508 45th Street
About This Property
Separate 280 sq ft cottage, fully permitted.
Triple size gated Lot, nicely landscaped, with fruit trees, and slab for RV or boat, wired with 30 amp.
Outdoor lighting to provide ambiance.
Great location 1 block from Flagler and park overlooking Intracoastal, <5 mins to Downtown WPB and Cityplace, 10 mins to Palm Beach International Airport.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 14, 2023 | Sold | ||
| Sold | |||
| Feb 11, 2023 | Listed by Florida Coastal Living Inc | $500,000 | |
| Listed by Florida Coastal Living Inc | |||
| Aug 24, 2018 | Sold | ||
| Sold | |||
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Jul 19, 2018 | Listed | $249,900 | |
| Listed | |||
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Well maintained home on oversized triple Lot, 105'x75' Miami Dade wood floors throughout, porch converted to living area. Kitchen upgraded 2010, custom cabinets. Natural gas Stove, Water Tank and Dryer. Home rewired 2014. Hot Tub to stay.Separate 280 sq ft cottage, fully permitted.Triple size gated Lot, nicely landscaped, with fruit trees, and slab for RV or boat, wired with 30 amp.Outdoor lighting to provide ambiance.Great location 1 block from Flagler and park overlooking Intracoastal,
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About North Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017