• 500 Franklin Road
    West Palm Beach, FL 33405

  • $416,000

    Check your credit
  • 0
    Bed(s)

  • 0
    Bathroom

  • 3,061
    Sq Ft

 

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

Subdivision : Colonial Estates

County : Palm Beach

Style : Triplex

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Property Details

Building Information

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

Pool Information

  • Private Pool: No

Lot Information

  • Stories:
  • Main Square Feet: 5,498

Property Information

  • SQ ft: 3,191
  • SQ ft (Living Area): 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

Location Information

  • Development Name: Colonial Estates

Colonial Estates Statistics

Total for Sale 10
Average Taxes $2,729
Year Built 1925 to 2018
Average Days on Market 56
Average Days on Market -Sold 141
List Price to Sales Price Ratio 90.59%
Single Family Homes 6

Colonial Estates is a subdivision within the city of West Palm Beach, Florida. There are currently 10 Homes for Sale within Colonial Estates, with asking prices ranging from $199,900 to $399,000. The average list price per square foot of the available inventory in Colonial Estates is $189, which is below the West Palm Beach average of $189. The Average Sales price of all sold real estate in this subdivision for the past year is $211,925. Recent comparable homes have been selling for 90.59% of their asking price. Waterfront homes represent 0.00% of the available Colonial Estates inventory. The population of Colonial Estates, according to the 2010 Census, is 99,919. The total number of households in the zip code of Colonial Estates 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 2,997, which means that 59.62% of households in this zipcode are owner occupant households.

Neighborhood Activity

Find More Statistics And Condos Trends In Colonial Estates

Homes For Sale in Colonial Estates
All For Sale Median Price
3 Bed Homes (5) $ 271,760
4 Bed Homes (1) $ 249,900
Homes Sold in Colonial Estates
Sold Median Price
1 Bed Homes (1) $ 47,000
2 Bed Homes (18) $ 117,363
3 Bed Homes (40) $ 144,340
4 Bed Homes (8) $ 182,113
Homes For Sale in 33405
All For Sale Median Price
1 Bed Homes (1) $ 599,000
2 Bed Homes (20) $ 412,990
3 Bed Homes (69) $ 632,381
4 Bed Homes (36) $ 1,212,694
5+ Bed Homes (27) $ 3,932,486
Homes Sold in 33405
Sold Median Price
1 Bed Homes (7) $ 72,036
2 Bed Homes (610) $ 206,840
3 Bed Homes (1219) $ 334,220
4 Bed Homes (348) $ 658,943
5+ Bed Homes (137) $ 2,243,263
Condo For Sale in 33405
All For Sale Median Price
1 Bed Condo (9) $ 225,778
2 Bed Condo (10) $ 409,340
3 Bed Condo (3) $ 1,139,633
4 Bed Condo (1) $ 3,890,000
Condo Sold in 33405
Sold Median Price
1 Bed Condo (63) $ 122,385
2 Bed Condo (61) $ 228,949
3 Bed Condo (24) $ 262,786
4 Bed Condo (1) $ 299,000
Townhomes For Sale in 33405
All For Sale Median Price
3 Bed Townhomes (2) $ 609,450
Townhomes Sold in 33405
Sold Median Price
2 Bed Townhomes (6) $ 98,752
3 Bed Townhomes (9) $ 256,978
Land For Sale in 33405
All For Sale Median Price
Land (1) $ 175,000
Land Sold in 33405
Sold Median Price
Land (3) $ 691,667
Villa Sold in 33405
Sold Median Price
2 Bed Villa (2) $ 255,000
Homes For Sale in West Palm Beach
All For Sale Median Price
1 Bed Homes (3) $ 383,923
2 Bed Homes (92) $ 305,657
3 Bed Homes (430) $ 448,824
4 Bed Homes (242) $ 729,203
5+ Bed Homes (103) $ 1,961,267
Homes Sold in West Palm Beach
Sold Median Price
1 Bed Homes (193) $ 29,885
2 Bed Homes (2710) $ 159,026
3 Bed Homes (9821) $ 247,532
4 Bed Homes (3808) $ 390,216
5+ Bed Homes (1098) $ 961,819
Condo For Sale in West Palm Beach
All For Sale Median Price
1 Bed Condo (309) $ 112,675
2 Bed Condo (475) $ 244,967
3 Bed Condo (119) $ 637,193
4 Bed Condo (8) $ 4,127,500
5+ Bed Condo (3) $ 3,548,333
Condo Sold in West Palm Beach
Sold Median Price
1 Bed Condo (4845) $ 65,137
2 Bed Condo (8473) $ 131,611
3 Bed Condo (1550) $ 258,424
4 Bed Condo (59) $ 1,788,052
5+ Bed Condo (4) $ 1,809,333
Townhomes For Sale in West Palm Beach
All For Sale Median Price
2 Bed Townhomes (49) $ 190,622
3 Bed Townhomes (54) $ 316,450
4 Bed Townhomes (6) $ 309,950
Townhomes Sold in West Palm Beach
Sold Median Price
1 Bed Townhomes (23) $ 42,287
2 Bed Townhomes (2411) $ 119,865
3 Bed Townhomes (1497) $ 173,660
4 Bed Townhomes (111) $ 204,036
5+ Bed Townhomes (1) $ 249,900
Villa For Sale in West Palm Beach
All For Sale Median Price
1 Bed Villa (10) $ 55,104
2 Bed Villa (35) $ 189,956
3 Bed Villa (16) $ 189,016
Villa Sold in West Palm Beach
Sold Median Price
1 Bed Villa (183) $ 48,299
2 Bed Villa (1577) $ 122,153
3 Bed Villa (631) $ 164,667
4 Bed Villa (6) $ 187,900
5+ Bed Villa (1) $ 310,000
Land For Sale in West Palm Beach
All For Sale Median Price
(47) $ 1,042,486
Land Sold in West Palm Beach
Sold Median Price
Land (133) $ 323,604

 

Property History Of 500 Franklin Road

Date Event & Source Price
May 12, 2006 Sold ( MLS )
MLS: RX-2641239
$290,000
April 07, 2006 Listed
MLS: RX-2641239
$325,000
Unlock full property history (2 More Entries)

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 2018 Beaches Multiple Listing Service, Inc

ByOwner last updated this listing 07/18/2018 @ 09:09

MLS: RX-10381882
LISTING PROVIDED COURTESY OF Katty R Cavalieri, RE/MAX Prestige Realty
SOURCE: Beaches MLS

500 Franklin Road, West Palm Beach FL 33405 is a Multifamily, with 0 bedrooms which is recently sold, it has 3,191 sqft, 5,498 sized lot, and parking. A comparable Multifamily, has 0 bedrooms and 0 baths, it was built in and is located at 424 Colonial Road West Palm Beach FL 33405 and for sale by its owner at $ 249,900. This home is located in the city of West Palm Beach , in zip code 33405, this Palm Beach County Multifamily, it is in the COLONIAL ESTATES Subdivision, MACKLE PARK PLAT and Vista Encanto Add are nearby neighborhoods.

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