1947 Holman Drive, North Palm Beach, FL 33408 — MLS photo

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1947 Holman Drive, North Palm Beach, FL 33408

Active · Triplex

$850,000

1947 Holman Drive, North Palm Beach, FL 33408

Beds
—
Baths
0
Living area
1,598 sq ft
$ / sq ft
$532/sq ft
Year built
1961
Lot size
—
HOA fee
—
Annual tax
—

About this property

Nestled minutes from the beach in a non-HOA community, offering an excellent opportunity for investors or owner-occupants seeking a multi-unit income-producing asset or a live-and-rent opportunity. The thoughtful layout maximizes usable space across the three connected units, making efficient use of every square foot. Brand new roof incoming while featuring all-new electrical throughout, a recently installed water softener and water purification system, mature fruit trees, and additional storage space for a boat, trailer, or RV. Located in the prime location of Juno Ridge in close proximity to PGA Blvd and the beach, this triplex stands ready for beginning or adding to your investment portfolio! May be sold together with parcel 00434204080000060.

Property location

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1947 Holman Drive, North Palm Beach, FL 33408

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Facts & features

Interior

Bathrooms
0
Living area
1,598 sq ft

Exterior & Structure

Property type
Triplex
Year built
1961

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$0
County
Palm Beach
MLS listing ID
B26037928
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$1,179

Cap rate
4.0%
Net yield
4.0%
Cash-on-cash return
-5.9%
Gross yield
7.4%
Mortgage payment
$4,029/mo
Down payment
$212,500
Loan amount
$637,500
Annual NOI
$34,211

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.