711 Palm Beach Lakes Boulevard, West Palm Beach FL 33401

For sale Days on market 28

$679,900

$539/sq ft

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Overview

Year Built

1938

Sqft

1261

Property Type

Triplex

Property 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.

Property Details

MLS#

B26045310

Total Floor in Bldg

Address

711 Palm Beach Lakes

City

West Palm Beach

State/county

Zip/Postal Code

33401

Area

Freshwater 11th & 12th Ave

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$8,875

Maint Fee

$--

Tax Year

2025

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