Updated over 7 years ago on .
New Off-Market Triplex in West Palm, East of A1A, 12% Cap
Property will sell quickly. Please contact me if you are interested.
Price: $289,000 CASH or Hard Money ONLY
Est. Rehab: <$5,000
Cap Rate Potential: 11%+
Est. MKT. Rent $3450/month
Current Rent $2200/month (one vacancy)
Layout: (2088 sqft, 7841 sqft lot )
Legal Triplex full CBS in Historic Northwood neighborhood, just 1 block walking distance to the water!!! Surrounded by beautiful amenities and neighborhood landscaping, property is walking distance to Osprey Park on the water, Gettler Park on the water, and the Palm Beach Sailing Club. Less than 3 minute drive from historic WPBFD Fire Station 3, Palm Beach Children's Hospital, Northboro Elementary School.
Offered at a true 12% Cap Rate!!! $96k per unit!!!
3 electric meters, 1 water meter. Tenants cover electric respectively.
Taxes 2017: $4,309
Triplex 2 Structures:
STRUCTURE A: (CBS)
1/1: $1,100 month to month
1/1: $1,100 month to month
STRUCTURE B: (CBS)
2/1: soon to be vacant; can be rented for $1,250
THE NEXT ACTIVE TRIPLEX IN NORTHWOOD IS ON MLS FOR $330,000. ONE OF THE BEST POCKET NEIGHBORHOODs.