Banke Ayanleke
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Wall/Window Unit(s)
Heating: Window/Wall
Lot Size: 0.24 Acres
Roof Type: Composition, Shingle
Stories: 1.0
Taxes: $6,393
Year Built: 1936
Square Feet: 2,868
Amenities
Other
Feature Descriptions
Days on Site: 3
Exterior: Frame
Flooring: Tile
Parcel#: 74434304080570190
Patio/Porch: Porch - Screened, Porch
Pets Allowed: Yes, No Restrictions
Restrictions: No Restrictions
Sewer: Public Sewer
SQFT Living: 1952
Structure Type: Multi Family, Triplex
Units: 3
Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Water: Public
Windows: Single Hung Metal
Local Schools
High School: Palm Beach Lakes
Middle School: John F. Kennedy (Palm Beach)
Elementary School: West Riviera
Listed By / Shown By
Listed By
Agency Name: Home Sold Realty LLC
Agency Phone: 833-700-2782
Shown By
Agent Name: Banke Ayanleke
Agent Phone: (850) 792-4919
Agency Title: Watson Realty Corp., REALTORS ®
Estimate Your Payment
Estimated Payment
$ 3,252.29 per month $2,570.79 Principal & Interest $532.75 Property Tax $148.75 Homeowner's InsuranceChange Payment Information
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638 50th Street | MLS# B26067277
This multi-family property located at 638 50th Street, West Palm Beach, FL 33407 is currently listed for sale with an asking price of $510,000. Search West Palm Beach real estate on www.bankeayanleke.com today.