524 Palmetto St
West Palm Beach, FL 33405
- – beds
- – baths
- 1,632 sqft
- $337 per sqft
- 1940 build
- – on site
518 and 524 Palmetto St. Turnkey and income producing property in highly desireable Colonial Estates. This investment opportunity includes 2 separate buildings, both fully rented. The first building is a 2 bedroom, 1 bathroom single family home. The second building is a 2 bedroom, 2 bathroom single family home. This investment offers true flexibilty. It can be used as a long term rental property or the location would make a great short term rental property. For a lower down payment, the owner can occupy one of the buildings and realize huge rewards. There are so many possibilities with this inome producing opportunity. Professionally managed and well maintained since the current owners purchased means very little hassle for the new owner(s). Separate laundry area shared by both units.
Last checked:
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Last updated Nov 14, 2024
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MLS# F10462648 —
The Building
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Year Built:1940
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Year Built Description:Resale
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Construction Type:Aluminum Siding, Frame Construction
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Style:Duplex
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Roof Description:Comp Shingle Roof
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Unit Count:2
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# of Stories:1
Interior
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Floor Description:Ceramic Floor, Wood Floors
Room Dimensions
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SqFt Living Room Area:1,632 Sqft
Financial & Terms
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Terms Considered:Cash, Conventional, FHA, VA
Location
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Directions:DRIVE BY ONLY: From I95 take Forest Hills Blvd East. Proceed to US1 and turn left (North). Go to Palmetto St and turn left (West). Proceed to 518 and 524 Palmetto St.
The Property
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Type of Property:Duplex
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Property Type:Residential Income
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Property Type Information:Detached, Ranch
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Parcel Number:74434404040200100
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Lot Description:Less Than 1/4 Acre Lot
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Zoning:SF7
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Geographic Area:Palm Beach 5420; 5430; 5440
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Waterfront Property:No
Listing Agent
- Contact info:
- Agent phone:
- (954) 999-7536
- Office phone:
- (954) 999-7536
Taxes
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Tax Year:2023
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Tax Amount:$8,445
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Tax Information:Tax Reflects No Exemptions
The Listing
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Information Available:Accounting Statements, Deposit - Last Months Rent, Deposit - Security, Copy Of Lease(S), Service Contracts
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Auction:No
Heating & Cooling
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Cooling Description:Ceiling Fans, Central Cooling
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Heating Description:Heat Pump/Reverse Cycle
Utilities
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Water Description:Municipal Water
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Sewer Description:Municipal Sewer
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Internet:Yes
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Cable Available:Yes
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Separate Meter:Yes
The Community
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Subdivision Name:Colonial Estates
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Subdivision Complex Bldg:Colonial Estates
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Gated Community:No
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Development Name:Colonial Estates
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Pool:No
Parking
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# Parking Spaces:6
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/31/24
Oct 31, 2024
|
Relisted | GFLR | $550,000 | |
|
10/31/24
Oct 31, 2024
|
Pending | GFLR | $550,000 | |
|
9/20/24
Sep 20, 2024
|
Listed / Active | GFLR | $550,000 | 35.8% (11.6% / YR) |
