        Unit 500 Franklin Rd – Asking

        $196/ft²

        (-40%) from Closed Medium $/ft²

        Closed Medium $/ft²

        $328/ft²
        Community $/Price Range (Closed) $196/ft² – $418/ft²
        No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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