Modern Living Group
 Residence
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$510,000ACTIVE

638 50TH Street, West Palm Beach, FL 33407

beds0baths1,952sq ft$261/ sq ft
THE RESIDENCE

About this home

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.

THE DETAILS

Property details

List Price$510,000
Price / Unit$170,000
Units3
Inside Sq Ft1,952
Year Built1936
ConstructionFrame
FlooringTile
ZoningSF7 (city)
Property TypeTriplex
MLS #B26067277
StatusActive
Original List Price$510,000
Tenant PaysCable TV, Electricity
Stories1
Lot Size0.24 acres
WaterfrontNo
Days on Market0
Annual Taxes$6,394
Show all details (2 more)
CityWest Palm Beach
Zip Code33407
LOCATION

Where you'll live

Tyler Melik
FEATURED AGENT
Tyler Melik
Real Estate Specialist

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