$244,000
SOLD FEB 27, 2020

716 5th St West Palm Beach, FL 33401

Downtown West Palm Beach Neighborhood
-- Bed
-- Bath
2,301 Sq Ft
7,000 Sq Ft Lot

Recently Sold

$106 Per Sq Ft

9% Below List Price

12 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • 2-minute walk to Alice Mickens Park
  • Porch
  • Open Patio

About This Home

As of June 2022

LETS MAKE A DEAL! Owners wants offers and is ready to sell. Great Investment for opportunity for new investors, developers or longtime investors. This area is the last affordable spot in downtown West Palm Beach. Close walking distance to EVERYTHING (Trains, grocery, restaurants, shops). This sale consists of 3 separate cottages all on one lot. All separate water & electric meters. Lots of money coming into this area. Perfect for the high demand work force housing that is become scarce. OWNER FINANCING IS EVEN A POSSIBILITY!!!!! Lets get this sold!!!

Last Agent to Sell the Property

Cole Leavitt

CPRE Organization Inc License #3238799 Listed on: 01/15/2020

Last Buyer's Agent

Feray Lues

Partnership Realty Inc. License #3048699

Partnership Realty Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,687

Year Built

  • Built in 1920

Home Design

  • Triplex
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,301 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Vinyl

Outdoor Features

  • Open Patio
  • Porch

Additional Features

  • 7,000 Sq Ft Lot
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Assessor Parcel Number 74434321060180040

Community Details

Overview

  • 3 Units
  • Clows Subdivision

Building Details

  • Operating Expense $5,856
  • Net Operating Income $21,744

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,687

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Directions: I-95 to Okeechobee go E. to Tamarind Ave and make left. Head North to 5th St. and make right (Heading East) property is on right hand side.
  • Year Built: 1920
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Vinyl, Wood
  • Living Area: 2301.0

Exterior Features

  • Exterior Features: Porch
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Frame
  • Patio And Porch Features: Open, Porch
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Other
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 74434321060180040
  • Lot Size Sq Ft: 7000.0
  • Zoning Description: NWD-R
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 21744.0
  • Number Of Units Total: 3
  • Annual Operating Expense: 5856.0

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 2687.0

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2022 06/03/22 Sold $525,000 +7.1% $228 / Sq Ft
06/01/2022 06/01/22 Off Market $489,999 -- --
05/14/2022 05/14/22 Pending -- -- --
03/25/2022 03/25/22 Price Changed $489,999 +900.0% $213 / Sq Ft
03/25/2022 03/25/22 For Sale $48,999 0.0% $21 / Sq Ft
11/28/2020 11/28/20 For Rent $1,300 0.0% --
11/28/2020 11/28/20 Rented $1,300 0.0% --
02/27/2020 02/27/20 Sold $244,000 -9.3% $106 / Sq Ft
01/28/2020 01/28/20 Pending -- -- --
01/15/2020 01/15/20 For Sale $269,000 -- $117 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    John Tequia

    Binter Real Estate

    (786) 519-2882

    1 in this area

    34 Total Sales

    John Tequia
    Section Image

  • N

    Buyer's Agent in 2022

    Neta Hirsch

    The Agency Realty Corp

    (305) 807-7747

    4 in this area

    26 Total Sales

    Neta Hirsch
    Section Image
  • Cole Leavitt

    Seller's Agent in 2020

    Cole Leavitt

    CPRE Organization Inc

    (866) 792-6163

    51 Total Sales

    Cole Leavitt
    Section Image
  • Feray Lues

    Seller's Agent in 2020

    Feray Lues

    Partnership Realty Inc.

    (917) 622-7941

    3 Total Sales

    Feray Lues
    Section Image

  • H

    Seller Co-Listing Agent in 2020

    Holly Sen

    Partnership Realty Inc.

    (561) 603-2046

    2 Total Sales

    Holly Sen
    Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10592437

BeachesMLS

APN: 74-43-43-21-06-018-0040

Florida Palm Beach County West Palm Beach 33401 Downtown West Palm Beach

716 5th St, West Palm Beach, FL

This home is located at 716 5th St, West Palm Beach, FL 33401 and is currently priced at $244,000, approximately $106 per square foot. This property was built in 1920. 716 5th St is a home located in Palm Beach County with nearby schools including Roosevelt Elementary School, Conniston Middle School, and Forest Hill Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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