524 Palmetto Street

West Palm Beach, FL 33405

$535,000
Last Sold Price
Beds
Baths
1,632 Sq. Ft.
$328 / Sq. Ft.
1,632
Sq. Ft.
$328
per Sq. Ft.

Description

518 and 524 Palmetto St. Turnkey and income producing property in highly desireable Colonial Estates. This investment opportunity includes 2 separate buildings, both fully rented. The first building is a 2 bedroom, 1 bathroom single family home. The second building is a 2 bedroom, 2 bathroom single family home. This investment offers true flexibilty. It can be used as a long term rental property or the location would make a great short term rental property. For a lower down payment, the owner can...518 and 524 Palmetto St. Turnkey and income producing property in highly desireable Colonial Estates. This investment opportunity includes 2 separate buildings, both fully rented. The first building is a 2 bedroom, 1 bathroom single family home. The second building is a 2 bedroom, 2 bathroom single family home. This investment offers true flexibilty. It can be used as a long term rental property or the location would make a great short term rental property. For a lower down payment, the owner can occupy one of the buildings and realize huge rewards. There are so many possibilities with this inome producing opportunity. Professionally managed and well maintained since the current owners purchased means very little hassle for the new owner(s). Separate laundry area shared by both units.
  1. Listed by Joseph Miranda • Miranda Executive Realty

Property Details for 524 Palmetto Street

Subdivision Name
Colonial Estates
Style
Duplex
Waterfront
No
LISTING UPDATED: 01/03/2025 01:00 PM

Property Details for 524 Palmetto Street

StatusClosed Sale
MLS #F10462648
Days on Market80
Taxes$8,445 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1940
Lot Size-
CountyPalm Beach County

Building Information for 524 Palmetto Street

Stories-Residences-Year Built1940Building Size-Lot Size-

Property Information for 524 Palmetto Street

General Information
General Information
  • Sq Ft Liv Area: 1632.0
  • Information Available: Accounting Statements, Deposit - Last Months Rent, Deposit - Security, Copy Of Lease(S), Service Contracts
  • Township Range: 43
  • Street Number Numeric: 524
  • Street Number: 524
  • Street Name: Palmetto St
  • County Or Parish: Palm Beach County
  • Postal Code: 33405
  • City and Location Text: West Palm Beach
  • Pets On Premises YN: No
  • City Postal ID: 33405
Maintenance / Tax Information
  • Tax Amount: $8,445
  • Tax Information: Tax Reflects No Exemptions
  • Tax Year: 2023
Building Information
  • Property Type: Residential Income
  • Property Type Information: Detached, Ranch
  • Subdivision Complex Bldg: Colonial Estates
  • Type of Property: Duplex
  • Year Built Numeric: 1940
  • Year Built Description: Resale
  • MLS Area: 5430
Virtual Tour / Features / Utilities
Interior
  • Floor Description: Ceramic Floor, Wood Floors
  • Flooring: Ceramic Floor, Wood Floors
Exterior
  • Construction Type: Aluminum Siding, Frame Construction
  • Pool: No
  • Roof Description: Comp Shingle Roof
  • Construction: Aluminum Siding, Frame Construction
  • Roof: Comp Shingle Roof
Waterfront
  • Water Description: Municipal Water
Utilities
  • Cooling Description: Ceiling Fans, Central Cooling
  • Heating Description: Heat Pump/Reverse Cycle
  • Cable Available: Yes
  • Separate Meter: Yes
  • Sewer Description: Municipal Sewer
Property / Lot Information
Building Information
  • Unit Count: 2
  • Type of Association: None
  • Zoning Information: SF7
  • Num Parking Spaces: 6
  • Num Stories: 1
Community Information
  • Development Name Free Text: Colonial Estates
  • Gated Community YN: No
  • Property Management: Yes
Location Information
  • Area: 5430
  • Directions: From I95 take Forest Hills Blvd East. Proceed to US1 and turn left (North). Go to Palmetto St and turn left (West). Proceed to 518 and 524 Palmetto St.
  • Geographic Area: Palm Beach 5420; 5430; 5440
  • Parcel Number Free Text: 74434404040200100
  • Section: 4
  • State: FL
Lot Information
  • Lot Description: Less Than 1/4 Acre Lot
Multi Family Information
Expense Information
  • Exp Incl Acctg Legal: No
  • Exp Incl Adv Lic Permit: No
  • Exp Incl Electric: No
  • Exp Incl Extermination: No
  • Exp Incl Gas Oil: No
  • Exp Incl Insurance: Yes
  • Exp Incl Janitor: No
  • Exp Incl Lawn Maintenance: Yes
  • Exp Incl Maintand Repair: Yes
  • Exp Incl Management: Yes
  • Exp Incl Miscellaneous: No
  • Exp Incl Pool Service: No
  • Exp Incl Property Tax: No
  • Exp Incl Replace Reserve: Yes
  • Exp Incl Retax: Yes
  • Exp Incl Supplies: No
  • Exp Incl Trash: No
  • Exp Incl Water Sewer: No
Income Information
  • Gross Rent Income: $4,250
Rent Information
Rent Information
  • Rent Includes: Lawn Care

Property History for 524 Palmetto Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 524 Palmetto Street

Taxable ValueLand$205,500Additions$220,625Total$426,125
Tax Record2024$8,838 ($736 / month)
Home Facts
Beds2Baths2Total Finished SqFt912 SqFtAbove Grade Finished SqFt912 SqFtStories1Lot Size8,250 SqFtStyleSingle Family ResidenceYear Built1940Year Renovated2010ZoningSF7CountyPALM BEACHAPN74-43-44-04-04-020-0100

Schools near 524 Palmetto Street

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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Similar Sold Homes

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Listing Courtesy of Miranda Executive Realty

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.