South Florida
Closed
Northwood, 702 50th St, West Palm Beach, FL 33407
525,000(-8.57% )
Details
Save
Status:
Sold - Nov 26, 2024
Parking: No info
Size: 1,700 SqFt (158 m2)
Price: $282/SqFt ($3,039/m2)
Type: Single Family Home
Built: 1926
MLS Number: R11019438
On Site: 337 Days
Updated: 257 Days ago
Page Views: 0
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.
Features
Bedrooms
- Bedrooms: 4
Bathrooms
- Bathrooms: 3
- Half Bathrooms: No info
Exterior and Lot Features
Interior, Heating and Cooling
- Equipment / Appliances: None
- Heating Description: None
- Cooling Description: CeilingFans, Electric, WallWindowUnits
Building and Construction
- Floor Description: CeramicTile,Wood
- Year Built: 1926
- Year Built Description: Resale
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Garage: No info
- Listing Date: 2024-09-09T14:32:47.000-00:00
- Pets Allowed: No
Taxes, Fees & More
- Taxes: 3013
- Total Floors in Building: 1
Price History
11/26/2024
Date
Sold
Event
$480K
Price
-8.57%
Change Rate
$282 ft2 / $3,039 m2
Price Per
09/09/2024
Date
Listed
Event
$525K
Price
$309 ft2 / $3,324 m2
Price Per
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Maria Termotto-Horwitz • Keller Williams Realty/P B • Buyer Agency Compensation .
Instant Comps
$100/ft²
$200/ft²
$400/ft²
$600/ft²
Unit 702 50th St – Asking
$282/ft²
(-6%) from Closed Medium $/ft²
Closed Medium $/ft²
$301/ft²
Community $/Price Range (Closed) $163/ft² – $475/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.
THINKING OF SELLING IN Northwood at West Palm Beach?
Request a Comparative Market Analysis (CMA), It's free and comes with no obligation.
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