About This Home
This 7-bedroom, 0-bathroom residential multi family at 711 Palm Beach Lakes Boulevard in West Palm Beach, FL is listed for $679,900 ($539 per sqft). Built in 1938, the home offers 1,261 sqft of living space on a 0.16 acres lot.
Key Features
- Built in 1938
- 0.16 acre lot
- 2 stories
Property Details
Amenities
Attention Investors & Cash-Flow Buyers: Discover a rare, high-yielding multi-family asset perfectly situated in the rapidly growing West Palm Beach market. This versatile three-unit triplex offers an exceptional combination of immediate rental income, substantial square footage, and major capital expenditure savings.
Roof replaced 2023!Unit 1: The Main House 3 BR / 1 BA Unit 2 2BR/1BA . Unit 3 2BR/1BA . All Fully Rented. Orkin termite protection plan already in place. ***Located right on the pulse of West Palm Beach (33401), this property sits in a high-demand submarket characterized by steady historical appreciation and a robust tenant pool.
With separate electric and water meters already in place, utility management is streamlined to keep your landlord operational expenses remarkably low. Don't miss out on adding this high-square-footage, low-maintenance income generator to your portfolio.
*** Unit 1: Oven, Fridge, dishwasher. Central AC. YGI: $24,600. Expenses; $480 NOI: $24,120 Unit 2: Oven, Fridge. Central AC/ and Window Unit. Expenses: YGI: $18,600 $480 NOI: $18,120 Unit 3: Oven, fridge. A/C mini split w/ additional window unit. Expenses: YGI: $18,600 $480 NOI: $18,120 Lease info: Front House Lease expires 3/31/2027, Unit A Lease expires 3/31/2027, Unit B Lease expires 8/31/2027.
Monthly Cost Estimate
$3,636/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
711 Palm Beach Lakes Boulevard
West Palm Beach, FL 33401
FRESHWATER 11TH & 12TH AVE ADD
Property Details
Construction
Pool Features
Heating
Cooling
Questions & Answers
This 7-bedroom, 0-bathroom residential multi family at 711 Palm Beach Lakes Boulevard is listed at $679,900 ($539/sqft). The estimated monthly payment is $3,636 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1938, 0.16 acre lot, 2 stories.
This property is listed by Kimberly Joy Castellotti and can be reached at 5616284663.
