712 Palmetto Street

West Palm Beach, FL 33405

$1,299,000
Price
Beds
2,972 Sq. Ft.
$437 / Sq. Ft.
2,972
Sq. Ft.
$437
per Sq. Ft.

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 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!
  1. Listed by Naomi Freeman • United Realty Group, Inc

Property Details for 712 Palmetto Street

Subdivision
HILLSIDE PARK
Waterfront
No
Waterfront Details
None
View
Garden
Style
Pool Only

Location

Listing Courtesy of United Realty Group, Inc
Add your commute
LISTING UPDATED: 04/15/2024 11:42 AM

Property Details for 712 Palmetto Street

StatusActive
MLS #RX-10957466
Days on Market71
Taxes$19,403 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1928
Lot Size0.25 AC / 11,090 SF
CountyPalm Beach County

Location

Listing Courtesy of United Realty Group, Inc
Add your commute

Building Information for 712 Palmetto Street

Stories2Residences3Year Built1928Building Size-Lot Size0.25 AC / 11,090 SF

Payment Calculator

$8,706 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,089

Property Taxes

$1,617

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 712 Palmetto Street

Summary
Location and General Information
  • Property Condition: Resale
  • Directions: From Forest Hill and Parker Ave, head South. Turn east on Palmetto Street.
  • Geo Area: Palm Beach 5420; 5430; 5440
  • Special Info: Sold As-Is
  • Street Number: 712
  • Subdivision Complex Bldg: HILLSIDE PARK
  • Municipal Code: West Palm Beach
  • State: FL
  • City Postal ID: 33405
  • MLS Area: 5430
  • MLS Sub Area: PB20
Parking
  • Carport Spaces: 2
Taxes and HOA Information
  • Comm/Trans Brk: 2.5%
  • HOPA: No Hopa
  • Tax Year: 2023
  • Maintenance Fee Incl: None
  • HOA Dues: $0
Property
Lot Information
  • Area: 5430
  • HOA Amenities: None
  • Lot Description: 1/2 to < 1 Acre
  • Parcel ID: 74434409040000440
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Sq Ft Total: 3,171
  • Square Ft Source: Other
  • Zoning: SF7 (city)/SING
Property and Assessments
  • Legal Desc: HILLSIDE PARK LTS 44 TO 47 INC
  • Sq Ft Liv Area: 2972.0
  • Legal Description: HILLSIDE PARK LTS 44 TO 47 INC
Utilities
  • Utilities: Cable, Electric, Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Construction: Concrete Block Construction, Concrete Block With Brick, Frame With Stucco, Stucco Exterior Construction
  • Exterior Features: Awnings, Cabana, Deck, Exterior W/D Hookup, Extra Building, Fence, Fruit Tree(s), Open Patio, Shutters
  • Private Pool: Yes
  • Storm Protection: Accordion Shutters: Complete
  • Subdiv Amenities: None
  • Gated Community YN: No
  • Structure Type: Triplex
Interior Features
  • Roof: Mixed, Tar/Gravel
  • Separate Elec Meters: No
  • Separate Wtr Meters: No
  • Cooling: Ceiling Fan, Central, Wall-Win A/C
  • Flooring: Ceramic Tile, Terrazzo Floor, Tile, Wood Floor
  • Heating: Central
  • Window Treatments: Blinds
  • Guest Accommodations: No
  • Spa Features: Above Ground
  • Spa: Yes
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $36,975.00
  • Income & Expenses: Annual Total Expense: $92,442.00
  • Income & Expenses: Gross Operating Inc: $129,417.00
  • Tenant Pays: None
Unit 1
  • Unit 1 Desc: A/C Unit, Den/Family, Dishwasher, Disposal, Dryer, Kitchen, Laundry, Microwave, Pantry, Patio, Range - Electric, Refrigerator, Separate Dining, Smoke Detector, Walk-in Closets, Washer
  • Unit 1 Info: Bedrooms: 4
  • Unit 1 Info: Full Bath: 2
  • Unit 1 Info: Furnished: Yes
  • Unit 1 Info: Monthly Income: 7,548
  • Unit 1 Info: SqFt: 1852.0
  • Unit 1 Parking: Carport - Attached, Open Parking
Unit 2
  • Unit 2 Desc: A/C Unit, Den/Family, Dishwasher, Disposal, Dryer, Electric Meter, Kitchen, Laundry, Microwave, Patio, Refrigerator, Separate Dining, Smoke Detector, Split Bedrooms, Washer
  • Unit 2 Info: Bedrooms: 2
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: Yes
  • Unit 2 Info: Monthly Income: $2,158
  • Unit 2 Info: SqFt: 700.0
  • Unit 2 Parking: Carport - Attached, Open Parking
Unit 3
  • Unit 3 Desc: A/C Unit, Dryer, Electric Meter, Microwave, Patio, Refrigerator, Smoke Detector, Walk-in Closets, Washer
  • Unit 3 Info: Bedrooms: 1
  • Unit 3 Info: Full Bath: 1
  • Unit 3 Info: Furnished: Yes
  • Unit 3 Info: Monthly Income: $1,100.00
  • Unit 3 Info: SqFt: 180.0
  • Unit 3 Parking: Carport - Detached, Open Parking
Rental
Rental Information
  • Pets on Premises: No

Property History for 712 Palmetto Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 712 Palmetto Street

Taxable ValueLand$241,000Additions$676,961Total$917,961
Tax Record2023$19,403 ($1,617 / month)
Home Facts
Beds4Baths3Total Finished SqFt2,032 SqFtAbove Grade Finished SqFt2,032 SqFtStories2Lot Size11,090 SqFtStyleSingle Family ResidenceYear Built1928Year Renovated2000ZoningSF7CountyPALM BEACHAPN74-43-44-09-04-000-0440

Schools near 712 Palmetto Street

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Palmetto Elementary School
PublicPK to 5

Conniston Middle School
Public6 to 8

Forest Hill Community High School
Public9 to 12

Renaissance Charter School At Summit
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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712 Palmetto Street is a multi-family home for sale in West Palm Beach, FL 33405. This property was listed for sale on February 7, 2024 by United Realty Group, Inc, it's currently listed at $1,299,000. It has been on the market for a total of 71 days and was last sold on February 25, 2022. This listing's school district is Palm Beach. Nearby schools include Palmetto Elementary School, Conniston Middle School and Forest Hill Community High School. 712 Palmetto Street is a 0-bed, 0-bath, 2,972 sqft multi-family home built in 1928.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of United Realty Group, Inc

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.