$390,000
West Palm Beach, FL 33405
MLS# R10381882
Status: Closed
3191 sqft
1 / 31
Property Description
Cash producing, fully rented 3-unit building boasting two 3bed/2bath townhouses and one 2/1 SFR. Each unit has it's own laundry room. Hard to find corner lot property in the heart of Palm Beach County close to main highways including I-95 and Turnpike and to the beach, shopping, dining, entertainment and public transportation. This is a turn key property which is already yielding an incredible cash on cash return. Gross Income of $36,000. Huge rent increase potential. Current cap is 8%.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2017-11-10
Status: Closed
Original List Price: 416000
Sold Price: $390,000
Current Price: $390,000
Location and Legal
County Or Parish: Palm Beach
County Parish Name: Palm Beach
City Name: West Palm Beach
Postal Zip: 33405
Development Name: Colonial Estates
Geographic Area: PB20
Street Number: 500
Street Name: Franklin
Street Suffix: Road
State Or Province: FL
Postal Code: 33405
Subdivision Name: COLONIAL ESTATES
Area: 5430
Parcel Number: 74434404040160010
Zoning: SF7
Directions: Forest Hill Blvd east to Us-1 N
Turn left onto Franklin Road, address is on the left.
General Property Information
Number Of Units Total: 3
Living Area Main: 3061
Lot Size Area: 5498
Senior Community YN: No
Stories: 2
Pool Private YN: No
Property Sub Type: Triplex
Building Area Main: 3191
Building Area Source: Public Records
Year Built: 1978
Lot Size Acres: 0.13
Office/Member Information
DXORIGMLSID: RML
Status Change Information
Buyer Financing: Cash
Major Change Timestamp: 2018-05-24T20:12:57Z
Major Change Type: Status Change
Status Change Date: 2018-05-24
Under Contract Date: 2018-05-15
Close Date: 2018-05-24
Close Price: 390000
Association Amenities
None: 1
Flooring
Parquet: 1
Tile: 1
Vinyl: 1
Property Condition
Resale: 1
Short Sale Details
Short Sale Addendum: No
Special Information
Sold As-Is: 1
Documents Available
None: 1
Other: 1
Fencing
Fenced: 1
Meter Information
Separate Electric Meters YN: Yes
Separate Water Meters YN: Yes
Tenant Pays
Cable TV: 1
Electricity: 1
Sewer: 1
Water: 1
Possession
Negotiable: 1
Utilities
Cable Available: 1
Heating
Central: 1
Water Access
None: 1
Construction Materials
CBS: 1
Listing Terms
Cash: 1
Other: 1
Roof
Composition: 1
Income and Expenses
Annual Total Expense: 10800
Gross Income: 36000
Net Operating Income: 25200
Source Of Expenses
Owner Provided: 1
Cooling
Central Air: 1
Showing Requirements
Appointment Only: 1
Schedule Online: 1
Restrictions
No Restrictions: 1
Tax Information
City/County: 1
Contingencies
None: 1
Unit 1 Appliances
Refrigerator: 1
Unit 1 Details
Actual Rent: 1200
Baths Full: 2
Beds Total: 3
Furnished: Unfurnished
SqFt: 1152
Unit 1 Other Equipment
Air Conditioning Unit: 1
Unit 1 Parking Features
Parking Space: 1
Unit 1 Patio/Porch
Screened Porch: 1
Unit 1 Rooms
Kitchen: 1
Unit 2 Appliances
Refrigerator: 1
Unit 2 Details
Actual Rent: 1200
Baths Full: 2
Beds Total: 3
Furnished: Unfurnished
SqFt: 1152
Unit 2 Other Equipment
Air Conditioning Unit: 1
Unit 2 Parking Features
Parking Space: 1
Unit 2 Rooms
Kitchen: 1
Unit 3 Appliances
Refrigerator: 1
Unit 3 Details
Actual Rent: 900
Baths Full: 1
Beds Total: 2
SqFt: 757
Unit 3 Other Equipment
Air Conditioning Unit: 1
Unit 3 Rooms
Kitchen: 1
Unit 4 Details
Actual Rent: 0
SqFt: 0
Price Calculations
Current Price To SqFt: 127.4
Original List Price To Close Price: 1.06
Acreage Description
1/4 To Less Than 1/2 Acre Lot: 1
Financial Information
Tax Annual Amount: 5451.29
Tax Year: 2016
Tax Legal Description: COLONIAL ESTS LTS 1 & 2 BLK 16
Originating Details
Originating System Key: 20171107220221386584000000
Originating System ID: M00000170
Property Features
Association Amenities: None
Documents Available: None; Other
Fencing: Fenced
Flooring: Parquet; Tile; Vinyl
Property Condition: Resale
Tenant Pays: Cable TV; Electricity; Sewer; Water
Source Of Expenses: Owner Provided
Construction Materials: CBS
Cooling: Central Air
Heating: Central
Listing Terms: Cash; Other
Possession: Negotiable
Restrictions: No Restrictions
Roof: Composition
Special Information: Sold As-Is
Tax Information: City/County
Utilities: Cable Available
Water Access: None
Showing Requirements: Appointment Only; Schedule Online
Unit 1 Appliances: Refrigerator
Unit 1 Other Equipment: Air Conditioning Unit
Unit 1 Parking Features: Parking Space
Unit 1 Rooms: Kitchen
Unit 2 Appliances: Refrigerator
Unit 2 Other Equipment: Air Conditioning Unit
Unit 2 Parking Features: Parking Space
Unit 2 Rooms: Kitchen
Unit 3 Appliances: Refrigerator
Unit 3 Other Equipment: Air Conditioning Unit
Unit 3 Rooms: Kitchen
Contingencies: None
Acreage Description: 1/4 To Less Than 1/2 Acre Lot
Listing Office: RE/MAX Prestige Realty/LW
Last Updated: August - 06 - 2026
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