$1,520,000

Quadruplex In West Palm Beach

  • 7,607 Sqft
  • Updated: Today
  • Source:
    BeachesMLS  MLS#B26092035

About the Property

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
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 [hidden information] Whispering Pine Way D2, Greenacres, FL [hidden information] Whispering Pine Way A1, Greenacres,FL [hidden information] Emory Drive E, Unit E, West Palm Beach, FL [hidden information] W Ashley Drive A, West Palm Beach, FL [hidden information] Whispering Pine Way C-2, Greenacres, FL [hidden information] 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*
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  • Property type

    Other

  • Floors

    2

  • Year built

    1968

  • Price/sqft

    $199

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2907 ASHLEY Drive W A, West Palm Beach, Florida, United States View on Google Maps
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Real - ativity - Boynton Beach

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Real - ativity - Boynton Beach
Florida, United States
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Real - ativity - Boynton Beach
Boynton Beach, Florida, United States
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Last updated
Today
First listed
October 24
Listing reference
B26092035
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