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    8690 Sunset Dr, Unit A Palm Beach Gardens, FL 33410

    For Sale
    $900,000

    Triplex with long-term tenants and separate meters in Palm Beach.

    Building Details

    Year built
    1973

    Source: Orange Realty & Management Inc. Agent Alain Tejeda

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income Producing Triplex For Sale

    This income-producing triplex features three units. Unit #1 is a 2-bedroom, 1-bathroom unit with a lease ending on November 14, 2026, and a monthly rent of $1,750.00. Unit #2 is a 3-bedroom, 2-bathroom unit with a lease ending on July 19, 2026, and a monthly rent of $2,300.00. Unit #3 is a 2-bedroom, 1-bathroom unit with a lease ending on December 14, 2025, and a monthly rent of $1,800.00. The total monthly income is $5,850.00, resulting in a gross annual income of $70,200.00. The property has long-term tenants who are looking to stay and renew their leases. The property includes a new roof on both buildings installed in 2021, and a new septic drain field installed in June 2020. The property has been updated with new paint, and some updating to kitchens and baths. There is plenty of parking available, and each unit has separate electric and water meters. The property is being sold As Is with the right to inspect.
    Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Beach Gardens
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0995881
    Latitude
    26.8042513

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    FAQs

    What type of property is this?
    Triplex - Triplex with long-term tenants and separate meters in Palm Beach.
    Where is this triplex located?
    The property is located at 8690 Sunset Dr, Unit A Palm Beach Gardens, FL.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - Income-producing triplex generating $70,200.00 gross annual income.; - All units currently leased with long-term tenants interested in renewing.; - Separate electric and water meters for each unit.
    (786) 290-6240
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8690 Sunset Dr, Unit A Palm Beach Gardens, FL 33410
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