Multifamily in West Palm Beach, FL 33407Northwood,
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OFF MARKET
1,700
SqFtStatus
OFF MARKETExpired
Size
1,700 SqFt (158 m2)
Price
$282/SqFt ($3,039/m2)
Type
Multifamily
Built
1926
HOA
N/A
MLS Number
R11019429
On Site
734 Days
Updated
656 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 available by 10/31/25. Unit 2 is currently under a lease that runs through 9/1/25. Unit 3 is on a six-month lease, set to expire on 3/31/25.Monthly Income:Unit 1 - $2,100Unit 2 - $1,450Unit 3 - $900-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
Bathrooms
Exterior and Lot Features
- Exterior Features: None
Interior, Heating and Cooling
- 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
- Listing Date: 2024-09-09T14:13:05.000-00:00
Taxes, Fees & More
- Taxes: 3013
- Total Units in Building: 3
Apples-to-Apples Comparables
Price History
Current
$480K
High
$525K
Low
$480K
Total Change
-8.6%Date
Event
Price
Change
Price Per
11/26/2024
Price Reduced
$480K
-8.57%$282 ft2
$3,039 m2
09/09/2024
Listed
$525K
 $309 ft2
$3,324 m2
11/26/2024
$480K
Event
Price Reduced
Change
-8.57%Price Per
$282 ft2
$3,039 m2
09/09/2024
$525K
Event
Listed
Price Per
$309 ft2
$3,324 m2
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 .
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Scores
54
100
31
100
62
100
76
100
0
100
30
100
0
100
Community Snapshot
2 – 5 BR
Bedrooms
$145K – $620K
Price Tier
600 - 4,959
SqFt Range
1950
Year Build
1
Total Floors
Subdivision Amenities
None
Sidewalks
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