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Offered at $645,000Active
beds
—
baths
0
sq ft
1,261
Built
1938

711 Palm Beach Lakes Boulevard

West Palm Beach, FL 33401

About this home

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.

Listing last checked: Listing updated:

Listed by Kimberly Joy Castellotti · Choice Plus Real Estate · MLS #B26045310

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Details at a glance

Interior3 property facts
Heating
Electric
Cooling
Electric
Flooring
Other
Building4 property facts
Style
Triplex
Year built
1938
Parking
6
Roof
Shingle
Land & utilities4 property facts
Lot size
0.16 acres
Water
Public
Sewer
Public Sewer
Zoning
POR (city)
Financial2 property facts
Annual taxes
$8,876
Assessment year
2025

Location

Estimated monthly cost

Explore costs at the $645,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$4,001 / monthAdjust
Principal & interest
$3,261
Property tax
$740
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $8,876. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

Price and status timeline

  1. Lsd

    $1,100 · Sold $1,100 · Aug 17, 2022

  2. Sld

    $375,000 · Sold $380,000 · Jul 1, 2020

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About 711 Palm Beach Lakes Boulevard

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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

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