About This Property
Residential in Palm Beach Gardens
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.
Features & Amenities
Property Highlights
Roof
- Concrete
- Tile
View
- Water
- Pond
Sewer
- Public Sewer
Levels
- One
Cooling
- Central Individual
Heating
- Central Individual
Electric
- Three Phase
Flooring
- Wood
Amenities
- Car Wash Area
- Golf Course
- Jogging Path
- Laundry
- Maintained Community
- Park
- Playground
- Pool
- Sidewalks
- Trail(s)
Utilities
- Cable Available
- Electricity Available
- Phone Available
Appliances
- Dishwasher
- Disposal
- Electric Cooktop
- Freezer
- Ice Maker
- Microwave
- Oven
- Refrigerator
- Cooktop
Membership
- Other Membership Available
- Social Membership Available
- Tennis Membership Available
Possession
- Subject To Tenant Rights
- Other
Room Types
- Kitchen
- Living Room
- Master Bedroom
Water View
- Pond
Dining Area
- Eat-In Kitchen
- Snack BarCounter
LotFeatures
- Many Trees
- Sidewalks
WaterSource
- Public
Lot Features
- Many Trees
- Sidewalks
Pets Allowed
- Cats OK
- Dogs OK
- Number Limit
- Size Limit
Restrictions
- Buyer Approval Required
- Parking - No Boat
- Parking - No RV
- Parking - No Trailer
Water Source
- Public
Listing Terms
- Cash
- Conventional
Structure Type
- Multi Family
Balcony Details
- Balcony - Covered
- Balcony - Open
OtherStructures
- Gazebo
- Other
ParkingFeatures
- Assigned
- Guest
Pets Allowed YN
- Yes
Tax Information
- CityCounty
- Tax Reflects No Exemptions
Association Type
- Condominium
ExteriorFeatures
- Balcony
InteriorFeatures
- None
Laundry Features
- Common Area
- Washer Hookup
- Other
Other Structures
- Gazebo
- Other
Parking Features
- Assigned
- Guest
SecurityFeatures
- Gated with Guard
Unit Description
- Exterior Catwalk
Interior Features
- None
Security Features
- Gated with Guard
ArchitecturalStyle
- Key West
Foundation Details
- Slab
Master BedroomBath
- None
Property Condition
- Resale
WaterfrontFeatures
- Pond
Architectural Style
- Key West
Waterfront Features
- Pond
AssociationAmenities
- Security
- Gated
- Pool
- Car Wash Area
- Golf Course
- Jogging Path
- Laundry
- Maintained Community
- Park
- Playground
- Sidewalks
- Trail(s)
Showing Requirements
- Call Listing Agent
- Listing Agent Must Accompany
- Occupied
- Text Listing Agent
Association Amenities
- Gated
- Security
Outdoor Living Spaces
- Balcony
Construction Materials
- CBS
- Stucco
Application Information
- Association Approval Required
Association Fee Includes
- Sewer
- Water
SpecialListingConditions
- Standard
Leasing Permitted Details
- Short Term Rentals Allowed
Special Listing Conditions
- Standard
Specifications
Property Details
Location