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.
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Maria Termotto • Keller Williams Realty/P B • Buyer Agency Compensation .
Instant Comparative Market Analysis
Closed
Active
$100/ft²
$100/ft²
$300/ft²
$500/ft²
Unit 702 50th St – Asking
$309/ft²
(+9%) from Closed Medium $/ft²
Closed Medium $/ft²
$283/ft²
Community $/Price Range (Closed) $174/ft² – $394/ft²
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