286 Cypress Point Drive, Palm Beach Gardens, FL 33418
- $200,000
- 1
- BD
- 1
- BA
- 502
- SqFt
- List Price
- $200,000
- MLS#
- B26068272
- Status
- ACTIVE
- Bedrooms
- 1
- Bathrooms
- 1
- Sq. Ft
- 502
- Subtype
- Condominium
- County
- Palm Beach
- Subdivision
- Cypress Point Condo
- Region
- 5360 Palm Beach Gardens - W of Turnpike
- Year Built
- 1982
Property 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 7.76% 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 a third listing coming soon creating the opportunity to acquire a three unit investment portfolio with an average cap rate of approximately 7.5%. Units may be purchased individually or as a portfolio.
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Additional Information
- Hoa Fee
- $410
- Gated
- Yes
- Heating
- Central, Individual
- Cooling
- Central Air
- Roof
- Concrete, Tile
- Exterior Features
- Balcony
- Flooring
- Wood
- Construction
- Block, Concrete
- Living Area
- 502
- Elementary School
- Timber Trace
- Middle School
- Watson B. Duncan
- High School
- Palm Beach Gardens
- Pets Allowed
- Size Limit, Yes
Mortgage Calculator
Listing courtesy of Zarden Realty. Contact: