702 50th Street

West Palm Beach, FL 33407

$525,000
Price
4
Beds
3
Baths
1,700 Sq. Ft.
$309 / Sq. Ft.
1,700
Sq. Ft.
$309
per Sq. Ft.

Description

Introducing a rare opportunity to own a Spanish-style detached triplex in the sought-after area of West Palm Beach. This investment gem offers a current cap rate of 8.61%, making it an attractive option for those looking to enhance their real estate portfolio. Property Highlights:-Three separate rental units present a steady income stream. Unit 1 will be empty by the end of Oct 2024. Unit 2 has a year lease until Sep 2025. Unit 3 has a 6 month lease, until end of March 2025. Monthly Income:Unit 1-...Introducing a rare opportunity to own a Spanish-style detached triplex in the sought-after area of West Palm Beach. This investment gem offers a current cap rate of 8.61%, making it an attractive option for those looking to enhance their real estate portfolio. Property Highlights:-Three separate rental units present a steady income stream. Unit 1 will be empty by the end of Oct 2024. Unit 2 has a year lease until Sep 2025. Unit 3 has a 6 month lease, until end of March 2025. Monthly Income:Unit 1- $2,100 (expires 10/31/25)Unit 2- $1,450 (9/1/25)Unit 3- $900 (3/31/25)-Built on a 50 x 105 lot, this property showcases classic stucco exterior walls with a durable built-up roof, ensuring long-lasting quality and minimal maintenance.
  1. Listed by Maria Termotto • Keller Williams Realty/P B
  2. Listed by Joshua D Horwitz • Keller Williams Realty/P B

Property Details for 702 50th Street

Subdivision
NORTH PALM BEACH
Waterfront
No
Waterfront Details
None
Furnished
Unfurnished
Style
No Pool/No Water
LISTING UPDATED: 10/16/2024 08:21 AM

Property Details for 702 50th Street

StatusActive
MLS #RX-11019438
Days on Market39
Taxes$3,013 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeSingle Family / Single Family Detached
Year Built1926
Lot Size0.12 AC / 5,171 SF
CountyPalm Beach County

Building Information for 702 50th Street

Stories1Year Built1926Building Size-Lot Size0.12 AC / 5,171 SF

Property Information for 702 50th Street

Summary
Location and General Information
  • Property Condition: Resale
  • Geo Area: Palm Beach 5420; 5430; 5440
  • Street Number: 702
  • Subdivision Complex Bldg: NORTH PALM BEACH
  • Municipal Code: West Palm Beach
  • State: FL
  • City Postal ID: 33407
  • MLS Area: 5420
  • MLS Sub Area: PB20
Parking
  • Garage Spaces: 0
  • Covered Spaces: 0
Taxes and HOA Information
  • Governing Bodies: None
  • HOPA: No Hopa
  • Association Deposit: No
  • Tax Year: 2023
  • Type of Governing Bodies: None
Property
Lot Information
  • Area: 5420
  • Front Exp: West
  • HOA Amenities: None
  • Lot Description: < 1/4 Acre
  • Parcel ID: 74434304080570250
  • Property Group ID: 19990816212109142258000000
  • REO: No
  • Special Assessment: No
  • Sq Ft Total: 1,700
  • Square Ft Source: Tax Rolls
  • Zoning: SF7(ci
  • Front Exposure: West
Property and Assessments
  • Legal Desc: NORTH PALM BEACH PLAT 4 LTS 25 & 26 BLK 57
  • Sq Ft Liv Area: 1700.0
  • Legal Description: NORTH PALM BEACH PLAT 4 LTS 25 & 26 BLK 57
Utilities
  • Utilities: Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Construction: Frame Construction, Frame With Stucco, Stucco Exterior Construction
  • Equip/Appl Included: None
  • Private Pool: No
  • Storm Protection: None
  • Subdiv Amenities: None
  • Gated Community YN: No
Interior Features
  • Cooling: Ceiling Fan, Electric, Wall-Win A/C
  • Flooring: Ceramic Tile, Wood Floor
  • Heating: No Heat
  • Interior Features: None
  • Main Level Bedrooms: 4
  • Main Level Bathrooms: 3
  • Guest Accommodations: No
  • Master Bath Features: None
  • Master Bathroom Description: None
  • Baths Total: 3
Master Bedroom
  • Primary Bedroom/Bath: None
Multi Family
Multi-Family Information
  • Stories: 1.0
Rental
Rental Information
  • Pets on Premises: No
  • Pets Allowed: No

Property History for 702 50th 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 702 50th Street

Taxable ValueLand$61,920Additions$140,749Total$202,669
Tax Record2023$3,013 ($251 / month)
Home Facts
Beds2Baths3Total Finished SqFt816 SqFtAbove Grade Finished SqFt816 SqFtStories1Lot Size5,171 SqFtStyleSingle Family ResidenceYear Built1926Year Renovated1960ZoningSF7CountyPALM BEACHAPN74-43-43-04-08-057-0250

Schools near 702 50th Street

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 4 to 12
Rating
School
Distance
West Riviera Elementary School
PublicPK to 5

John F. Kennedy Middle School
Public6 to 8

Palm Beach Lakes High School
Public9 to 12

Alternative Program Central
Public4 to 12

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.

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702 50th Street is a single family home for sale in West Palm Beach, FL 33407. This property was listed for sale on September 9, 2024 by Keller Williams Realty/P B, it's currently listed at $525,000. It has been on the market for a total of 39 days and was last sold on November 6, 2002. This listing's school district is Palm Beach. Nearby schools include West Riviera Elementary School, John F. Kennedy Middle School and Palm Beach Lakes High School. 702 50th Street is a 4-bed, 3-bath, 1,700 sqft single family home built in 1926.

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 Keller Williams Realty/P B

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.