712 Palmetto St

$1,299,000, 7 Beds 4 Baths 3,171 Sqft ¼ Acres

About This Property

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.

Essential Information

MLS® #RX-10957466
Price$1,299,000
Bedrooms7
Bathrooms4.00
Full Baths4
Square Footage3,171
Acres0.25
Year Built1928
TypeMulti-Unit
Sub-TypeTriplex
StyleNo
StatusActive

Community Information

Address712 Palmetto St
Area5430
SubdivisionHILLSIDE PARK
CityWest Palm Beach
CountyPalm Beach
StateFL
Zip Code33405

Amenities

Parking Spaces2
ViewGarden
WaterfrontNone
Has PoolYes

Utilities

3-Phase Electric, Cable, Public Sewer, Public Water

Pool

Equipment Included, Freeform, Heated, Inground

Interior

HeatingCentral
# of Stories2

Cooling

Ceiling Fan, Wall-Win A/C, Central

Exterior

Lot Description1/2 to < 1 Acre
WindowsBlinds
RoofTar/Gravel, Mixed
ConstructionConcrete, Frame/Stucco

Exterior Features

Awnings, Cabana, Deck, Exterior W/D Hookup, Extra Building, Fence, Fruit Tree(s), Open Patio, Shutters

Additional Information

ZoningSF7 (city)/SING

Listing Details

OfficeUnited Realty Group, Inc

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712 Palmetto St, West Palm Beach (MLS® #RX-10957466) Property History

Status Changed from Active Under Contract to Active
Status Changed from Active to Active Under Contract
Status Changed from New to Active
Status Changed from Coming Soon to New

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 ©2024 BeachesMLS, Inc.

Listing information last updated on April 29th, 2024 at 1:45am CDT.

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