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151 Cypress Point Drive, Palm Beach Gardens, FL 33418

$195,000
: 1
BD
: 1
BA
: 502
SqFt

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List Price: $195,000
Days on Market: 1
MLS#: B26084588
Year Built: 1982
Bedrooms: 1
Bathrooms: 1
Living Area: 502
Building Name: 8
MLS Area Major: 5360

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Property Description

Fully furnished and updated 1 bedroom, 1 bath condo in Cypress Point at PGA National! The unit is currently leased on an annual basis at $2,100/month, providing immediate rental income! Offered at an attractive 7.30% cap rate, this is a turnkey opportunity for investors seeking strong in place income. This property is also being offered alongside two additional fully renovated units MLS B26068272 and B26068273 creating the opportunity to acquire a three unit investment portfolio with an average cap rate of approximately 7.72%. Units may be purchased individually or as a portfolio! All information provided by the broker and its representatives, including but not limited to pricing, square footage, calculations, and statistics, is deemed reliable but not guaranteed and is subject to errors, omissions, or changes without notice. Buyers and their representatives must independently verify all details.

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Additional Information

Taxes: $3,979
Hoa Fee: $969
Property Description: Florida
Zoning: PCD (city)
Interior Features: Breakfast Bar, Eat-in Kitchen, Living/Dining Room, Other, Tub Shower
Appliances: Cooktop, Dryer, Dishwasher, Electric Cooktop, Freezer, Disposal, Microwave, Oven, Refrigerator, Washer
Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
Heating: Central, Electric, Individual
Air Conditioning: Central Air, Electric
Exterior Construction: CBSConcreteBlockStructure, Block, Frame
Roof: Shingle
Elementary School: Timber Trace
Middle School: Watson B. Duncan
High School: Palm Beach Gardens