About This Property

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.

Key Features

• 10,359 SquareFeet Lot
• Built in 1936

Property Details

• Type: Single Family Home
• Year Built: 1936
• Lot Size: 10,359 sq ft
• Sq Ft: 1,952
• Price / Sq Ft: $261
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 10,359 SquareFeet Lot
• Feature: Built in 1936
• Status: Active
• MLS Number: 1183941779
• Days on Market: 80
• Listed By: Home Sold Realty LLC · Camilo De la Cruz Perez
• Zip Code: 33407