500 Franklin Road

West Palm Beach, FL 33405

$925,000
Price
Beds
3,061 Sq. Ft.
$302 / Sq. Ft.
3,061
Sq. Ft.
$302
per Sq. Ft.

Description

Incredible Tri-Plex investment opportunity! This property offers a single-level 2/1 unit featuring tile floors, a private patio, and a dedicated laundry room, alongside two spacious townhouse-style 3/2 units. The townhouse units boast one bedroom downstairs, two bedrooms and two baths upstairs, tile flooring throughout, and a welcoming open living/dining area with rear patios for outdoor enjoyment. The 6407 unit's kitchen has been updated. All units come equipped with washers and dryers. Long-term,...Incredible Tri-Plex investment opportunity! This property offers a single-level 2/1 unit featuring tile floors, a private patio, and a dedicated laundry room, alongside two spacious townhouse-style 3/2 units. The townhouse units boast one bedroom downstairs, two bedrooms and two baths upstairs, tile flooring throughout, and a welcoming open living/dining area with rear patios for outdoor enjoyment. The 6407 unit's kitchen has been updated. All units come equipped with washers and dryers. Long-term, reliable, month to month tenants currently occupy the units. Conveniently located just west of US 1 and north of Forest Hill Blvd., providing quick access to shopping, dining, and the vibrant downtown West Palm Beach area.
  1. Listed by Lisa Treu • Treu Group Real Estate

Property Details for 500 Franklin Road

Subdivision
COLONIAL ESTATES
Waterfront
No
Waterfront Details
None
View
Garden
Style
No Pool/No Water
LISTING UPDATED: 11/18/2024 10:40 AM

Property Details for 500 Franklin Road

StatusActive
MLS #RX-11037451
Days on Market7
Taxes$11,004 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1968
Lot Size0.13 AC / 5,500 SF
CountyPalm Beach County

Building Information for 500 Franklin Road

Stories2Residences2Year Built1968Building Size-Lot Size0.13 AC / 5,500 SF

Property Information for 500 Franklin Road

Summary
Location and General Information
  • Property Condition: Resale
  • Development Name: Colonial Estates
  • Directions: Head east on Forest Hill Blvd for approximately 1.5 miles. Turn left onto S Dixie Hwy. After 0.3 miles, turn right onto Franklin Rd. The destination is on the left.
  • Elementary School: South Olive Elementary School
  • Middle School: Conniston Middle School
  • High School: Forest Hill Community High School
  • Geo Area: Palm Beach 5420; 5430; 5440
  • Special Info: Sold As-Is
  • Street Number: 500
  • Subdivision Complex Bldg: COLONIAL ESTATES, Colonial Estates
  • Municipal Code: West Palm Beach
  • State: FL
  • City Postal ID: 33405
  • MLS Area: 5430
  • MLS Sub Area: PB20
Parking
  • Carport Spaces: 0
  • Garage Spaces: 0
Taxes and HOA Information
  • HOPA: No Hopa
  • Tax Year: 2024
  • Maintenance Fee Incl: Lawn Care, Pest Control
Property
Lot Information
  • Area: 5430
  • HOA Amenities: None
  • Lot Description: < 1/4 Acre, Corner Lot, Paved Road, Public Road, Sidewalks, West of US-1
  • Lot Dimensions: 110.0 ft x 50.0 ft
  • Parcel ID: 74434404040160010
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Special Assessment: No
  • Sq Ft Total: 3,191
  • Square Ft Source: Tax Rolls
  • Zoning: SF7(ci
Property and Assessments
  • Legal Desc: COLONIAL ESTS LTS 1 & 2 BLK 16
  • Sq Ft Liv Area: 3061.0
  • Legal Description: COLONIAL ESTS LTS 1 & 2 BLK 16
Utilities
  • Utilities: Cable, Electric, Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Construction: Cbs Construction, Frame With Stucco, Stucco Exterior Construction
  • Exterior Features: Fence, Open Patio
  • Private Pool: No
  • Storm Protection: None
  • Subdiv Amenities: None
  • Gated Community YN: No
  • Structure Type: Triplex
Interior Features
  • Roof: Comp Shingle
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: Yes
  • Cooling: Ceiling Fan, Central
  • Flooring: Carpet, Ceramic Tile
  • Heating: Central, Electric
  • Window Treatments: Single Hung Metal
  • Guest Accommodations: No
  • Spa: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $45,000.00
  • Income & Expenses: Annual Total Expense: $16,020.00
  • Income & Expenses: Gross Operating Inc: $61,020.00
  • Tenant Pays: Cable, Electric, Taxes, Water
Unit 1
  • Unit 1 Desc: A/C Unit, Dryer, Range - Electric, Refrigerator, Washer
  • Unit 1 Info: Bedrooms: 2
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: No
  • Unit 1 Info: Monthly Income: 1,695
  • Unit 1 Info: SqFt: 757.0
  • Unit 1 Parking: Space Parking
Unit 2
  • Unit 2 Desc: A/C Unit, Dryer, Kitchen, Patio, Range - Electric, Refrigerator, Washer
  • Unit 2 Info: Bedrooms: 3
  • Unit 2 Info: Full Bath: 2
  • Unit 2 Info: Furnished: No
  • Unit 2 Info: Monthly Income: $1,695
  • Unit 2 Info: SqFt: 1152.0
  • Unit 2 Parking: Open Parking
Unit 3
  • Unit 3 Desc: A/C Unit, Dryer, Kitchen, Range - Electric, Refrigerator, Washer
  • Unit 3 Info: Bedrooms: 3
  • Unit 3 Info: Full Bath: 2
  • Unit 3 Info: Monthly Income: $1,695.00
  • Unit 3 Info: SqFt: 1152.0
  • Unit 3 Parking: Open Parking
Rental
Rental Information
  • Pets on Premises: Yes

Property History for 500 Franklin Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 500 Franklin Road

Taxable ValueLand$185,000Additions$339,012Total$524,012
Tax Record2023$11,004 ($917 / month)
Home Facts
Baths3Total Finished SqFt2,304 SqFtAbove Grade Finished SqFt2,304 SqFtStories2Lot Size5,497 SqFtStyleDuplexYear Built1968Year Renovated1980ZoningSF7CountyPALM BEACHAPN74-43-44-04-04-016-0010

Schools near 500 Franklin Road

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
South Olive Elementary School
PublicPK to 5

Conniston Middle School
Public6 to 8

Forest Hill Community High School
Public9 to 12

Renaissance Charter School At Summit
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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500 Franklin Road is a multi-family home for sale in West Palm Beach, FL 33405. This property was listed for sale on November 15, 2024 by Treu Group Real Estate, it's currently listed at $925,000. It has been on the market for a total of 7 days and was last sold on May 24, 2018. This listing's school district is Palm Beach. Nearby schools include South Olive Elementary School, Conniston Middle School and Forest Hill Community High School. 500 Franklin Road is a 0-bed, 0-bath, 3,061 sqft multi-family home built in 1968.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Treu Group Real Estate

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.