$1,550,000
0 ba · 3,004 sqft
1211 FLORIDA Avenue, West Palm Beach, FL 33401
1 / 45
2907 ASHLEY Drive W # A, West Palm Beach, FL 33415
$1,520,000— Beds0 Baths7,607 Sq. Ft.$200 / sq. ft.
West Palm Beach, FL 33415 · Palm Beach County 55+ Asse
Status
Active
Type
Quadruplex
Year Built
1968
Days on Market
4
MLS #
B26092035
About This Home
6.9% Cap Rate, $105,072 NOI. Acquire a self-managed, fully leased 10-property investment portfolio by purchasing a single LLC's membership interests. Units are renovated (2) 2bed/2bath,(2) 2bed/1bath, (1)1bed/2bath & (5) 1bed/1bath units all located in well maintained Palm Beach County 55+ communities with well-established pet-free tenants. The communities are villas or 2-story condos with no upcoming assessments; the master insurance policies are covered in dues. LMR & security deposits of $29,440 transfer. This structure consolidates 10 individual property closings into one transaction without transferring the individual deeds or paying closing costs on individual sales. The portfolio offers established leasing rights with no seasoning period. See supplement for addresses. Cash Only All units are located close together and have screened porches, additional storage, and either in-unit laundry or a free-standing laundry room within 50ft. Unit addresses: 401 Pine Glenn Lane B1, Greenacres, FL 33463 5800 Whispering Pine Way D2, Greenacres, FL 33463 5961 Whispering Pine Way A1, Greenacres,FL 33463 2779 Emory Drive E, Unit E, West Palm Beach, FL 33415 2907 W Ashley Drive A, West Palm Beach, FL 33415 5960 Whispering Pine Way C-2, Greenacres, FL 33463 2837 Ashley Drive W D, West Palm Beach, FL 33415 214 Lake Frances Drive, West Palm Beach, FL 33411 414 Pine Glen Lane C-2, Greenacres, FL 33463 327 Knotty Pine Circle A-1, Greenacres, FL 33463 A membership-interest transfer may have different property tax implications than a deed transfer*
Property Details
- Flooring
- Tile, Wood
- Heating
- Central
- Cooling
- Central Air
- Pool Features
- Community
Building & Association
- Stories
- 2
- Stories Total
- 2
- Association
- Yes
- Association Fee
- $50,968
- Association Fee Frequency
- Annually
- Association Amenities
- Community Pool, Pool, Private Pool
- Pets Allowed
- No, Yes
Lot & Construction
- Lot Size Square Feet
- 0
- Waterfront
- No
- View
- No
- Roof
- Comp Shingle Roof, Shingle
- New Construction
- No
Public Records
- Parcel Number
- 00424413210050010
- Tax Annual Amount
- $20,601
- Tax Year
- 2,025
- Zoning
- RM
- County Or Parish
- Palm Beach County
