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500 Franklin Road

West Palm Beach, FL 33405
  • $925,000
  • STATUS: Active
  • ON SITE: 16 Days
  • ID#: RX-11037451
UPDATED: 48 min ago
$925,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,061
    SQFT
  • $302
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1968
County:

School Information

Description

Incredible Tri-Plex investment opportunity! This property offers a single-level 2/1 unit featuring tile floors, a private patio, and a dedicated laundry room, alongside two spacious townhouse-style 3/2 units. The townhouse units boast one bedroom downstairs, two bedrooms and two baths upstairs, tile flooring throughout, and a welcoming open living/dining area with rear patios for outdoor enjoyment. The 6407 unit's kitchen has been updated. All units come equipped with washers and dryers. Long-term, reliable, month to month tenants currently occupy the units. Conveniently located just west of US 1 and north of Forest Hill Blvd., providing quick access to shopping, dining, and the vibrant downtown West Palm Beach area.

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www.evluxuryrealestate.com/homes/157908401
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500 Franklin Road West Palm Beach, FL 33405

  • Price: $925,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 48 min ago
  • ID#: RX-11037451
0
Beds
0
Baths
0
½ Baths
0.13
Acres
3,061
SQFT
$302
$/SQFT
1968
Built
Neighborhood:
Colonial Estates
County:
Palm Beach
Area:
West Palm Beach
Elementary School:
South Olive Elementary School
Middle School:
Conniston Middle School
High School:
Forest Hill Community High School
Property Description
Incredible Tri-Plex investment opportunity! This property offers a single-level 2/1 unit featuring tile floors, a private patio, and a dedicated laundry room, alongside two spacious townhouse-style 3/2 units. The townhouse units boast one bedroom downstairs, two bedrooms and two baths upstairs, tile flooring throughout, and a welcoming open living/dining area with rear patios for outdoor enjoyment. The 6407 unit's kitchen has been updated. All units come equipped with washers and dryers. Long-term, reliable, month to month tenants currently occupy the units. Conveniently located just west of US 1 and north of Forest Hill Blvd., providing quick access to shopping, dining, and the vibrant downtown West Palm Beach area.
Exterior Features

Carport Spaces 0.00 Construction CBSStucco Exterior Features FenceOpen Patio Lot Description < 1/4 AcreCorner LotPaved RoadPublic RoadSidewalksWest of US-1 Lot Dimensions 110.0 ft x 50.0 ft Private Pool YN No Roof Comp Shingle Unit1 Parking Space Parking Unit2 Parking Open Parking Unit3 Parking Open Parking View Garden Waterfront Description None Waterfront YN No

Interior Features

Cooling Ceiling FanCentral Flooring CarpetCeramic Tile Heating CentralElectric Unit1 Bedrooms 2 Unit1 Desc A/C UnitDryerRange - ElectricRefrigeratorWasher Unit1 Full Baths 1 Unit1 Furnished No Unit1 Sq Ft 757 Unit2 Bedrooms 3 Unit2 Desc A/C UnitDryerKitchenPatioRange - ElectricRefrigeratorWasher Unit2 Full Baths 2 Unit2 Furnished No Unit2 Sq Ft 1152 Unit3 Bedrooms 3 Unit3 Desc A/C UnitDryerKitchenRange - ElectricRefrigeratorWasher Unit3 Full Baths 2 Unit3 Sq Ft 1152 Window Treatments Single Hung Metal

Property Features

Annual Net Operating Income 45000.00 Annual Total Expenses 16020.00 Auction No Available Info None Built Desc Resale Development Name Colonial Estates Gated Community No Gross Operating Income 61020.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association of the Palm Beaches (RAPB) Maintenance Fee Includes Lawn CarePest Control Multifamily Type Triplex Possession Funding REO No Restrictions None Separate Electric Meters Yes Separate Water Meters Yes Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Owner Special Assessment No Special Info Sold As-Is Sq Ft Total 3191.00 Subdivision Amenities None Tax Amount 11004.20 Tax Year 2024 Taxes City/CountyNo Homestead Tenant Pays CableElectricTaxesWater Terms Considered CashConventional Unit1 Monthly Income 1695.00 Unit2 Monthly Income 1695.00 Unit3 Monthly Income 1695.00 Utilities CableElectricPublic SewerPublic Water Zoning SF7(ci

Listing provided courtesy of Treu Group Real Estate: . Listing information © 2024 BeachesMLS
 
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Thomas Kane | TrustLarry Real Estate
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