Skip To Content

712 Palmetto Street

West Palm Beach, FL 33405
  • $1,299,000
  • STATUS: Active
  • ON SITE: 110 Days
  • MLS #: RX-10957466
$1,299,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,972
    SQFT
  • $437
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1928
County:

School Ratings & Info

Description

Incredible investment opportunity!! This extremely profitable short term rental in West Palm Beach sets itself apart from the competition. Sitting on a double corner lot, this estate features a main house with two guest houses for a total of 7 bedrooms and 4 full bathrooms. This turnkey property is ready to be rented out immediately and includes over $50,000 in guaranteed 2024 rental income to start you off!Incredible mature foliage surrounds the property including a 3 story mango tree and beautiful fountain to create a one of a kind romantic setting. Additional features include a large heated pool and separate hot tub, outdoor dining area and a separate utility room. The entire estate has just been redesigned with brand new furniture and decor. All is included in the sale. Both interior and exterior are freshly painted. Perfectly located just minutes from PBI airport, downtown West Palm Beach and the world famous Palm Beach Island. Rent the property out as one to host large parties, divide into three rentals for multiple income streams or elevate this unique property to include small events etc. With a limited amount of short term rentals this size, the possibilities are endless. Financials and accounting details are available upon request.

Monthly Payment Calculator

www.curatedresidences.com/homes/147349852
Print Image

712 Palmetto Street West Palm Beach, FL 33405

  • Price: $1,299,000
  • Status: Active
  • On Site: 110 Days
  • MLS #: RX-10957466
0
Beds
0
Baths
0
½ Baths
0.25
Acres
2,972
SQFT
$437
$/SQFT
1928
Built
Neighborhood:
Hillside Park
County:
Palm Beach
Area:
West Palm Beach
Property Description
Incredible investment opportunity!! This extremely profitable short term rental in West Palm Beach sets itself apart from the competition. Sitting on a double corner lot, this estate features a main house with two guest houses for a total of 7 bedrooms and 4 full bathrooms. This turnkey property is ready to be rented out immediately and includes over $50,000 in guaranteed 2024 rental income to start you off!Incredible mature foliage surrounds the property including a 3 story mango tree and beautiful fountain to create a one of a kind romantic setting. Additional features include a large heated pool and separate hot tub, outdoor dining area and a separate utility room. The entire estate has just been redesigned with brand new furniture and decor. All is included in the sale. Both interior and exterior are freshly painted. Perfectly located just minutes from PBI airport, downtown West Palm Beach and the world famous Palm Beach Island. Rent the property out as one to host large parties, divide into three rentals for multiple income streams or elevate this unique property to include small events etc. With a limited amount of short term rentals this size, the possibilities are endless. Financials and accounting details are available upon request.
Exterior Features

Carport Spaces 2.00 Construction ConcreteStucco Exterior Features AwningsCabanaDeckExterior W/D HookupExtra BuildingFenceFruit Tree(s)Open PatioShutters Lot Description 1/2 to < 1 Acre Private Pool Description Equipment IncludedFreeformHeatedInground Private Pool YN Yes Roof MixedTar/Gravel Storm Protection Accordion Shutters Complete Unit1 Parking Carport - AttachedOpen Parking Unit2 Parking Carport - AttachedOpen Parking Unit3 Parking Carport - DetachedOpen Parking View Garden Waterfront Description None Waterfront YN No

Interior Features

Cooling Ceiling FanCentralWall-Win A/C Flooring Ceramic TileTerrazzo FloorTileWood Floor Heating Central Unit1 Bedrooms 4 Unit1 Desc A/C UnitDen/FamilyDishwasherDisposalDryerKitchenLaundryMicrowavePantryPatioRange - ElectricRefrigeratorSeparate DiningSmoke DetectorWalk-in ClosetsWasher Unit1 Full Baths 2 Unit1 Furnished Yes Unit1 Sq Ft 1852 Unit2 Bedrooms 2 Unit2 Desc A/C UnitDen/FamilyDishwasherDisposalDryerElectric MeterKitchenLaundryMicrowavePatioRefrigeratorSeparate DiningSmoke DetectorSplit BedroomsWasher Unit2 Full Baths 1 Unit2 Furnished Yes Unit2 Sq Ft 700 Unit3 Bedrooms 1 Unit3 Desc A/C UnitDryerElectric MeterMicrowavePatioRefrigeratorSmoke DetectorWalk-in ClosetsWasher Unit3 Full Baths 1 Unit3 Furnished Yes Unit3 Sq Ft 180 Window Treatments Blinds

Property Features

Annual Net Operating Income 36975.00 Annual Total Expenses 92442.00 Auction No Available Info AccountingInventory Built Desc Resale Gated Community No Gross Operating Income 129417.00 Hoa Fee Per Month 0.00 Homeowners Association None HOPA No Hopa List Office Board Code Realtor Association of the Palm Beaches (RAPB) Maintenance Fee Includes None Multifamily Type Triplex REO No Restrictions Lease OK Separate Electric Meters No Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses AccountantBooks Special Info Sold As-Is Sq Ft Total 3171.00 Subdivision Amenities None Tax Amount 19403.00 Tax Year 2023 Taxes City/County Tenant Pays None Terms Considered CashConventional Unit1 Monthly Income 7548.00 Unit2 Monthly Income 2158.00 Unit3 Monthly Income 1100.00 Utilities CableElectricPublic SewerPublic Water Zoning SF7 (city)/SING

Listing provided courtesy of United Realty Group, Inc: . Listing information © 2024 BeachesMLS
 
https://bt-photos.global.ssl.fastly.net/rmls/1280_boomver_1_RX-10957466-2.jpg https://bt-photos.global.ssl.fastly.net/rmls/1280_boomver_1_RX-10957466-2.jpg https://bt-photos.global.ssl.fastly.net/rmls/1280_boomver_1_RX-10957466-2.jpg
Logo
Curated Residences Group at Brown Harris Stevens
1820 Bay Rd
Miami Beach FL, 33139
- Load Facebook SDK for JavaScript -->