Modern Living Group
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$600,000ACTIVE

4559 Cole Street, West Palm Beach, FL 33417

beds2baths1,684sq ft$356/ sq ft
THE RESIDENCE

About this home

Excellent Income-Producing Triplex, 10% Cap Rate! Low-maintenance, high-return investment opportunity. This well-maintained triplex features full impact windows throughout, offering durability and insurance savings. The property includes three units: A 2BR/1BA currently rented at $1,900/month (annual lease) A 1BR/1BA rented at $1,400/month The main unit (owner-occupied), previously rented for $2,400/month, with strong potential to rent at the same or higher rate Projected income makes this a true cash-flowing asset for investors. Centrally located just minutes from shopping, dining, the airport, and area beaches—highly desirable for tenants and ensures consistent demand. Don't miss this rare opportunity to own a strong-performing income property!

THE DETAILS

Property details

List Price$600,000
Price / Unit$200,000
Units3
Cap Rate8.64%
Gross Income$67,200/yr
Net Operating Income$51,819
Inside Sq Ft1,684
Year Built1959
ConstructionBlock, Concrete, Stucco
FlooringTile
ZoningRH
Property TypeTriplex
MLS #R11147186
StatusActive
Original List Price$675,000
GRM8.9
Tenant PaysOwner pays all utilities
Stories1
Show all details (6 more)
Lot Size0.21 acres
WaterfrontNo
Days on Market171
Annual Taxes$4,599
CityWest Palm Beach
Zip Code33417
LOCATION

Where you'll live

Patrick Lafferty
FEATURED AGENT
Patrick Lafferty
WPB Specialist
Founding Agent

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