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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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711 Palm Beach Lakes Boulevard , West Palm Beach, FL 33401
$645,000
Est. Payment: $1,433.33/mo
7 Bed
4 Bath
1261 Sqft
Status: Active | Days on site: 76
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FLL276530210 - FLL40675455
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House Description

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.

Highlights

Listed by Kimberly Joy Castellotti , 561-628-4663 Choice Plus Real Estate , 561-628-4663.

Property Type

Multi-Family

Lot/Acreage
0.16

Year Built

1938

County

Palm Beach

Area

5420

Neighborhood

Freshwater 11Th & 12Th Ave

Listing ID

B26045310

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:7
  • Bathrooms:4
  • Full Bathrooms:
Air Cond:Electric
Fireplaces:
Water:Public

Exterior Features

Lot:<1 Acre,< 1/4 Acre
Zoning:POR (city)
Roof:Composition,Shingle
Others:
  • Additional:Patio
Sewer:Public Sewer
Principal Interest
$1,433
Taxes
$740

Home Price

$645,000

Loan Details

30 yrs
%

Down Payment

20%
$129,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,433.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,433.33 $739.58 $0.00 $2,172.92
Yearly $17,200.00 $8,875.00 $0.00 $26,075.00
Total $516,000.00 $266,250.00 $0.00 $782,250.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (West Palm Beach, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.