Palm Beach Gardens, FL, 33418 · MLS B26068272
286 Cypress Point Drive, Palm Beach Gardens, FL 33418
$185,000.00Property description
Fully updated and renovated 1 bedroom, 1 bath condo in Cypress Point at PGA National. The unit is currently leased on an annual basis at $2,100 per month, providing immediate rental income, with the tenant responsible for electricity and Wi-Fi. The property also features a brand new water heater. Offered at an attractive 7.93% 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 B26068273 and B26084588 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.
Property details
| Status | Active |
|---|---|
| Property type | Condominium |
| Subdivision | CYPRESS POINT CONDO |
| County | Palm Beach |
| Pool | No |
| Cooling | Central Individual |
| Heating | Central Individual |
| Parking | Assigned, Guest |
| Interior features | None |
| Exterior features | Balcony |
| Appliances | Cooktop, Disposal, Dishwasher, Ice Maker, Microwave, Oven, Refrigerator, Electric Cooktop, Freezer |
Key facts
| HOA | $969.63 Quarterly |
|---|---|
| Association amenities | Car Wash Area, Golf Course, Jogging Path, Laundry, Park, Picnic Area, Playground, Pool, Spa/Hot Tub, Tennis Court(s), Trail(s), Baseball/Softball Field, Maintained Community, Pickleball Court(s), Sidewalks, Soccer Field, Gated, Security, Recreation Facilities |
| Pets allowed | Yes, Cats OK, Dogs OK, Number Limit, Size Limit |
| Construction | Frame, CBS |
| Flooring | Wood |
| Roof | Concrete, Tile |
| Security | Gated with Guard |
| Utilities | Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Water Connected |
| View | Water, Pond |
| Waterfront | Pond |
| Stories | 1 |
| Annual taxes | $2,930.00 |
Schools
| Elementary school | Timber Trace |
|---|---|
| Middle school | Watson B. Duncan |
| High school | Palm Beach Gardens |
Listing courtesy of Zarden Realty
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but not guaranteed and should be independently verified.
