638 50TH Street, West Palm Beach, FL 33407
- $510,000
- 1,952
- SqFt
- List Price
- $510,000
- MLS#
- B26067277
- Sq. Ft
- 1,952
- Subtype
- Triplex
- County
- Palm Beach
- Subdivision
- North Palm Bch 4
- Region
- 5420
- Year Built
- 1936
Property Description
Rare opportunity to acquire a 3-unit multifamily property located at 638 50th Street in West Palm Beach generating $4,950 per month in rental income ($59,400 annually). Built in 1936, the property consists of two buildings totaling 2,868 gross SF on a 0.24-acre lot. The unit mix includes three 2-bedroom/1-bathroom units averaging approximately 651 rentable SF, with wood frame construction, pitched composite shingle roofs, and window-unit A/Cs. Conveniently located near I-95, Downtown West Palm Beach, Palm Beach Island, St. Mary's Medical Center, and the Northwood district. An attractive opportunity for investors seeking immediate in-place income in a growing West Palm Beach rental market.
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Additional Information
- Heating
- Wall Furnace
- Cooling
- Wall/Window Unit(s)
- Roof
- Composition, Shingle
- Sewer
- Public Sewer
- Water
- Public
- Exterior Features
- Outdoor Living Area, Other, Porch
- Parking Spaces
- 2
- Flooring
- Tile
- Construction
- Frame
- Living Area
- 1,952
- Elementary School
- West Riviera
- Middle School
- John F. Kennedy (Palm Beach)
- High School
- Palm Beach Lakes
- Pets Allowed
- No Pet Restrictions, Yes
Listing courtesy of Home Sold Realty LLC. Contact: