286 Cypress Point Drive,Palm Beach Gardens, FL 33418
Palm Beach Gardens, FL 33418
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.
Details
| MLS # | B26068272 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| HOA Dues | $969 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1982 |
| Days On Site | 44 |
| Listing Provided By | Zarden Realty | Olivia Prosser |
Features
| Bed(s) | 1 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 502 |
| Pool | Yes |
| Story(s) | 1 |
| Zoning | PCD (city) |
| Water Front | Yes |
| Property View | Yes |
Exterior
| Lot Features | Many Trees |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Assigned, Guest |
Taxes
| Tax Annual Amount | 2930 |
|---|
Location
| Community Features | Gated, Sidewalks |
|---|
Area Information
| State | FL |
|---|---|
| County | Palm Beach |
| City | Palm Beach Gardens |
| Zip Code | 33418 |
| Area | 5360 |
| Subarea | PB27 |
| Community Name | CYPRESS POINT CONDO |
| Listing VS Median (in CYPRESS POINT CONDO) | |
Price: $195,000 low | high Med: $3,300 sqft: 502 low | high Med: 770 $ / sqft: $388 low | high Med: $4 On site: 44 low | high Med: 98 | |
Market Activity 33418
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Learn More About This Property
| State | FL |
|---|---|
| County | Palm Beach |
| City | Palm Beach Gardens |
| Zip Code | 33418 |
| Area | 5360 |
| Subarea | PB27 |
| Community Name | CYPRESS POINT CONDO |
| Listing VS Median (in CYPRESS POINT CONDO) | |
Price: $195,000 low | high Med: $3,300 sqft: 502 low | high Med: 770 $ / sqft: $388 low | high Med: $4 On site: 44 low | high Med: 98 | |