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Backup Offers

Address Not Disclosed - MLS#RX-11019429, West Palm Beach, FL, 33407

$525,000

Home List Price

$6,234*

Closing Credit

0 Baths
1,700 SqFt
$309/SqFt
Multi

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Address Not Disclosed$525,000

Buyer Closing Credits

$6,234*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Year Built1926
HeatingNone
CoolingCeiling Fan(s), Electric, Window Unit(s)
WaterfrontNone
MLS #RX-11019429
StatusAccepting Backup Offers
(Active Under Contract)

About This Home

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 available by 10/31/25. Unit 2 is currently under a lease that runs through 9/1/25. Unit 3 is on a six-month lease, set to expire on 3/31/25.Monthly Income:Unit 1 - $2,100Unit 2 - $1,450Unit 3 - $900-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.

Property Details

Property Features

Property Information:

  • Year Built: 1926
  • Stories: 1
  • Living Area: 1,700 SqFt

Listing Office:

  • Office Name: Keller Williams Realty/P B
  • Office Phone: (561) 656-2929
  • Listing Agent: Maria Termotto

Interior Features

Interior Information:

  • Flooring Type: Ceramic Tile, Wood Floor

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: None
  • Exterior: None

Virtual/3D Tour

  • Virtual Tour: Address Not Disclosed
Virtual Tour

Utilities

Utilities Information:

  • Heating: None
  • Cooling: Ceiling Fan(s), Electric, Window Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $525,000
  • Price Per SqFt: $309/SqFt

HOA Fees:

  • Amount: $0
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $2,406
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in West Palm Beach, FL.

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West Palm Beach, FL

City

Med. Sold Price

$395.6K

Med. Price/SqFt

$272

Avg. Days On Market

72

# of Sold Homes

196

This property vs West Palm Beach

66 DAYS ON ROCKET

-6 Days

$525,000

+$129.3K More

$309/SqFt

+$36 More

KEY TAKEAWAY

This property is $129.3K more than the Median Sold Price and $36/SqFt more than other homes in West Palm Beach, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #RX-11019429

Listing Office:

  • Office Name: Keller Williams Realty/P B
  • Office Phone: (561) 656-2929
  • Listing Agent: Maria Termotto

IDXAll listings featuring the BMLS logo are provided by BeachesMLS, Inc. Copyright 2024 BeachesMLS, Inc.

This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 3:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 06, 2002Home Sold
$74,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,406$134,119
2019$2,162$48,798
2018$1,869$44,362
2017$1,627$40,329

History based on county public records data.

Payment Calculator

$2,688

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,640

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-343279
4
/10

  • Northmore Elementary School

  • 4111 N Terrace Dr

  • 0.55 miles

  • Public District Grades PK-5

school-card-donut-343280
6
/10

  • Northboro Elementary School

  • 400 40th St

  • 0.63 miles

  • Public Magnet Grades PK-5

school-card-donut-343281
3
/10

  • West Riviera Elementary School

  • 1057 W 6th St

  • 1.06 miles

  • Public District Grades EE-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,956. Typical income of West Palm Beach, FL residents is less than $35k annually. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Palm Beach County›West Palm Beach›33407›Address Not Disclosed

This 1,700 square foot home was built in 1926. It has been listed on Rocket Homes since September 09, 2024 and is currently priced at $525,000.

While more than 16 listings in West Palm Beach, FL in October 2024 were sold above asking price, there were more than 27 listings sold at asking price, and more than 153 were sold below. The number of homes for sale in West Palm Beach, FL increased by 7.1% between September 2024 and October 2024. In October 2024, listings were on the market for 72 days. During the same period, the median list price in this real estate market was $395,666.

From Rocket Homes Real Estate and based on county public records data.

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