• 500 Franklin Road
    West Palm Beach, FL 33405

  • $ 416,000

  • 0
    Bed(s)

  • 0
    Bath(s)

  • 3,061
    Sq Ft

Loading...
Active

Cash producing, fully rented 3-unit building boasting two 3bed/2bath townhouses and one 2/1 SFR. Each unit has it's own laundry room. Hard to find corner lot property in the heart of Palm Beach County close to main highways including I-95 and Turnpike and to the beach, shopping, dining, entertainment and public transportation. This is a turn key property which is already yielding an incredible cash on cash return. Gross Income of $36,000. Huge rent increase potential. Current cap is 8%.

Property Type : Triplex

County : Palm Beach

Sell a home like this and save $24,461 Find Out How

Property Details

Building Information

  • Year Built: 1978
  • Total Units: 3
  • Built: Resale

Pool Information

  • Private Pool: No

Property Information

  • SQ ft: 3,061
  • Property Detail: Triplex
  • Subdivision: COLONIAL ESTATES

Listing Price Information

  • Original List Price: $416,000

Tax Information

  • Annual Tax: $5,451
  • Tax Year: 2016
  • Parcel Number: 74434404040160010

Virtual Tour

Parking Information

  • Garage: 0

Homeowners Association Information

  • None
  • HOA : N/A

Location Information

  • Development Name: Colonial Estates

Colonial Estates Statistics

Total for Sale 2
Average Taxes $2,148
Year Built 1923 to 1947
Average Days on Market for Available Inventory 34
Average Days on Market for Sold Inventory 186
List Price to Sales Price Ratio 90.81%
Single Family Homes 2

Colonial Estates is a subdivision within the city of West Palm Beach, FL. There are currently 2 Homes for Sale within Colonial Estates, with asking prices ranging from $235,000 to $268,000. The average list price per square foot of the available inventory in Colonial Estates is $192, which is below the West Palm Beach average of $296. The Average Sales price of all sold real estate in this subdivision for the past year is $158,675. Recent comparable homes have been selling for 90.81% of their asking price. Waterfront homes represent 0.00% of the available Colonial Estates inventory. The total number of households in the zip code of 33405 is 7,422, with an average household size for of 2.58 people. The total number of renter households within the zip code of 33405 is 2997, which means that 59.62% of households in this zipcode are owner occupant households.

Neighborhood Activity

Find More Statistics and Multifamily Trends in Colonial Estates

Homes For Sale in Colonial Estates
All For Sale Median Price
4 Bed Homes (1) $ 268,000
5+ Bed Homes (1) $ 235,000
Homes Sold in Colonial Estates
Sold Median Price
2 Bed Homes (13) $ 118,311
3 Bed Homes (31) $ 129,358
4 Bed Homes (4) $ 185,750
Homes For Sale in 33405
All For Sale Median Price
2 Bed Homes (17) $ 501,482
3 Bed Homes (48) $ 703,904
4 Bed Homes (32) $ 1,316,322
5+ Bed Homes (26) $ 2,100,571
Homes Sold in 33405
Sold Median Price
1 Bed Homes (7) $ 72,036
2 Bed Homes (522) $ 201,802
3 Bed Homes (1055) $ 330,182
4 Bed Homes (306) $ 638,516
5+ Bed Homes (123) $ 975,000
Condos For Sale in 33405
All For Sale Median Price
1 Bed Condos (4) $ 207,925
2 Bed Condos (8) $ 371,463
3 Bed Condos (3) $ 399,333
4 Bed Condos (1) $ 335,000
Condos Sold in 33405
Sold Median Price
1 Bed Condos (52) $ 117,630
2 Bed Condos (50) $ 234,577
3 Bed Condos (20) $ 240,314
Villas Sold in 33405
Sold Median Price
2 Bed Villa (1) $ 90,000
TownHome For Sale in 33405
All For Sale Median Price
3 Bed TownHome (3) $ 685,667
TownHome Sold in 33405
Sold Median Price
2 Bed TownHome (5) $ 43,522
3 Bed TownHome (6) $ 204,817
Land For Sale in 33405
All For Sale Median Price
Land For Sale (1) $ 180,000
Land Sold in 33405
Sold Median Price
Land Sold (2) $ 992,500
Homes For Sale in West Palm Beach
All For Sale Median Price
1 Bed Homes (102) $ 268,035
2 Bed Homes (82) $ 296,204
3 Bed Homes (423) $ 453,967
4 Bed Homes (212) $ 818,681
5+ Bed Homes (107) $ 1,078,372
Homes Sold in West Palm Beach
Sold Median Price
1 Bed Homes (446) $ 185,328
2 Bed Homes (2102) $ 170,049
3 Bed Homes (8203) $ 240,336
4 Bed Homes (3233) $ 385,021
5+ Bed Homes (941) $ 946,876
Condos For Sale in West Palm Beach
All For Sale Median Price
1 Bed Condos (305) $ 110,787
2 Bed Condos (517) $ 246,886
3 Bed Condos (121) $ 861,489
4 Bed Condos (18) $ 7,618,222
5+ Bed Condos (2) $ 11,085,000
Condos Sold in West Palm Beach
Sold Median Price
1 Bed Condos (3784) $ 67,315
2 Bed Condos (6887) $ 132,449
3 Bed Condos (1314) $ 254,437
4 Bed Condos (49) $ 1,615,696
5+ Bed Condos (2) $ 3,530,000
Villas For Sale in West Palm Beach
All For Sale Median Price
1 Bed Villa (12) $ 60,342
2 Bed Villa (31) $ 142,661
3 Bed Villa (14) $ 234,882
4 Bed Villa (1) $ 259,900
Villas For Sale in West Palm Beach
Sold Median Price
1 Bed Villa (150) $ 45,459
2 Bed Villa (1289) $ 115,747
3 Bed Villa (518) $ 162,343
4 Bed Villa (6) $ 187,900
TownHomes For Sale in West Palm Beach
All For Sale Median Price
2 Bed TownHomes (48) $ 162,940
3 Bed TownHomes (41) $ 306,697
4 Bed TownHomes (7) $ 268,443
TownHomes Sold in West Palm Beach
Sold Median Price
1 Bed TownHomes (17) $ 48,512
2 Bed TownHomes (1893) $ 115,830
3 Bed TownHomes (1223) $ 172,112
4 Bed TownHomes (85) $ 214,262
5+ Bed TownHomes (1) $ 249,900
Land For Sale in West Palm Beach
All For Sale Median Price
Land For Sale (37) $ 902,221
Land Sold in West Palm Beach
Sold Median Price
Land Sold (98) $ 213,600

 

Similar Multifamily to 500 Franklin Road

3800 Washington
West Palm Beach FL
thumb
$255,000
1
Beds
1.5
Baths
966
Sq. ft.
3901 S Flagler
West Palm Beach FL
thumb
$465,000
2
Beds
2
Baths
1,178
Sq. ft.
3800 Washington
West Palm Beach FL
thumb
$449,000
3
Beds
2
Baths
1,334
Sq. ft.
3800 Washington
West Palm Beach FL
thumb
$360,000
3
Beds
2
Baths
1,774
Sq. ft.
44 Cocoanut
Palm Beach FL 33480
thumb
$879,000
2
Beds
2
Baths
1,272
Sq. ft.
3915 S Flagler
West Palm Beach FL
thumb
$101,000
1
Beds
1
Baths
602
Sq. ft.
717 Forest Hill
West Palm Beach FL
thumb
$749,000

Beds
0
Baths
3,691
Sq. ft.
3701 S Flagler
West Palm Beach FL
thumb
$410,000
2
Beds
2
Baths
1,315
Sq. ft.
3800 Washington
West Palm Beach FL
thumb
$390,000
3
Beds
2
Baths
1,334
Sq. ft.
1630 Embassy
West Palm Beach FL
thumb
$52,500
1
Beds
1
Baths
657
Sq. ft.

Property History Of 500 Franklin Road

Unlock full property history
Date Event & Source Price
November 13, 2017 Listed (Active)
MLS: RX-10381882
$416,000
May 29, 2009 Sold (MLS)
MLS: RX-3010671
$152,000
beachesmls

All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2017 Beaches Multiple Listing Service, Inc

IDX information is provided exclusively for consumers' personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect Participants and/or the MLS from liability.

ByOwner last checked this listing 11/25/2017

MLS : RX-10381882

Listing provided courtesy of Katty R Cavalieri, Realty Associates FL Prop/Well

Source : Beaches MLS

500 Franklin Road, West Palm Beach, FL, 33405 is a Multifamily, with 0 bedrooms which is for sale, it has 3,061 sqft, sized lot, and parking. A comparable Condo, has 1 bedrooms and 1.5 baths , it was built in 1971 and is located at 3800 Washington Road West Palm Beach FL 33405 and for sale by its owner at $ 199,000. This home is located in the city of West Palm Beach , in zip code 33405, this Palm Beach County Condo, it is in the PORTOFINO SOUTH CONDO ESTATES OF SOUTH PALM BEA Subdivision, OMAR and BACON PARK ESTATES are nearby neighborhoods.

More Cities with for Sale by Owner Homes

Selling? Save $24,461 when you sell a home like this

Buying? Get a Commission refund of: $2,496

Learn More about this Property