Closed

Colonial Estates, 518 AND 524 Palmetto St, West Palm Beach, FL 33405

550,000(-2.73% )
$535,000Price
1,632SqFt

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Details

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Status:
Sold - Dec 30, 2024
Size: 1,632 SqFt (152 m2)
Price: $328/SqFt ($3,529/m2)
Type: Multi Family
Built: 1940
MLS Number: F10462648
On Site: 318 Days
Updated: 213 Days ago
Page Views: 0
518 and 524 palmetto st. Turnkey and income producing property in highly desireable colonial estates. This investment opportunity includes 2 separate buildings, both fully rented. The first building is a 2 bedroom, 1 bathroom single family home. The second building is a 2 bedroom, 2 bathroom single family home. This investment offers true flexibilty. It can be used as a long term rental property or the location would make a great short term rental property. For a lower down payment, the owner can occupy one of the buildings and realize huge rewards. There are so many possibilities with this inome producing opportunity. Professionally managed and well maintained since the current owners purchased means very little hassle for the new owner(s). Separate laundry area shared by both units.
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
        Interior, Heating and Cooling
        • Heating Description: HeatPump
        • Cooling Description: CentralAir, CeilingFans
        Building and Construction
        • Floor Description: CeramicTile,Wood
        • Year Built: 1940
        • Year Built Description: Resale
        Waterfront and Water Access
        • Waterfront Frontage: No info
        School Information
          Other Property Info
          • Listing Date: 2024-09-20T17:11:18.000-00:00
          Taxes, Fees & More
          • Taxes: 8445
          • Total Units in Building: 2

          Price History

          12/30/2024

          Date

          Sold

          Event

          $535K

          Price

          -2.73%

          Change Rate

          $328 ft2 / $3,529 m2

          Price Per

          09/20/2024

          Date

          Listed

          Event

          $550K

          Price

          $337 ft2 / $3,628 m2

          Price Per

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

          Listed by Joseph MirandaMiranda Executive Realty • Buyer Agency Compensation .

          Instant Comps

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

          Unit 518 AND 524 Palmetto St – Asking

          $328/ft²

          (+2%) from Closed Medium $/ft²

          Closed Medium $/ft²

          $321/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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