638 50TH Street, West Palm Beach, FL 33407

$510,000
: 1,952
SqFt

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List Price: $510,000
MLS#: B26067277
Status: ACTIVE
County: Palm Beach
City: West Palm Beach
Subdivision: North Palm Bch 4
Living Area: 1,952

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Property Description

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.

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