711 Palm Beach Lakes Boulevard, West Palm Beach, FL 33401

$645,000
1,261
SqFt

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List Price
$645,000
Days on Market
64
Price Change
▼ $34,900 1787855655
MLS#
B26045310
Year Built
1938
Living Area
1,261
Acres
0.16
MLS Area Major
5420

Property Description

Attention Investors & Cash-Flow Buyers: Discover a rare, high-yielding multi-family asset perfectly situated in the rapidly growing West Palm Beach market. This versatile three-unit triplex offers an exceptional combination of immediate rental income, substantial square footage, and major capital expenditure savings. Roof replaced 2023!Unit 1: The Main House 3 BR / 1 BA Unit 2 2BR/1BA . Unit 3 2BR/1BA . All Fully Rented. Orkin termite protection plan already in place. ***Located right on the pulse of West Palm Beach (33401), this property sits in a high-demand submarket characterized by steady historical appreciation and a robust tenant pool. With separate electric and water meters already in place, utility management is streamlined to keep your landlord operational expenses remarkably low. Don't miss out on adding this high-square-footage, low-maintenance income generator to your portfolio. *** Unit 1: Oven, Fridge, dishwasher. Central AC. YGI: $24,600. Expenses; $480 NOI: $24,120 Unit 2: Oven, Fridge. Central AC/ and Window Unit. Expenses: YGI: $18,600 $480 NOI: $18,120 Unit 3: Oven, fridge. A/C mini split w/ additional window unit. Expenses: YGI: $18,600 $480 NOI: $18,120 Lease info: Front House Lease expires 3/31/2027, Unit A Lease expires 3/31/2027, Unit B Lease expires 8/31/2027.

Additional Information

Taxes
$8,875
Utilities
Cable Available, Electricity Not Available
Heating
Electric
Air Conditioning
Electric
Exterior Construction
Frame, Concrete, Stucco
Roof
Shingle
Elementary School
Pleasant City
Middle School
Roosevelt Community
High School
Palm Beach Lakes

Listing courtesy of Choice Plus Real Estate.

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