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4559 Cole Street
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PRICED AT ONLY: $629,900

Address: 4559 Cole Street, West Palm Beach, FL 33417

Description

Excellent income producing property! Almost 10% cap! Low maintenance and high return investment opportunity. This triplex has all impact windows. The owner currently occupies the main unit, while the additional 2 bedroom, 1 bath unit rents for $1,900 on an annual lease and the 1 bedroom, 1 bath unit rents for $1,400. The owner's unit was previously rented for $2,400 per month, and the new owner can easily rent it again for $2,400 or more, making this property a true cash cow. Centrally located just minutes from supermarkets, restaurants, the airport, and beautiful beachesan ideal location for both owners and tenants. Don't miss this rare income opportunity!

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  • MLS#: R11147186 ( Residential Income )
  • Street Address: 4559 Cole Street
  • Viewed: 25
  • Price: $629,900
  • Price sqft: $319
  • Waterfront: No
  • Year Built: 1959
  • Bldg sqft: 1972
  • Total Baths: 2
  • Days On Market: 98

Description

Excellent income producing property! Almost 10% cap! Low maintenance and high return investment opportunity. This triplex has all impact windows. The owner currently occupies the main unit, while the additional 2 bedroom, 1 bath unit rents for $1,900 on an annual lease and the 1 bedroom, 1 bath unit rents for $1,400. The owner's unit was previously rented for $2,400 per month, and the new owner can easily rent it again for $2,400 or more, making this property a true cash cow. Centrally located just minutes from supermarkets, restaurants, the airport, and beautiful beachesan ideal location for both owners and tenants. Don't miss this rare income opportunity!
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Features
Building and Construction
  • Fencing: Fenced
  • Flooring: Tile
  • Roof: Mixed
Eco-Communities
  • Water Source: Public
Utilities
  • Cooling: Ceiling Fan(s), Central Air, Wall/Window Unit(s)
  • Electric: Three Phase
  • Heating: Central, Electric, Window/Wall
  • Sewer: Septic Tank
  • Utilities: Cable Available, Water Available
Amenities
  • Association Amenities: None
Finance and Tax Information
  • Tax Year: 2025
Rental Information
  • Tenant Pays: None
Other Features
  • Legal Description: WEST PARK REPL E 65 FT OF TR 14 (LESS S 5 FT COLE ST R/W)
  • Parcel Number: 00424325050000143
  • Views: 25
  • Zoning Code: RH
Nearby Subdivisions
0   Cam Estates   Cherry Lane   Cypress Lakes   Cypress Lakes 10   Cypress Lakes 2   Cypress Lakes 3-a   Cypress Lakes 4   Cypress Lakes 6-a   Cypress Lakes 7-a   Foxhall   Foxhall Ph 1   Foxwood Estates 1 Of Lakeside    Foxwood Estates 2 Of Lakeside    Grand Isles Condo   Haverhill Homesites   Knotty Pine Acres   Knotty Pine Acres In   Lakeside Green 1   Lakeside Green 2   Lakeside Green 6   Lakeside Green 7   Lakeside Green 9   Marguerita Villas   Meadowbrook 1   Meadowbrook Wpb   N/a   North Landing   Palm Club West Village 2   Palm Lake Condo   Park Place Townhomes   Plantation Village Unrec On Am   West Park  
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