638 50TH Street

Highlights:

• Lot Features: Less Than 1/4 Acre Lot, Less Than 1 Acre
• Bathrooms Total: 0
• Documents Available: Investment Analysis
• Architectural Style: One Story
• Cooling: Wall/Window Unit(s)
• Heating: Window/Wall
• Flooring: Tile
• Construction Materials: Frame, Frame With Stucco

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.

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Listing ID: B26067277