Multifamily in West Palm Beach, FL 33405
Hillside Park, 712 Palmetto St

Own in Hillside Park?
Beds
2,972
SqFt
$387
$/SqFt
Sold - Sep 10, 2024
Premium Multifamily
Built in 1928
Garden View
Outdoor Living Area
Incredible investment opportunity!! This extremely profitable short term rental in West Palm Beach sets itself apart from the competition. Sitting on a double corner lot, this estate features a main house with two guest houses for a total of 7 bedrooms and 4 full bathrooms. This turnkey property is ready to be rented out immediately and includes over $50,000 in guaranteed 2024 rental income to start you off! Incredible mature foliage surrounds the property including a 3 story mango tree and beautiful fountain to create a one of a kind romantic setting. Additional features include a large heated pool and separate hot tub, outdoor dining area and a separate utility room. The entire estate has just been redesigned with brand new furniture and decor. All is included in the sale. Both interior and exterior are freshly painted. Perfectly located just minutes from PBI airport, downtown West Palm Beach and the world famous Palm Beach Island. Rent the property out as one to host large parties, divide into three rentals for multiple income streams or elevate this unique property to include small events etc. With a limited amount of short term rentals this size, the possibilities are endless. Financials and accounting details are available upon request.
MLS Number: R10957466
On Site: 976 Days
Updated: 60 Days ago
Page Views: 0

Features

Bedrooms
    Bathrooms
      Exterior and Lot Features
      • Exterior Features: OutdoorLivingArea
      • View: Garden
      Interior, Heating and Cooling
      • Heating Description: Central
      • Cooling Description: CentralAir, CeilingFans, WallWindowUnits
      Building and Construction
      • Floor Description: CeramicTile, Terrazzo, Tile, Wood
      • Windows/Treatment: Blinds
      • Construction Type: Triplex
      • Year Built: 1928
      Waterfront and Water Access
      • Waterfront Frontage: No info
      School Information
        Other Property Info
        • Listing Date: 2024-02-07T09:16:58.000-00:00
        Taxes, Fees & More
        • Taxes: 19403
        • Total Units in Building: 3
        • Total Units in Complex: 3

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        Price History

        Current
        $1.2M
        High
        $1.3M
        Low
        $1.2M
        Total Change
        -11.5%
        $1.3M$1.2M$1.1MFeb 24Sep 24
        Date
        Event
        Price
        Change
        Price Per
        09/10/2024
        Sold
        $1.2M
        -11.47%
        $387 ft2
        $4,165 m2
        02/07/2024
        Listed
        $1.3M
         
        $437 ft2
        $4,705 m2
        09/10/2024
        $1.2M
        Event
        Sold
        Change
        -11.47%
        Price Per
        $387 ft2
        $4,165 m2
        02/07/2024
        $1.3M
        Event
        Listed
        Price Per
        $437 ft2
        $4,705 m2
        Price per square foot and days on website are not provided values and are calculated by Subdivisions.
        Listed by Naomi Freeman • United Realty Group, Inc • Buyer Agency Compensation .
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        Listing Location & Street View

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        Scores

        Walk Score®
        Somewhat Walkable. Some errands can be accomplished on foot
        61

        100
        Transit Score®
        Some Transit. A few nearby public transportation options
        34

        100
        Bike Score®
        Bikeable. Some bike infrastructure
        53

        100
        Sound Score®
        Bearable noise
        78

        100
        Airport Score
        Close to airports. Noticeable airport activity
        3

        100
        Traffic Score
        Congested area. Frequent traffic delays
        28

        100
        Local Score
        Limited local amenities nearby
        2

        100
        Community Snapshot
        3 – 6 BR
        Bedrooms
        $475K – $725K
        Price Tier
        731 - 2,972
        SqFt Range
        1947
        Year Build
        1
        Total Floors

        Subdivision Amenities

        Dog Park
        None
        Park
        Playground
        Sidewalks

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